Time flys - already 3 months in the challenge.

 

Slow study month for me as the spring and summertime is so extreme hectic for me at work - I work about 14-16 hours each day but still get 2-3 hours of studying almost everyday - sometimes less and sometimes more.

Im still struggling with my trading - still overtrading and Im unfortunatly still doing the same stupid mistakes.

Status of April:

87 Trades - 15 less trades than in March so im slowly starting to not overtrade so much

2811,26 dollars in total loss of trading - divided by 2028.82 loss on the trading and the rest in commison and trade fees.

The positive is that i lost 62,21 dollars less in April compared to March but anyways that is real real bad .

I really fucked up again this month on $AUPH - just got so god dam greedy.

I bought 200 shares at 7.03 and added 1100 shares at 7.71 and saw the stock rise up to 7.88 before tanking - it tried a couple of times but I didnt take profits. 

Ended up having a couple of morniing spikes the days after were i could have sold for a 300 dollar loss but ended up holding because I belived it would be hyped up regards to the Healthcare conference -wich it did - So good to be correct but one more time I ended up being greedy as i watched the stock go all the way to 7.98 but couldnt break the resistanse and tanked.

So this goes along a whole lot of trades that I could have taken profits but end up taking big losses instead wich I have to stop doing.

Because of my real tight scheduale I have just concentraded on $AUPH for the last weeks as I just haven't had the time to be focusing on other plays. 

What I am noticing regards to my losses is that im often on the right track but having struggle with my timing - Im always in a day or two early when the stocks have news etc and I just have to start trading the action instead of trying to be early - this is something I've had problems with through my journey.

Im continuing to watch the DVDS and im watching all the webinars and new videos being added to try and learn something everyday. 

Focus for May will be to trade less and smarter and start my way of becoming profitable - Im gonna start doing smaller positions until i truly get the hang of this.

I want it so bad - really really want to become a profitable trader and thats why im risking alot in the trades I do but have to reduce my positions so I don't lose as much as I have done in the past.

GL to all - study hard and nail the market!