This is to start off my blog as a brand new Challenge student for other users and Guru's to comment and critique on in the future. Daily Watchlists are a requirement so I will be trying to upload every trading day to help keep me accountable and keep up with the Challenge Tim has set before me.
First off, I am really excited about this opportunity and has been something I have been striving for ever since I came across Tim S. in June of 2017. I am still a newbie and have lots to learn still but I can tell this is something I want to succeed in.
I haven't traded much so far, and as such one of my big problems I've noticed is that I don't seem to have good entries and have to keep cutting losses before the momentum changes. Sometimes this is good as the stock keeps dropping but a couple of my recent trades I have just been early to the momentum swing. I also have a problem with identifying momentum changes and seeing what patterns are available and when I should be playing them. This kind of goes back to the first point where I have issues with entries.
My overall goals for this Challenge year are to:
1) Become consistently profitable where my gains outweigh my losses.
2) To become somewhat self-sufficient by the end of the program, or at least a majority of the way to self-sufficiency.
3) Recognize what patterns I am good at and adjusting when appropriate.
Those might be high goals for a year and I am still studying every day but by the end of 2018 this is what I want to see for myself. I look forward to working with Tim and the whole team! I WILL become one of Tim's next millionaires!
Thanks for reading :)
-Brendan
Posted Dec 06, 17 12:55 PMbypinky
Received 2 Karmas
Great goals - only U decide if you achieve them! Study your ass off! GL
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