As you can see, 0 trades 0 profit. Why even read my blog post? Well I am writing this because I have been trying to develop this new strategy that has worked with past charts and if it works like I plan then there can be some possible setups for next week. Again, don't solely base this post off of buying or not. 

My Story

Hello I am Karson and I am 14 years old. So all of this started from when I was broke and wanted money. I looked up on youtube "how to make money". Boy was I stupid. I went through so many different scammers and fake websites. I joined this app called fiverr which you can sell services for $5 and I thought I would be good or have fun with this and make some money. The problem was I had no services I could do. I used to play video games a lot and the only other thing I do is sports. What the heck am I going to do?! So I was researching online and thought I can make apps and websites for other people!! I was thinking to myself okay cool idea this will be awesome and I'll be making money and having fun. So I went to khan academy, tree house, and youtube videos to learn html and css. The only problem with this for me was, this was so boring!!! Sitting at a screen just typing all day. I rather pay someone money than to have to do that!!! After that I needed another idea. I was thinking that I could go to garage sales, estate sales, and yard sales, buy things, and then flip them on Ebay and make money. I went to one garage sale and made $50. I was really excited but I just didn't have the feeling of joy. I mean, of course I was happy making money but I wasn't having any fun at all. So, I went to more research and heard about stocks. The concept of this first confused me, so I watched some nooby videos on youtube to get the idea. From this moment I knew I would love this. The thing about stocks isn't making money. Money is great of course, but for me I don't do this for the money I do it for the joy. It's fun for me to read stock books, study charts, and go through all of a companies recent 8k's, 10q's, and 10k's. I love reading through 30-50 pages of just plain up text. This is fun for me!! I read all the sec files and then look through as many analyst reports as possible. This stuff is all fun to me because it is like educated gambling. I am not a lucky person at all. I love to research a company, determine if they are good or not, analyze charts, etc. The best thing about this is the feeling when you are right. It feels so rewarding and you feel so awesome about it no matter how much money you made from it. So for a month and a few weeks now I have been going hardcore on this studying, reading, watching videos. I went to Tim's top 20 recommended books and picked 6 of the books that I liked best. I can't wait to read all of them and the books that have shipped, have been read already!! I would also like to say that I didn't get the dvds because of my limited amount of money but most of you are able to get a job or have money. Invest in his DVDs!!!! I mean seriously, I have seen so many other gurus and he is the best and his pricing is so cheap. Look at the other people on profit.ly and you notice how there prices are double Tim's yet he makes more and wins more than them. He is a smart mofo and knows what he is doing. When I first found Tim on youtube I thought, oh god.... another person who claims he is a millionare. I watched his videos and couldn't believe it. He is so experienced and intelligent. Okay sorry about that, I got a bit off of topic haha but really I mean all of this. Don't be stupid buy all of his dvds. They are undervalued. That's what you look for in a stock sometimes. Is it undervalued. These dvds and his memberships are so undervalued so why don't you buy these instead. I mean this is easier to tell it's undervalued than a fricking stock so get it now. Okay, went off topic again, sorry. Okay so yeah I have been going hard researching and such doing everything I can, looking for strategies and things that I can use and following Tim's videos and trying to learn from him as much as possible. I only have this membership until the 30th unless I can use my brain and make some good trades here so I am heading into next week and going hard, sticking with what I know will happen and not letting my emotions take over me if the stock price goes down 0.4% lol. I am only a member for the 30th because I have to cancel because I can't afford it and don't get me wrong, Tim's memberships are very very very cheap I just can't afford it financially and if you can then don't be stupid and just buy all of the dvds now. Don't be lazy and work hard.

My strategy I am currently testing

This is in beta. I am relatively new to the stock market so don't hate if i'm wrong or do bad, I am just saying what I think based on the way I think and what I know. The strategy is somewhat hard to explain but I believe you will all understand it. What I look for is an intersection of the 50-MA (moving average). It has to be intersecting with the stock price. There are rules though of course. The stock price must show and uptrend this is VERY important. The line for the 50-MA must also be either even going sideways or going upwards when it hits. After that, look for a support and resistance line. You want to make sure it is not to close to the resistance so that a nice small profit is still possible. You then want to check the liquidity and the volume. This is relatively important but just depends. The more volume the faster it can change either up or down. In this case, more volume is better. Then you don't be lazy and you go through the SEC files of the company and make sure that they are not about to plummet any time this month. That obviously is important. If you are lazy, then just look at an analyst report but if they recommend to buy or sell either way who cares. So you did all of that and the perfect setup just happened and you buy it. When do you sell it?! You have two choices, sell when you think they won't go any higher and take a profit and be happy with that or wait for it to reintersect with the 50-MA line again. These trades mostly are short term but not all of them can be in a day. Most are a few days or like 3 weeks max. Follow the news. If good news happens, great, but if bad news happen and you think it may gap down then gtfo before it does. This is also another reason why you look at a little bit of the fundamentals.

Another Thing about the strategy

First off, I am not saying this strategy to in any way demote someones strategy or Tim's. I am what you call a noob. The only reason I am trying this is because I need to make any sort of return for my dad to trust me then I may use this everyonce in a while but then I will go to Tim's BEASTMODE strategy. This is kind of like a conservative-ish way to go if you want to ever  try it but I don't want anyone to get mad at me for this I am saying this and took the time to put all of this together to possibly help someone out idk if it will work but most past charts show it worked so I took the time to make this to help anyone because we are a family here and a team and I want to contribute back and try to help our community. 

My possible trades this week

$VDSI

VDSI has been on my watchlist for a while now. I paper traded this at 28 and it went to 34 today. Would have been a nice and easy 20% profit. Sadly, I have no balls so I made no money but oh well. I inspected this company and if it can drop to 32 or below next week buy it because I am posotive it will come back to 34 and possibly hit 35. 

$PLX

The reason for this was because it hit the perfect setup for that strategy at 2.11 and now is at 2.14 but looking for a gain next week.

$ANTH 

This all of you know about already probably. It had a loss today which is nice. I will buy this next week at $9 unless it keeps dropping then I will wait for a pullback and buy it then.

$NCT 

Also a setup for the strategy so take a look at that one.

$INUV

I believe it may do one of two things. It is right near the top of the resistance and even breaking it. Like Tim taught me, a stock like this that holds up on a high on the end of the day will most likely continue the next day so if it opens monday morning when market opens and there is a lot of buying action, I will buy. If it opens and goes down (which I don't think but who knows) then look for the triple bottom chart pattern which can be confirmed with selling volume and a big drop but I like option one because it seems more likely to happen and I think Tim is with the first idea also. 

 

My Disclaimer

I am still a market noob. Don't take anything I use and base it off of buying or not. I'm here to help and wanted to introduce my self and say some of my thoughts. My strategy might be trash also even though I think it will work but who knows. Remember listen to what other have to say, but never base any of your decisions solely off of someone else's thoughts but use them to help you. Oh also there may be some things that make no sense or typos but so many thoughts came to me sorry about that.

You Guys Are Awesome I'll Miss You and Be Back In The Near Future Hopefully