I became a challenge student back in October 2015. I figured I would follow Tim Alerts. Long story short after a month or so I was down a couple grand. I have been at the market open and in the chat room every morning 99% of the time paper trading. The problem with paper trading is that is doesn't give you the psychological aspect of trading with real money. You know like watching every tick of every minute that goes by that seems like eternity. Its easy to leave the computer when your in for x and come back and its at x and your like. I'm a genius!!! When you know you would of been out more than likely on a down tick. I have watched all the DVD's and Video lessons that have been made since October 2015. I feel that I know a ton more than when I first started trading.
I think $BCEI is overextended and the first red day so I think a morning panic is in order.
@timothysykes tim preach! its all about finding my groove. i followed your alerts and other chatroom hype with no solid plan of my own. my only 3 profitable trades were done when i did my own research (GRPN (2015), LGCY, ORIG).
I try not to mirror trade as Tim says... I lost on taking some of his alerts BUT I also won BIG with tickers found in the chat... when oil was starting its first rally
Stock movement is usually based on illogical factors. One of them is "hype". The alerts, chat and stocktwits can often get you in a good spot because you need volatility to make money and hype produces that. On the flip side if you are chasing it is usually bad.
Did the same thing following Tim's alerts and a few days I made money but most of the time I lost til finally he made a video literally saying dont follow his alerts, sometimes by the time he alerts its too late. Lesson learned and now I'm a bit more profitable,
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