QUICK BACKSTORY:

I started learning from Tim's methods and his alerts about a year ago. I started when Robinhood was still very new and was able to take very small position, often just 1 share, to learn how to trade without much risk. After growing that account from about $30 to $60 and saving up some other cash, I've started a "real" account with $1000.

DAY 1:

Went great! First trade was in and out of $ATHX on a dip buy at 1.785 and out at 2.05 for a nice $132 profit.

 

DAY 2:

After my funds cleared, on my second day I had the right stocks in my sights but just picked the wrong one. I was hesitant to play $EYES because of its high price but as it turned out it would have been a better play. I instead got into $UNIS this morning, buying at its previous support of 1.10. I recognized there was a big seller at 1.13 and new it had to break it to run up into my goal of 1.18. When it reached 1.12 and couldnt go any futher I should have got out and took the $20 profit when I had the chance. My mistake was actually holding on and hoping that it would test 1.12 again. I should have stuck with what my learnings told me and got out when i could, CUT LOSSES QUICKLY. I ended up taking about a $40 loss and exited at 1.05.

The good news, my overall account is still in the green but I'm going to be even more of a cautious sniper than before.

 

LESSONS LEARNED:

-Play the best possible play

-Don't break your own rules and trade using emotions

-Don't force it and watch and learn from price action

 

Feel free to reach out, I'd love to continue learning with everyone in the chat!