February 12th, 2019

Accepted into the Challenge yesterday afternoon. Chillin at the spa and exploring the profit.ly platform on my phone.

  Woke up a bit late so I didn't have a chance to get in on the the SHMP and ALYI action, but as I read through the chat archive I almost felt like I was right there in on the action. Next time a dip buy opportunity comes, I'll be sure to keep an eye on L2 to spot a wall of buyers around support. Same goes for those who were short on $SHMP and looking for an exit, similar to Tim's situation while trading DOMK many years ago:

  Thanks Time Sykes for including that interview with Michael Hudson in this morning's watch list. I also appreciate the text transcript, which is great for sending to Kindle. Michael really goes into detail explaining his journey from making $0.04 on Robinhood to now, with around 100k in total profits. Reminds me of myself, making my first ever day trade on Robinhood just a few months ago. I'll probably be coming back to this interview again, to shed some light on the road ahead of me. There is also some very interesting and detailed pointers in there about when to go short, and I want to get a firm grasp on those. One thing I can definitely understand right away is the immense risk of going short on the front side of a would be peak, as it might turn out to be just a brief stop along the continued journey upward.

  I got approved for margin, because I figured I might need to do some shorts, but now I'm regretting that because TDAMERITRADE doesn't even allow shorting on OTC stocks. On top of that I will be limited by the PDT rule now ?. Not to mention this will interfere with me taking advantage of 90 days of free trading promotion. Oh well, small potatoes in the grand scheme of things.