I want to wish everyone a happy new year.
I got started as a trader in April 2017. I was a long term investor since 2013. I watched Trading Tickers in April, and that put me on the right path as I studied at my own pace the strategies of Tim Sykes & Superman.
I still work full time as a CPA. I'm not necessarily expecting to get exponential growth like some of these outliers in 2018, but I'm hoping to just take it a day at a time and continue to improve. The longer term goal is to go full time.
In 2018, I want to just have better swing trades, have more consistency, and also to get good at shorting. The majority of my trades are long.
I hope my profits & posts, details about my trades, continue to inspire and help other traders. You don't need to do this full time to be profitable.
I have a lot to learn, but I'm satisfied with my progress thus far. The fear of executing trades has gone away as long as my size is in check - that is the biggest factor. The fear of volatility is gone. I embrace the volatility now. And I embrace losses as part of the game.
The volatility in my profitly chart has been going away thus far as well - i had the hardest time cutting losses, but the past 2 months have been OK.
Looking forward to 2018.
@Torkers It is the ONLY strategy I use for day trading. And I do it with my phone. Usually with stocks I already know - not scanning for new ones everyday so they're not going to be as volatile as a pump and dump. But you can estimate the percentage drop intraday and set a buy near a round no. if the stock exhibits weakness daily in the morning.
@MK1996 Yes - Dux has mentioned in his interview with Sykes that he has had like a 90%+ win rate with dip buys. It is a higher probability setup. I would say shorting pumps has the potential for much more profits, but dip buying is one of the best patterns for day trading long.
@thomasKlegend thats soinds just amazing. Im having a rough 1 year - i have studied alot and dedicate all of my free time to trading And IT has not been working to well. My biggest problem is not cutting losses - i hold And hope way too kong And end up with massive losses insted of small ones. 4 weeks ago i really thought i had turned it around - i was down to 1600 $ on my account And then suddenly i felt like everything clicked. I had like 30 trades in a row with profits And made 4500 $ on litt
Nice to see people on here actually making some profits. Great job
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