MY PERSONAL 4 MONTHLY BLOG - Notes on things learnt so far - 

 

1. Studying resistance and support, IS AMAZING!!! but i know I need to see this live often.. watching the TICKER now for two months. i find it very valuable :) 

2. STICK TO YOUR PLAN!!! I'm currently developing a Pre Market routine along with my current watch list - it is SHORT BIASED and plays are available to me for the following the day but the reality is, is that shares aren't available for the good stocks. ... and far and few between. I need a new strategy. 

3. Using Suretrader... Shorting isn't too productive with locate fees and a small account. So limited in plays for now unless its the right price. 

4. Had to begin studying BUYS for two moths now and I need more time watching stocks. Also, researching data for BUYS. I will update in the future. 

5. Trades completed have been well documented as I load them and  I have mainly used the trades to get begin learning how to get comfortable. "insert excited feeling" my heart was racing hahaaha but I do understand that nerves are good too. I'm also impressed with my cutting of losses (has been improving for the last 3 trades - and I stopped trading any halted spikes, and no impulse trades) as a result I only trading when I've done a FULL resistance/support analysis on the stock.) Watching resistance on the ticker LIVE and how it affects price action is phenomenal!!! 

-my brief history

My introduction to the stock market was with GOLD and having no idea but I started trying to buy and sell the spikes or the days range. I was impulsive, way too impulsive and lost $1000. Then I discovering Tim Sykes. Thank you, I can honestly say that i feel more more confident in plays I have discovered thanks to you me but I also know I have a lot to learn aswell.

So, I am mainly impressed with only eight trades in two months and ONLY one impulse trade as it was a big concern for me after my experience with trading GOLD. It's been a  great start to this process so far and I will update my blog i a few to every four months, I will always update trades a day or two after.

Ending notes - I haven't had the best start stat wise only 1/8... but the experience I  gained from even the simple exercise of feeling comfortable getting ready to exit a trade, especially within the crucial first 5 - 10 minutes for both the buying and shorting of stocks.   These are all valuable lessons for the next trade.

I'm currently focused on timing with patience for the price action to hit resistance levels for shorts, and though I struggle mentally with the idea of buying at support I will improve in this area as it is my weak point for now and I desire to be a flexible trader and not limited to one bias of trading. 

I'm also tracking premarket activity in relation to news/price action combined with support/resistance areas to show if the stock is even worth playing and if it is in play - studying where the buying and selling momentum/pressure is to enter and exit. 

Thanks for reading, even though it's my reminder but if you got this far. Cheers again.