This is my situation:
I've been trading since August/2016 following Tim Sykes approach
I've been a conscientious student of his method
Studied the following CD's :
How To Make Millions - PennyStocking - PennyStocking Part Deux (Watched twice) - Trader Checklist (Twice)
Also studied Tim Gritanni's Trading Tickers
All of his videos that he posts and/or email us
As of today I've done 44 trades, all of then posted in Profit.ly and statistics
The stocks I selected to trade are mentioned and discussed in the chat room
I have dissected every single one of then, and documented them, including charts, comments in my PC
I review them frequently
I started trading with a capital a little bit over $15,000.00
As of today I am down almost $1,000.00
Now it is not the amount of money that I am losing what is bothering me
It is my inability to pick winning trades. 7 consecutive loosing trades in a row - WOW !!!
Funny thing is when started in August I had a series of winning trades that I said to myself, this is doable
I am at my rope's end
I hate to admit but it looks like I am not cut out for this endeavor
I really want to succeed, I really want to learn to be a trader
My goals are just to make a living
Meanwhile looks like I am getting nowhere fast, running in place, going nowhere or even backwards
I need some help, comment will be greatly appreciated
@sparhawk Very wise advise and I really appreciate it, thanks once again, wish you the best luck
I may be able to help a bit...Watch my few videos. They are short and very specific for when to enter and when to get out. You really need to look at stocks a bit higher in price also because I find they tend to be a bit more predicatable. Then choose a type of trade. Gap-Up, Gap-down, Momentum, Reversals. Then Go to YOUTUBE and watch Ross Cameron Warrior trader/gappers or momentium or reversal..etc. He has a different style of teaching that helped me. It is ok to learn from others as well
Contunued - as wise. Then paper trade a style that appeals to you and only use your real money after you have become consistant on paper. Tim is right....Success takes much time and patients. Never enter a trade to early...no need to. Relax an make clear decisions. Hope this helps.
@Jules Thanks Jules, very wise advise, I'll do,hanks once again good luck
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