Man routinely doing these logs are difficult, but they do help. I am now going to log my progress also even on the days or weeks i did not make any trades. I log the new things that i learned about. Today i found out about iceberg orders aka hidden buyers or sellers, and prop bidding. Iceberg orders is an order thats showing less size than there actually is for sale, example size shows 1000 at 2.50 but way more shares has been sold at 2.50 than 1000 but the size stayed the same( you get this info on the time and sales). Prop bidding is seeing a big order right outside the going price ( its just to manipulate prices and that order is not meant to trigger if price gets close it will vanish). Buy near Support and take some profit off near resistance. Build good habits first while i learn and lose little, better than establish bad habits that pays but in the long run could wipe out months or years of gains.
Aug 28 - INSY this was a trade i should have taken, its a first day announcement and it showed there is a reaction to the news i had a plan but i lacked conviction, but i did learn that you should sell near resistance because thats how safe and consistent profits should be taken. I am proud of myself for not chasing the price even though i missed my entry. My mindset is in a much better place than when i first started, even though at times when im not doing well i begin to doubt if ill ever make it, but this is something that i really want and if i invest my time and effort it will pay out. The performance of a trade is not profit, but having conviction in your process and that ensuring your process bring you consistent results.
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