Recap of First 2 weeks trading
Okay so I've been Tim's Pennystocking Silver Subscriber for a little under a year now and I just started trading 2 weeks ago. So far I've lost about $200.
What I've Learned
- Don't just trade to trade because you want to trade. Let the trade come to you!
- IF the trade does come to you and you have checked all of the regulars to see if it's worth trading, and the opportunity presents itself, pull the trigger! Thats probably my worst problem is that I'm too anxious/scared to press that confirm button. Even though my risk/reward is on my side and all the right signs are there, I just didn't do it.
- If you don't know much about the stock and just saw that it is breaking technical support than don't buy! You need to do the proper research and prep before you buy/short the stock.
So the most important message is to myself. I realized that over the past few weeks that it IS possible to slowly grow your account and become a millionaire like all of the gurus, BUT you have to study your ass off, realize you CAN do it, and you need to want it more than anything else in life. Like me I want to be successful but if I don't want it bad enough and I don't put the hours in to study and learn, then all of it is useless. Having Tim Sykes, Tim Grittani, Mark Croock, and other traders that have all profited in a good way, is such a blessing. I'm extremely grateful for everything they do and all that they do because they are literally giving us the formula to getting rich it's just up to us to follow it.
Im done with how hard I'm studying now, I'm going to turn up the heat and study longer, harder, and with more intensity. I know I don't have to but I'm deleting my other social media apps because they distract me from my true vision which is becoming self sufficient! I know I can do this and I can't give up. I know you guys can do this too so stick it out!
Merry Christmas guys spend time with your families I'll be back when the stock market opens up again. Thanks for reading!
Great post. Keep it up. We will all get there eventually, just need to put in the hard work and be fully prepared before each trade. Patience and persistence is key.
Well said my friend. I'm also starting to pick up the studying intensity. Thanks for sharing. Stay focused and soldier on!
Good, follow the rules down to the wire
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