I’ve been at this a couple months now.  Jumped in with all the craziness of the Covid stock market.  I promised to stick to Tim’s rules and cut out early.  I knew I would take losses.  Started out with about a 47,000 account.  I was accumulating many small losses $2-300 a day.  Got down to around $40,000 but solid singles kept me coming back for more.  Early Last week I scored a $4000 profit and thats what has killed me this past week.  I decided to go big.  And my margin account allowed me.  Took 3 huge losses and now I’m down to $23000.  

I was given a furlough warning letter so I anticipate losing my job in 2 months.  That was probably my psychology for losing big.  I would get greedy as a stock would go up and then take a massive gap down for a few hundred dollar loss.  I would get frustrated and instead of keeping calm and cutting my loss I would just hold my head down as the stock would continue to drop drop drop.  I would hold and hope especially if the drop came early in the day.  I’ve had a few stocks make afternoon recoveries.  But these stocks never recovered.  In fact I would double down to get get my average down for the never coming recovery.  To add insult to injury there would be a tiny jump up prior to closing and then a massive gap down making my losses even more.  A -$10000 day.  A -$4000 day and a couple -$2000+ days bring my account just $3000 short of my minimum requirement.  

I have not written anything before but I vow to get back to the two weeks prior to my self destructive collapse.  I was taking nice $1 to $200 singles and ending the day with $600-$800 up.

Gotta lower my risk so I can stay focused and cut Losses and execute And not get down on myself as the stock price collapses.

i will be happy with singles and not focus on big gains because I’m panicking about making the mortgage payment.  In the next two months.  That’s all I want.  $200 a day average would be great.  Any more is just something to be thankful for.  

I am truly blessed to be in this program.  Tim is straight forward and unabashedly truthfull. I’m glad I didn’t end up in a rip-off program.  This program has provided me with an incredible amount of resources.  I just need to take advantage of those resources.  

Now that I have figured out how to log my trades I vow to be transparent, if not for others, then for myself.