Happy Father’s Day to all of you fathers who were able to celebrate this past weekend! I, myself, took the boys to their first MLB game and loved every minute of it!
As for the markets, I spent a lot of time this week reviewing my recent trades and progress, with a focus on revisiting my risk management strategy. I’ve noticed for some trades my $ risk was far more than I anticipated, which was negatively influencing my trading, while other trades I was beating myself up that I didn’t have a higher size given how well I was managing the risk. So… I’m changing things up. I did a lot of re-reading of the risk mgmt section in the The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks. I also revisited some videos with students like Mark Croock and Jack Kellogg. And so I feel more confident with my strategy moving forward, and I’m looking for to reducing size this week while I test it out.
As for what’s on my actual watchlist, I’m keeping it really simple with AERC. This stock I eat overextended, and though I don’t plan to trade it with real money, I want to focus on what the play would be to short it.
Other than that, I’ll be looking for FGDs and capitalizing on any news that breaks!
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