May 15, 2020. I'm probably Tim Sykes' slowest moving student. I'm 57 yr old Italian-American, married (25 years this year!) to a great wife, with 8 yr old daughter adopted from China. I'm a practicing architect in south Florida (in the field since 1986, worked in Italy from 1990-1998, then in south Florida since 1998. Opened own firm in 2003).
March 2014: I joined AllPennystocks.com
April 2014: I joined Profit.ly
January 2015: I started my Pennystocking Silver subscription and downloaded roughly 40 videos from Tim's Youtube channel. I also downloaded his '30 Day Quick Start Check List'.
June 2017: Compiled Tim's Pennystock guide as a Word document
July 2017: Opened Etrade account
December 2017: Made 10 "beginner" trades to get feet wet in trade executions. All minor losses- but the idea was simply to get used to the Etrade interface to buy and sell stocks. Tried market and limit order executions. Also started a Word doc to note some general pennystock trading notes.
March 2018: Purchased STT software platform. Great software!
April 2018: purchased "The Complete Penny Stock Course" on Amazon by Alluch and Sykes. Excellent purchase and worth "every penny".
July 2018 to October 2018: Made 7 "real" trades focusing mostly on dip buy patterns. Nominal losses and profits. Realized my execution skills are still lacking and need work.
Year 2019: Watched stocks with STT on and off throughout the year. Absorbing market activity.
May 2020: Back in the fray and watching more consistently; will focus on making small trades to improve execution skills. Practice practice practice.
Goals: Excel tells me that 5% compounded means I can go from $1,500 to $1,000,000 in 330 trades (if perfectly executed naturally). 7% compounded requires only 100 trades to achieve the same target. 15% compounded only requires 48 trades to get to $1,000,000. This means you can grow 'quickly' even with small percentage gains. For now, basic goal is to improve execution skills with 30 trades over the next 2 months (staying within PDT rules).
wow man, one hell of a trade journal, its hard to go wrong with that kind of meticulous attitude
Thanks! But it's not much a trade journal (only 7 trades)! But I figured I'd post my history to show that it's possible to approach pennystock super slowly. In my case, it's been on and off due to real work as an architect. Now, whether I'll be successful or not is an entirely different matter! Hopefully!
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