I seem to have fallen into the pattern of dip buying into the close of high sentiment stocks and holding over night, then selling into the morning spike.  This seems to work for me, although I have made many mistakes along the way.  Due to having a small number of trades (29), I am proud of my 79% success rate.  I imagine it will go down, as it should, with the number of trades increasing.

Key is risk should be 5:1, 4:1, 3:1, 2:1, but get the hell out of the stock if it goes South on you!  

So far I have not made the 5, 4, or even 3 to 1 risk reward yet, but i am taking profits when they happen and getting out of the stock as volume drops and prices follow.  I am happy my losses have been minimal due to becoming more disciplined.  This is thanks in part to earlier losses that are teaching me to be disciplined.

This has been working for the cannabis stocks as there is a lot of positive sentiment in the market for them.  Here are my most recent earnings from my spread sheet.  All of my trades are verified via TDAmeritrade and can be seen in my trades.  

Please note, I am new to this whole game and am loving every minute of it and have grown my $18K account to $21K in the last month.  I have not risked a lot, nor have I won a lot, but the consistency of wins is paying off.  I plan to increase that in the coming months as I get better at this.  

So far, I have one pattern down, and look forward to learning new patterns based upon all the video lessons Tim is providing.  My $3K profits are 100% due to Tim's advise.  Thank you Tim!

 

 

Safe trading my friends and may you learn and prosper!

Your Friend, 

Applec0re