3rd Blog Post for my 3rd live account. So I've been studying the markets since november 2014, have opened 2 small margin account on suretrader and have blown them out. 3 paper trading accounts, 2 of them blown out, the 3rd one recovered after a 50% loss, and a prelive trading account for a full month day by day with same results. Papertrading made my 1500k account grow to 4k or more on one month and with 2 months consistancy.

Now don't get me wrong, I've never stopped paying for my platform fees monthly (125usd) to have acces to markets and papertrade in the most realistic scenario (clicking on the montage window and such), and watching time & sales until a price I choose executes. 

Yesterday I made 4 trades with my live account, and to tell you the truth, it's hard, emotions will always be there and there is a bit difference between papertrading and live and is execution. Papertrading, even if your as real as respecting an equivalent execution on the time & sales, when live trading, sometimes you wont get executed and thats that,  now emotions play a role and is "getting on the trade" feeling after no execution which you must fight and its sad that suretrading has no more direct routing which makes limit orders harder to execute even if you try to take liquidity off the markets. (if you dont understand that, means there is still more to learn!!). 

On the other hand, I've went through a lot of Tim Sykes Dvd's, including how to make millions and all youtube videos (there is a lot there for free!!!!), also tandem trader, text book trading, fous4 strategy, read all Meir Barak's book market whisperer, saw all his youtube videos (there are free too!!!!), have read a couple of times Tim Grittanis blog trades, have wathced a lot of investors live youtube interviews including a couple of the traders on the MOMO TRADERS book, which I also read twice (awesome experiences) and been in dekmar trades chatroom, mojo trading chatroom, tim alerts chatroom, Meir Baraks chat room, and right now I'm in one chat room that has a lot for the price and is warrior trader chatroom. In this chat room there are great swing traders as momo traders and gap plays that I love. 

I'm not trying to show off, what I want to transmit is that trading is not easy, and it requires a lot of you to really become consistent. There is a thin line between being "logically lucky" and really geting the whole idea of consistent profits. After all these, what I got and on what I've been focusing is, GAP PLAYS. I've tried a couple of strategies and guess what? THEY ALL WORK!!!! (I'm talking of the ones I mention above), what does NOT work is you... Yeah not all strategies can be understanded and if they are, will not make you profitable. Papertrading is VERY IMPORTANT to at least get the mechanics of trading and doing something to see WHAT FINALLY WORKS FOR YOU!!!, then it comes down to loose money and manage that. After all this is overcomed, you will get trading. 

So it's rotatory cause and effect where you must paper trade to understand, but you must loose to succed in consistancy, but you must papertrade to not loose money, but must loose money to finally understand taking profits, and I can keep going and going. So what I'm trying to say is you must do the work, Period. Hehe, no one will make you rich even if they wanted, it's like riding a bicycle, I can explain, you will understand, but until you have FALLEN ENOUGH TIMES,YOU WILL NOT RIDE THE BIKE. Fall enough times, means the necesary "getting back to your feet" that requires until your profitable. So, that is the truth, this is what I've been doing and it has awesome results in the papertrading account.

So for the curious, I long gap ups, with solid catalysts, low priced stocks under 10 usd, and with low floats. I short parabolic morning spikers, once I see topping action and once the back side of the move is confirmed. and my bread and butter is gap downs, for nano to mid caps, that are priced between 10 and 20 and are gapping down premarket. My preparation comes as i wake up 2 hours before markets, prepare all my gappers on the scanners, get in starters premarket and play all of them around whole and half dollar marks. (Check $DGI for example for the 30 of October 2015, suretrader had shares to short and guess what, sucky earnings news, there is always a why though...). so it opened gapping down, all premarket fell to and had the chance to get in at 17, 16.50, 16.00 before market openes and then it tanked to close to 11's. I mean with a 300 share position, 30 cents takes me off for 90 usd, but if it cracks, when it does there was an upside of 4 to 5 points. Even if you take it off before market open, you would be up 300 usd. 

Trading is a cent game versus share size, money is just to have the "ticket" to part take profits. Remember 1000 shares with 10 cent profit is 100 usd, IT DOESNT MATTER if the stock is worth 2 dollars or 20 dollars or 200 dollars. The difference is the market niche that trade this so normally a 200 share stock, moves soooo fast around its value that 250 shares, even if 30 cents take you for a 90 usd loss, the volatility could be for a dollar or more, so NO, it's not just to trade high price stocks with low share volume, it's just as difficult as any strategy, just want to take the curious of the ones that still look for the "magical formula" haha...

So, the ones that know this is a life time learning experience, my twitter is @slopezsu, I post my watchlist there, to keep discipline, I don't care if someone approves or disaprooves my picks, there are millions of ways to make money here, READ MOMOTRADERS to understand what I mean, there are gamblers to robotic mentally structure traders as there are traders that make millions a year and DONT EVEN LOOK AT A CHART (dont understand how they do it so, see my point?:))

Happy trading guys, now that I'm live trading again, my trades will be verified at profitly as always, and who knows, maybe sooner than later my account will show a green number instead of red, i know that transition will have a lot of experience behind it, keep learning studying and motivating though the ones not profitable are the ones that gave up and never will know if they were up to it (tss tss, everyone can be a profitable trader for your information!!!!)

Best regards,