I'm working with a small account but grabbed 100 shares. Hopefully, it brings a small gain. Fingers crossed entry price a bit high for small account

Entry comments: I went bigger buying this recent earnings winner at day highs, breaking out of multi-day range, also a headset maker https://www.zagg.com/us/en_us/audio with HEAR going Supernova tot he 17s, this can run too
Exit comments: Tried to be patient, but its failing right at the key level of 14.70ish that has been an issue for it the past few days, I forced this trade a bit since HEAR was spiking too much, better to look at this on a dip buy later today or on a morning panic next week
Related Posts
| Date | Price | |
|---|---|---|
| Entry | 5/11/2018 | 14.75 |
| Exit | 5/11/2018 | 14.62 |
- Total Views1,000
- Position Size5,000
- Percentage-0.88%
Jumped out shortly after you lost $20 on my measly 100 shares. Could have been worse I suppose. Any advice for a small account guy. So far I've followed you on 2 and lost both.
@stellorsells Advice would be to stop following Tim's alerts 100%..... If you have all your stuff set up you'll notice that the alert gets out that he bought something, hes already out of it 3 minutes later. you will lose every single time until you learn to spot the plays yourself and trade your own plan. You lost your own $20. The best advice I CAN give you though is to stop trading entirely and study. I banked $800 on HEAR yesterday, because i spent $800 on educational videos. And instead of
@stellorsells It cut off my comment... so to continue. ---- and instead of losing $20 and not understanding why or what you did wrong, I know have the knowledge to make that $800 over and over again. Invest in yourself and your education. No where else will you get a bigger return on investment. study hard.
Any advice or could you give more details on how did you invest the $800 in your education? What videos or books to study?
I puchased The Complete Penny Stock Course and it helped me tremendously. I dip bought AXXA and mde $800 from the morning spike.
I also recommend you use a paper account for a little while until you discover the pattern that initially works for you. I have to remind myself daily that trading is not a sprint ITS A MARATHON!! I have a small account also. Tim is great and his teachings are right on target. I have turned 2000 into 7730 in 18 days with small singles.
@LugMM Pennystocking Framework 2, and TimFundementals 2 were great. the $150 a month for will benefit you greatly. hundreds of hours of material to study there. I wouldn't even try to trade until you have a solid month of studying and recognizing price action and movement. and once you do, definitely lay out rules for yourself.
@LugMM For example. I will sit and wait for a stock for hours to come down or up to where i want it at my price. NEVER chase something. If you miss it get the next. You will get bad entries and eventually blow up your account. My max risk i've set for myself is 10% of my total position dollar size. the second it hits that i cut it. but if you're entering positions where you should, that shouldn't be a big problem.
@TheMoneyLady Thats awesome! why haven't you uploaded any trades? its extremely helpful to see what your good at and what profits are actually happening.