I have been trading for about 2 weeks now.  have been putting a lot of time in learning, watching tims HTMM again for the second time and picking up more key points. spikeability, learn level 2 (which i was somewhat dissappointed in), and video lessons.  trying to tell myself to just keep making trades because every trade helps me learn.  hard part is im losing money.  i have placed 8 trades so far and have only profited on 2.  2 of my losses where very stupid mistakes and trying to beat system that tim has put before my eyes.  so now i stick to his rules almost to a T.  finding my two hardest tasks are keeping my plays straight, once the market opens i seem to freak out and not concentrate on my plan; but rather what the price action is doing.  i have had 4 great settups that i just mistimed.  so i know im in the red, but a lot of that was just timing.  need to be more patient, let things develop, and stick to my clear plan going into the trade.  i have been using tims sliding scale grading, and it has helped me spot out trades easier, but i need to do this more so it becomes second nature and to help me focus on the best plays. i want to sit on the sidelines and just observe as i learn, but i feel like that doesn't help me. so what i need to do is take smaller position sizes and see my win rate go up before i size up. the hard part is, say if a stock is trading at $2/share i can't see myself take a 100 share position so putting up $200 in capital to aim to make at a better case scenario 50 cents, so thats only $50 to $100 gain..  even with that i still have to take out 20 in commission.  BUT if i do this 10 out of 15 trades thats only a 66% win ratio i grow that to $500 to $1000.  so first i have to see myself winning before i put up my hard earned money.  on the flip side, say i put up that same 100 share position and i lose 20 cents, thats only a $20 dollar loss, and seeing as how my win rate is low, i am only losing a small amount.  REMEMBER, you are learning so take small sizes and worry about WINNING the trade.  

TAKE AWAY

A) be mechanical about it, find good trade ideas and put it through the sykes scale and pick out 2 or 3 that you like and have a good opinion about.  know that trade inside and out, risk reward, entry and exit are the 2 major ones i struggle with

B) keep trading just take smaller position sizes, focus on executing winning trades.  once you have a better win % it means you are understanding your PLAN more and its working.  then size up and stick to your plan that is having you win more than you lose.

C) this is tough, its hard mentally because your trying to figure out if all this hard work is worth it.  I know i can do it and i love hard tasks, i just have to figure out my flaws and learn and improve.  STUDY STUDY STUDY and it will pay off in the long run.  REMEMBER your on week 2