So I started trading in Oct, 2014. I quickly found that it wasnt going to be as easy at some people make it seem. I wanted to become a millionaire over night! I had no strategy and only 750 bucks to play with. I quickly lost roughly 530 buck in a few months. I believe my main mistake was not having a startegy, because i didnt I was misinterpreting everything, I would buy at the top short at the bottom.. constantly chasing stocks. Ended up getting frustrated and going on "tilt" as poker players would say, lost the majority of my money going long and shorting $VGGL and $MAGS. Luckily I realized right before i blew up completely that I needed to stop, sit back learn a startegy and focus on being a better trader if i plan on making this a life long journey.

 

So the plan:

 

1. At first to trade with small size only 100 shares, no more 400 shares so that way I can have this one trade pay for ALLL my loses.
2. Trade like a sniper. Only trade the best set ups that I recognize, feel confortable with and have a good r/r.
3. No more chasing trades. there WILL be another trade to play tomorrow and the only way youll be there tomorrow is by playing smart and getting the best entries.
4. TAKE PROFITS.. so many times I had a nice .30 profit and id watch it creep away from me cus it was only a measly $30.. I mean how do I get rich $30 at a time???... easy lol if i can lose $522 in 2 months $20, 30, 50 at a time then i can gain that aswell.

 

 

By the way I SUCK at grammar and the other half is im lazy lol. so please dont judge me on my grammar and puncuation skills. theres a reason I didnt go to college and hope trading will give me the living I need. :] Thanks guys have a good one.