Saturday week study:
Finding my self over trading this past week, trying to recoup losses from a previous trade which is not good to do.
Cant wait until monday to start on a clean slate and kill it, for now on not setting any money or percent goals and just follow the trend, if i get a 500% trade perfect, but if it shows any signs of weakness along the way i will be out if it breaks my set support level.
I have taken heavy losses but i am at least learning that emotions have no place in trading (easier said than done)
Only going to focus on multiday breakouts and morning dip buys for now, trying to focus on too many set ups is just leading to confusion and usually losses.
As of now i have positions in $IBIO and $COCP, cocp spiked big right after hours on news and looking for continuation on monday, possibly going to go full super nova if virus is getting worse. ibio is going to be a huge swing play that i am in heavy, with any sort of news from this company could be bigger than $INO because of their ties to DARPA and funding.
Lets have a good week next week and end up in the green!
This last week was my first week trading and I took too many trades as well/ I came out okay overall, but it could have been a stellar week if I hadn't taken some of the trades I did. I also can't help but feel I lucked out on some of the others. As long as we are learning and adhering to rules I think we can make strides improving.
Read my 3 blogs https://profit.ly/user/Raylbc27/blog
@Raylbc27 They were good reads. I don't subscribe to the video lessons currently. I just can't afford to add another $75 on top of chat room access and watchlist. I don't attempt to mimic his trades though. What I like to do is import his watchlist into ToS AFTER I put together a watchlist myself. Any common stocks between the two feel like winners. I run scans casually in free time during the weekend, and I have pre-market scans for the 2-3 hours I'm up before market opens. I am currently profi
Sorry, I typed a book. To finish, I am currently profitable. I think its dumb luck though. I have a ton more to learn, and I need to get better at adhering to the rules I've put in place.
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