So I'm about six months into all this. And I've learned many things and It feels as thought I've come along way. Of course Im just paper trading here until It makes sense to use real money, which would be once I'm consistently profitable, which Im still working on. Hehe. Anyways I start getting this feeling everyone once in a while like I've made a small breakthrough bringing me closer to my goal. The problem is I never know how far away I really am. Its like this feeling of being close but never knowing how close you really are. And then after I get that nice close feeling, some darn stocks come up and punch me right in the face. I say "aw thank you stocks" ,but really these frikers piss me off sometimes. I know the problem is in the way I think or some certain thing Im doing wrong, but gosh man can I get some slack here.
Jeebis man! so now I'm like okay dudes super focus time starts now. I put on my focus eyes and I say to myself lets pick one strategy. So I pick only breakouts. Now Im only working on these little plumps only waiting for the right time to strike. I cut my losses quickly. I use mental stops. I keep calm. I understand that anything can happen in the game of stocks. I try to pick stocks that will work well with my setup. I study one of the community breakout masters, the one and only Sir TurboBob. Hes a cool guy.
Then right when I feel like Im making some progress and I get that nice close feeling, guess what happens.
Thats right! some stocks comes outta no where and shoot me in the face.
Boom! so now Im lying here mentally bleeding out and all I can think about is damn man, how many times will I have to repeat this process.
The answer is. As long as it takes, but that answer is really boring to think about.
Just wanted to share my struggles because I go through this all the times and I just get down and sad after a while.
Hope everyone is doing okay out there. I would wish everyone good luck but if you're doing it right then you really wont need any.
Hey! check my first video lesson on a pattern I trade all the time, I only trade 3 patterns on the long side and they always give me 10%+. I will post the 2 other video lessons soon on the other pattern but I think the one I posted will help you out a lot
its a pattern that occurs a lot with good risk/reward and a clear level of when to cut losses. You will know when the pattern is going to fail usually and you can get out with a small gain or a small loss
but I've only seen it fail one time
@Khermus Thanks. This is something thats hard for everyone and its a journey that feels as though is taken alone, which seems to make it harder.
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