During my first week of trading since starting the challenge I was able to grow my account by $915. with my biggest gains being on a short from $GSUM that net'd me $750. Biggest loss was on a long trade with $CHEK of ($539).
I think that my best trades this week were $GSUM and $FUSZ. $GSUM because I was able to identify and take advantage of a breakdown to short, $FUSZ because I was able to buy the dip and take small gains.
Biggest Lessons: Stick to the rules and lessons, don't chase loses, cut loses to prevent larger losses. Don't force trades, you don't have to trade everyday; wait for the right moment, stick to your plan.
Overall I feel that this was a good; had its high's and low's. but by sticking to the Tim's lessons and staying aware of them and my habits, I am able to minimize risk/loses with identifying patterns to trade. I did get caught in the PDT rule and had to move additional funds to my brokerage account to get me out of the rule.
Awesome! Keep at it.
Join now or log in to leave a comment