FIRST AND FOREMOST, IT'S LONG - MY BAD YO.
This is my first post so please excuse any errors.
I've always been interested in buying and selling but never really took to it. In 2010/2011 on my first deployment with the military, a friend intrigued me with his profits on apple stocks he had purchased a long long time ago. After my work day, I went to the chow hall and was getting some food before bed and the world news was playing, it was playing coverage on the tokyo power nuclear meltdown specifically. Having been worn out but still very interested in learning to trade, i checked it out for a day or two, inevitably buying a bunch of stocks at what i thought was the bottoming out of a recovering tragedy. I was wrong. I watched my money dwindle away as the meltdown got worse, and the stocks right along with it. I forgot about it, took it as a loss and left the stock market alone for a while. A couple of months later it was on the world news again as completely under control and being rebuilt, this sparked my immediate attention and i ran back to my bunk and checked. I had made 30,000 dollars on a 1000 dollar investment. I was ecstatic and sold immediately, learning the close brush with financial failure was enough, even if i lost out on what would have been over 100 thousand profit.
Cut to 3 weeks ago. I downloaded Tim's book "american hedge fund" which sparked my interest again. I spent a week reading book after book on market analytics, pattern analysis, fundamentals, strategies and all around general information. Then i came home off the road(im a truck driver now) and i began messing around. I set a goal for myself of 20$ profit for each day i partake in trading. With no idea how to get there, i googled tim sykes and ended up here. I tried the STT program, wasn't in love with the price considering my small goal, and tried my hand at a mixture of market patterns versus human behavior patterns on stocks that i had successfully predicted multiple movements. At first it was just procrastination, avoiding the inevitable of paying for the lessons on profit.ly, but I think i may have stumbled on something worthwhile - at least for me. While i still plan to (eventually) subscribe and go through lesson after lesson until i've mastered everything the guru's have to offer, I think I'll continue what im doing for the moment. Below is a breakdown of my first 6 trade days.
P.S. I use free programs, i'm not greedy and i'm not expecting success - only hoping. I use Robinhood on my iphone for transactions(because it's free), as well as Stock master, stockstracker, screener pro, stockscreener, marketsim, and last but most importantly profit.ly.
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5/22/17 - opened Robinhood with $1000
GLYC - Was full of hot and heavy talks between people on all group analytic websites and programs i use, and the volatility and liquidity made it VERY easy to partake.
1 - Market buy 10 shares @ $11.63. total investment $116.30
this was my first trade after reading tim's book, i believe i was thinking i saw a pattern, didn't succed.
2 - Market buy (another) 5 shares @ $11.56. total investment $57.80. total invested so far is $174.10 for 15 shares, or an average of $11.606 per share. The idea here was that i didn't want to cut my losses yet, and it proved to be a smart decision.
3 - Limit sell 15 shares @ $11.91. total proceeds $178.65 for a profit of $4.55 over all. It was at this time that i realized i may be able to make a living off of this. I knew i started on a stock that was a bit expensive for my taste, but i was blind to all that was available. This immediate profitability felt great at first, but hurt me later that day.
*A few hours passed by and I got antsy, I was excited to succeed and it got the best of me, that i'll admit.*
SORL - This was also a stock that EVERYONE was talking about, both good and bad. but a week earlier i had read a book that warned me not to listen to other people's "intentions" because in this game either they'll profit or I will, and I was going to try my best at getting one up.
1. Market buy 10 shares @ $8.86. total investment $88.60. This stock was my first reality check. I thought i saw some pattern that was going to run this through over $9 and I'd be able to make a quick profit. I was wrong.
2. Market sell 10 shares @ $8.47. total proceeds $84.70 for a loss of $3.90. This was it. This was the proof of the "other people's intentions" theory. I cut my losses after waiting and waiting, not losing much, but hurting the whole time. To this day, i still watch this stock to try and figure out the pattern behind the stock vs social trends. It confuses me, but thankfully it also reminds me to stay humble. When/if i take the lessons, it may provide the knowledge i seek, but until then I'll continue watching.
*I should have stopped here, but i didnt. 5/22 was my "crawl" phase in the great crawl, walk, run game we call trading.*
GLYC - AGAIN?! I know, should have left good enough as it was. I didn't and I learned.
1. Market buy 17 shares @ $11.66. total investment $198.22. I got trapped in a greedy mindset and wanted to ride a bounce that i thought was comming. It didn't.
2. Market sell 17 shares @ $10.93. total proceeds $185.81 for a loss of $12.41. I leanred and I'm still salty about it, leave me be.
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5/30/17 - My second trading day. *ReVeNgE*
GLYC - I know what you're thinking, but you're wrong. I watched, and watched, and watched, and watched. This monster was not going to best me again, i will gain victory.
1. Market buy 20 shares @ $13.30. total investment $266.00. After watching the market vs social trends for a few days i managed to find a pattern that was showing 80% prediction success, and i used it.
2. Limit sell 20 shares @ $13.60. total proceeds $272.00 for a profit of $6.00. To the victor go the spoils. this pattern was mine.
At the end of the day, during after hours, i added 50$ to my account on a typo, i meant to add 500 and was glad i didnt, as i didn't need to gamble that much.
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6/1/17 - My third trading day. *lucky#3*
GLYC - Who wouldn't take advantage of a pattern that nobody else was using? This stock is the apple of my eye and i was going to make the most of it.
1. Market buy 20 shares @ $12.77. total investment $255.40. I may have gotten in to early, but thanks to tim's many many examples in his book, i knew was to do.
2. Limit buy (another)20 shares @ $12.65. total investment $253.00. total invested so far $508.40. Tim's book is riddled with what must be dozens of times where he bought more shares to lower his average cost. i knew my pattern would pull through, but the morning freak out was getting the best of me.
3. Limit buy (another)40 shares @ $12.50. total investment $500.00. total invested so far $1008.40. I dont remember exactly but i think this was where it hit support after the morning freak out. It was a valuable lesson for me, and because i also study the human behavior on all of the tool platforms, I got my first "eyes on" experience of a morning freak out to the fullest potential.
**this part killed me. I think i spent the better part of the day waiting and waiting. just watching this stock go higher and higher. it went past my last buy-in. it even went past my second buy-in. hell, it went all the way past my first buy-in. it was at this point that i knew trading was no longer an option, i had predicted prior to market open that the stock was ultimately going to go higher - AND IT DID. I could have been greedy and went long and made more money but i learned from tims mistakes - greed is the enemy - set a goal and be happy with the achievement**
4. Limit sell 80 shares @ $12.95. total proceeds $1036.00 for a profit of $27.60. TAKE THAT GLYC.
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6/5/17 - My fourth day trading. *Creature of habit*
GLYC - This is getting old right? yup. but there's a reason. the profits are still there! i think that by this time, glyc had pretty much fallen off the daily posts on dashboard, but i may be wrong. there were a few of you still watching it and trading.
1. Limit buy 80 shares @ $11.07. total investment $885.60. it became more affordable, and if anything could be better, it became more volatile. the social trends picked up VERY heavily even though it was slowly disappearing from profitly dashboard. Aside from profitly posters lacking this stock, it was still under a heavy spotlight with loads and loads of profits to be made.
2. Limit buy another 17 shares @$10.90. total investment $1070.90. Oh boy this was my first shaking moment. I knew what was coming. the prices were going down, but why!? after watching it drop more and more, i was looking past each of the following bounces. 10.90 was when i finally realized what was happening. the bears were in and this was the most clear visual of a short trade pattern that i could ever imagine. I bought the dip, and a GREAT squeeze followed. sorry y'all :)
3. Limit sell 97 shares @ $11.75. total proceeds $1139.75 for a profit of $68.85. Could you imagine my excitement? Social vs. Market trends is my gravy.
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6/7/17 - My fifth day trading. *Bigger and better things*
LINU - Some social buzz hit LINU that would surely make me some money, but with little to no research i wasn't likely to succeed. I applied social vs market trends and it didnt offer me much predictability so i stepped away for a while. I came back a couple of hours later, in mid conversation with a friend, about my successes over the week, and seen the play actions. The volatility was through the roof, the liquidity surely to follow. People were talking about this stock more than anything it seemed. It was my time to go, and I showed my friend how it's done.
1. Limit buy 2,000 shares @ $0.47. total investment $940.00. This may have been a bit early, but i wasn't wrong on my prediction, i just needed to lower my average and have some patience. (With my friend watching as i lose money, I was fighting the urge of breaking his nose as he laughed.)
2. Market buy (another)400 shares @ $0.462. total investment $184.80. total invested so far $1124.80 for 2400 shares(avg of 0.4686). this would have to do it, as i was fully vested.
3. Market Sell 2400 shares @ $0.4916. total proceeds $1179.84 for a profit of $55.04. not too shabby for trading a stock with no research and my friend immediately apologized and congratulated me. yay :)
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6/8/17 - My sixth day trading. *progression*
DRWI - This stock hit the social trends right on queue with little research this morning, this stock was on the watchlist of everyone every where. i decided early on i would invest smaller and try my hand at a long term investment, holding it over the weekend and trying to sell monday either for a good profit or a small loss. either way, i would gain the experience of weekend holds and that alone is a profit in my eyes.
1. Limit buy 100 shares @ $1.23. total investment $123.00. not too bad, or so i thought. it immediately dumped, and all day up to the start of writing this post, hasn't shown bounce back.
2. Limit buy 100 shares @ $1.20. total investment $120.00. total invested so far $243.00. I tried lowering my average on what was SUPPOSED to hit support(never really did) and begin a bounce. It'll be my weekend hold as I've hit my pdt limits on robinhood, but reguardless of the loss, im still very heavily interested in what this will do after hours and over the weekend.
DCTH - This was a true money maker today. If you didnt partake, you should have - and if you DID partake, you likely got out too early. I dont blame you, i did too. this thing started the day with some heavy social fire underneath of it, but grew beyond what words could explain(short buy backs i think).
1. Limit buy 28,000 shares @ $0.034. total investment $952.00. well worth it at the time showed NO reason to fall given the amount of short action/reaction happening, shame i sold so early.
2. Limit sell 28,000 shares @ $0.039. total proceeds $1092.00 fr a profit of $140.00. my first 3 digit profit. BOOYAH.
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Thanks man. More to come
Doin alright. The hardest lesson for me is: don't get greedy. Smart gamblers win and leave, dumb gamblers win and give it all back.
Thanks man. Yeah, greed is definitely an issue. I feel like greed isn't my personal biggest issue though. I think my biggest issue is being stubborn and trying to get revenge on a stock lol
When I have a loss I need to take it as a loss and move on unless the market shows better plays. I've gotten lucky and forced a profit with patience on stubborn trades a couple of times but I feel that will ultimately fail me.
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