Starting after "Labor Day". 4,000$ account at IB, I am not a US resident so I'm not obligated by the PDT Rule. I will post my trades and watch lists on Profit.ly so feel free to comment your opinion is well appreciated.

After 6 weeks of paper trading and studying most of the video lessons on silver subscription (I will finish watching all of them in a few weeks), PennyStocking Part Deux, TIMfundamentals Part Duex and now watching Pennystocking Framework. About time to get shit done!

Few guidelines for real account:

·         Executions. Especially for OTC's.

·         2.5$ shorting rule for under 25k accounts.

·         Shorts borrows availability.

Patterns

Strong and continue to improve:

·         Buying breakouts based on a catalyst.

·         Short overextended stocks.

·         Low float momentum plays.

Weak and need to improve rapidly:

·         Dip buy in general.

·         Dip buy huge panics in particular.

·         Overnight position.

Paper trade summery :

·         Always structure and form a thesis to every trade. It helps to firm the discipline mechanism. As long as I'm discipline I never lose I only learn and improve for the next trade.

·         R/R ratio! Stay true to myself and to the price action, don’t cut your risk in order to be more rewarded. Risk is risk! It is a very clear level the reward is the speculation. So stick to the fact first and if the speculation not good, let the trade go.

·         Scaling. Into a trade and out will need more practice and experience and I will improve it over time I just need to gain more confident.

Main Goal

 

Fund my way throw trading into Tim's Millionaire Challenge.