I have had a crazy couple of weeks. I found out that my casino was going to open at the end of June, and I thought that the odds were good that I'd get called back. Unfortunately they only called back 8 guys. I'm number 9, haha. I hope that the demand is there, because I will be the next one called back.
When I get called back to work, I will most likely be on graveyard shift, which will be a big adjustment for me. It's been almost 15 years since I worked that shift. I have also thought a lot about how I am going to juggle trading with working a full time job. I will most likely miss the market open, but there are afternoon opportunities I can take advantage of. I will more than likely have to work weekends, so I will have my days off to trade as well. On slow days at work it will be easy for me to study on my laptop or read books.
I have been anxious to start a routine, but it is impossible right now with everything so uncertain. I have been limiting my trading a lot because of this, as I feel really high strung and emotional about the whole thing. I have been trying to concentrate on studying. When I look at the markets each day at market open, I get so overwhelmed with all of the plays. I am like a deer in headlights! I feel a strong desire to trade though, so I think it is just a matter of me getting over my fear. I am having a hard time with that lately. My mom went so far as to question my choice to pursue trading at all, but I won't give up on it. I think it's normal to feel anxious during these times, and I believe that it will pass. I will be stronger because of it.
I am still very happy with being a member of the Millionaire Challenge. I am learning a lot every week, and it's comforting to know that I have plenty of time to study at my own pace now that I am a lifetime member. I started watching Tim Grittani's "Trading Tickers" this week. The first part was so helpful. I love that he went over how he had issues with emotional trading at first too. He is so relatable, and I find myself enjoying the DVD so much that I am amazed when a couple of hours have passed. When I first started watching the DVD, I was daunted by the 28 hour runtime. Now it doesn't seem too bad, haha!
I have been enjoying Mark Croock's Evolved Trader service as well. I made over $230 conservatively following him on alerts the past two weeks. I have been keeping my positions small because I am learning how to make those types of trades.
I am feeling major guilt for following someone into a trade, which is a BIG NO-NO!! I haven't entered the trades blindly though. I always check the chart, the catalyst, and the price action before I do. There were a couple of alerts that I didn't follow because I didn't feel right about them. I had one where I missed out, and another where I was right.
I followed him into a call options trade on a mask play, $APT, which was a disaster. I held it over the weekend, and noticed weakness after hours on Friday. I worried about it the whole weekend, and sure enough the stock fell on Monday. I was down over $200, but I made myself wait until I could sell into strength, so my actual loss was $150. It sapped me of my will to trade for the day, so I didn't hop into the $GLD option trade alert made later that morning. I watched it, but I didn't see any movement. I told myself I would buy the next morning if I felt right about it. I must have still been feeling the pain the next day, because I had the chance to buy $GLD calls at $0.50 at open and I didn't pull the trigger. Luckily I didn't, because nothing happened. I think working on my emotions is going to be the hardest part of this learning experience for me. I guess it's better than being overly aggressive, though. At least it will be easier for me to protect my account from blowing up!
I wouldn't be surprised if you are Tim's first woman millionaire student...unless he already has one.
@Bullionaire Thank you so much for saying that! I've had a bad week. Thank you for making me smile! :) At this point, my goal is to be profitable, but it would be quite the accomplishment to make top student. Thank you for the encouragement.
YW. You are really taking your studying seriously. As Tim says, first you get the knowledge, and then you get the money. I am in a practice account because it takes a great number of trades to figure out the finer points in trading. We are all like babies stumbling around for a while while we learn to walk and then run. Surgeons don't just pick up a knife and start operations. They train first. You are doing what you need to do to succeed. Keep up the good work.
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