Morning Paper Trade:

Completed my watchlist last night and two picks lined up with TimS ETII and KODK - i had both as potential dip buys into some panic. I ended up not playing either of them but ETII dipped and spiked and KODK made a great move also.

I came across KGKG and GLBS due to TimS - interestingly enough I had GLBS on a watchlist a few weeks back as well as KGKG so I was happy to look at both.

Same problem as before - I cannot get executed on some of these trades. It really is super frustrating. Went to dip buy KGKG @ 0.0894 just after market open and it went up as far as 0.0958. GLBS (same story) dip buying @ 9.30 and 9.17. Couldnt get in at 9.30 and 2 mins later at 9.17. Very choppy but it went upto 10.20.

I then set my sights on EYEG because although a little down from the open it was showing support in Level II @ 0.4403 and I got in @ 0.4405 with 2250 shares. It dipped a little straight after and my intention was to sit on it for a little while. I wanted to make 10% - tried getting out numerous times but couldn't and then all of a sudden the stock started to pop. Went all the way to of 0.58 and began to consolidate. I had desperately tried to exit with my 10% gain. I was sticking to the plan but for some reason even paper trading I am having difficulty getting executed. Anyway this time it worked to my advantage with me getting out at 0.55 making 25% gain today. I was just lucky i got executed during a consolidation period - I would have hated to have lost out on the way back down. Although it did just dip above my 10% range so not too bad.

 

Summary of this morning's trading: I am glad I am seeing good entries when Im trying to trade and I am also trying to stick to my plan whilst in a trade. I think too I should have more faith in my watchlist also especially if it lines up with TimS. I tend to panic and start adding all of his watchlist into my own and then it's panic stations.

KGKG, GLBS, ETII, KODK & EYEG - all these trades would have went my way today apart from maybe KODK as I was expecting a dip buy scenario and I wouldnt have chased it as per the rules I have set myself via TimS.

I may add video lessons here later: