Whoever thinks I'm not telling the truth. Keep thinking that lol I've got shit to do and money to make - not to mention my own company to run. I don't have the time to make an argument. I did what I could and posted screenshots. That should be enough dammit. 

- You CANNOT let PDT control you and how you trade.

Example - don't want to sell because you won't have any more day trades for the week. You're "hoping" for a spike so you can justify your day trade and make a profit. Guess what? Often times, you'll lose. Just cut the damn loss and swallow the DAY TRADE. Next week WILL come. Your day trades will refresh.

- It's not about the home runs, but it's fun and exciting when you hit them.

I now understand the importance of PATIENCE in this game.....I think. Example - you want or "need" money now and make bold/aggressive moves that are uncalled for. This can also really burn through day trades fast. Then your just "sitting" and "regretting."

TRY TO STAY HUMBLE (can be very hard when you're making money during a pandemic). People don't want to hear EVERYTHING you know about the stock market and they WONT understand all the technical terms. Let them keep working as W2 slaves with nothing to show but a half of a 401k that they can't even control.

 

-Averaging down doesn't always work, but it can be a good mindset.

Here's what I mean - DON'T OVERDO IT!! Size your position right. NEVER GO ALL IN. Make sure you can hammer a bottom if you have to but it's still not the most logical thing to do. I wouldn't rely on it. Just make sure you get in the habit of "starter" positions. 

Timing is EVERYTHING in this game. Don't invest (at least long term) in companies that don't make money LOL. Do your research and look for the higher consensus targets. Don't buy a company that doesn't perform. At the end of the day, they don't care about you.

If you have no gains for a week or two, it's ok.

Losses are inevitable and that's ok too. Learn to minimize them. You'll start seeing better, more solid results. 

 

AHHHH I HAVE SO MUCH MORE TO SAY!!!!

For now, the learning continues. Feel free to reach out with questions.

-Ragin Cajun

 

 

*Importantly, I'm not giving any legal advice or instructing people on how to invest. I'm giving advice from experience.