TradingKnight

Swung a papertrade over the weekend, ZH. In Friday just before market close at $1.35 (2,500 shares), out at market open this morning (Monday) at $1.66. Even though it was a .31 gain ($775), it was not a good trade since there was no news. I only looked at price action and not catalyst. After I thought about it Friday I looked and couldn't find a catalyst. Still developing habits. This morning I watched Pre-Market Prep and Bohen said his #1 was XPEV. I was more confident in EH, but missed my entry ($6.60). I didn't chase it but did watch it go. I probably would have gotten out aroung $7.20 for a 60 cent profit. It is currently at $7.54... I can trust what I see...and be ready to cut losses quickly if I am wrong.

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TradingKnight

Traded ARDX, from a cup & handle pattern on the intraday chart. Found it as a % gainer and it has news. In at $1.76 & out at $1.775 after it failed to continue up. Getting better at pulling the trigger when the price turns against me. At this moment it is trading around $1.75. I have been reviewing Sykes' How to Make Millions and Spikabilty DVD's, some video lessons, and youtube videos...and will continue studying.... I will get there.

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TradingKnight

My paper trades this morning: EFSH - Bought 1,000 shares at $3.20, it looked like it was stalling so I sold at $3.22 for a 2 cent/share profit ($20). Then I bought on what looked like a dip, in at $3.07 and out at $3.25 for a 18 cent/share profit ($180) when it looked like it was stalling again. About 1 1/2 hrs later it made a nice dip to $2.71 & bounced to $3.12. It then consolidated and faded into the close. $SWN - Earnings. Screwed up and chased. In at $6.96 (617 shares) cut losses at $6.91 (-$30.85). I thought it dipped & got in at $6.87 (630 shares), then added another 630 shares at $6.83 thinking it would bounce. Cut losses at $6.80 for a loss of 5 cents per share (-$63). I am getting better at cutting losses faster, but I shouldn't double down. Another I was watching was $DAIO (earnings). I was watching for a breakout above $3.90, but something came up and I had to leave. It did breakout at 11am, touched back down at $3.90 at 11:25 then went to $4.11 noon and went as high at $4.14. Just before closing it dropped to $3.96 and closed at $4.03. Another one I was watching was GETY, but I couldn't find anything on it so I decided to not trade it. It opened at $5.05, went as high as $7.55, and closed decent at $6.8471 and seems to be holding it's gains through after hours. Maybe it was a pump? I would have been better trading this one. I think I would have gotten executed about $5.25 and would have gotten out around $6.00. Maybe I'm over thinking about the catalyst. I am continuing to study DVD's & video lessons - particularly many I found on youtube. Over the past few weeks I realized my mindset was wrong. It was more about replacing my income. Now it is more "keep my account alive." Due to my schedule, it looks like it will be three weeks before I can trade again...so I'll be studying when I have a signal. Overall gain today of $106.15 (paper trading). If I can continue being profitable paper trading, then I will begin trading with real money after the first of the year. I am using paper trading to develop my habits into better habits.

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TradingKnight

My paper trades this morning. GOEV - I failed to notice that it wasn't basing at a key level. Should not have made this trade. Did cut losses quickly! $20 loss (2 cents/share) RMED - Should have waited for a significant drop. But, I did react quickly watching Level 2. $20 profit (4 cents per share) AVCT - Should have waited for pullback, at least to $2.56 on first trade, which would have eliminated the second trade (which was good, and would have made the first trade better had I waited for pullback). 1st trade: $35 loss (7 cents per share) 2nd trade: $70 profit (14 cents per share). Note: Stock topped at $2.82, then immediately crashed to $1.81, with a small bounce to 1.97.

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TradingKnight

I have gone back to studying and paper-trading to test. I have changed my mindset from "making money" to "keep my account alive," thanks to one of the many videos of Tim Sykes & associates wherein that was stated. I wish I could remember who it was who said it. I am going to try to use this wall as a journal, as Sykes recommends, for my paper-trades until I begin actual trading again. Being a trucker with irregular routes, it is rare that I have wifi. I have to rely on my phone for now. I have started taking screen shots and writing my notes on them, I will see if there is a way to post them on my wall here as part of my journal.

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