Unless you are holding a winning position overnight.. lol
After closing up MY FIRST TRADING MONTH I feel very matured lol I've lost almost all of what I started with but what I've learned and the track I'm on outweighs my losses. Most of my loss is because Ive been trading with such a small account, trading commissions on ToS have been killing me.
Overall I feel very confident that I'm in the right places now. I've learned that I feel pressured to make a successful trade right away and I should give my trades more time to earn me money. Instead of looking for a quick in-n-out play I should stay focused on the very solid plays that need time, like a day or two to fully develop into a 10%+ winner.
I was on the heels of $SALT for example. I had it on my watch list, decided to exit a losing position to try my hand in $SALT. I bought in not too long after the open, held it for maybe an hour. It was going against me and at this point I was frustrated a bit and decide to cut my losses before any more damage could occur. Well I check it later on near the close AND IT WAS UP 20%! 23% the next day.. I was kicking myself all day.. This happened to me also with $TROV but for about 10%.
I'm not discouraged at all because of my account results.After my first month actively trading I can say that I finally have found something that correlates to my life and the type of person I am. I know I'm on the verge of turning my account from red to green. More practice, learning, and work is required but I know I have been developing the right habits needed.
Thanks to Tim Sykes and Company
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