I actually still need lots of help and inspiration!!
Latest info on turning around:
Dominic M: I began trading only a few setups that I had found to work for me over time. I was trading mostly the pennystock framework on OTCs, as I had found myself to be muchhhh more profitable on OTCs vs listed. I was buying the breakouts, shorting the first red day (if I could get shares), buying the first green day, and rebuying the breakouts if they happened. This worked incredibly well when there was sector momentum. I became profitable in November 2017 and haven't had a red month (well I lost $102 in March this year so we’ll call it breakeven) since. There’s been ups and downs in my trading career, but I have been able to keep my profit chart trending up even through the down periods. This isn’t by accident (there’s plenty of times traders will question if they’re even good at this game or just had a hot run), it’s because I now know what I want to trade and have the patience to wait for those setups.
John Papa: #4 Find your edge: This advice is largely taken from Tim Grittani’s journey to becoming a consistently profitable trader. He often talks about how he turned things around by focusing on two specific setups. The actual setups aren’t important, the point is that he found his edge and then cut out everything else and focused on what was working best. This is what I did and the turnaround on my bottom line was incredible.
Mason_Fecht: My recent success stems from the decision to only focus on the three long strategies that I completely understand. Those patterns are: breakouts, first green days, and morning panics. Anything else, I ignore. It’s as simple as that.
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