As I continue in my trade journey, I've picked up many tips and lessons along the way. I've always been unsure of my trades, letting my anxiety cloud my judgment and thoughts; however, I had some sort of epiphany, thanks to Tim Grittani, in stating how he always has some sort of game plan/strategy. So, I took that idea and ran with it, I formed a strategy around $BTSC looking for a double bottom, I traded with a relatively good size position, and was ready to cut losses IF need be. Fortunately, I caught the very bottom, locking in at .3115, and thankfully the chart moved as I had anticipated. Due to the exhaustion of finals, due dates, and other student obligations, I sold at .324 - I should have held onto a few thousand shares to sell at a later time, but small gains are better than an inevitable loss.
That's my trade for today! I'm pretty excited, not about the win, but that I was able to stick to my game plan and was able to strategize how I wanted to go about this play.
Cheers!
Awesome! It feels really good when your plans come together, and you're able to overcome emotion and the trading noise to hit a solid trade.
Join now or log in to leave a comment