Hello everybody, I am a pennystocking silver student, and I have been alternating between trading real money and paper trading over the past 15 months. I started my trading journey in Aril of 2017, and although I'm not where I want to be, I've learned countless lessons both through Tim and through personal experience. The first lesson I learned was more of a wakeup call than anything, when I first started trading, I thought I would be like the next Tim Grittani, Stephen Dux, or Roland Wulf, but the fact of the matter is that I'm not some crazy prodigy trader like those guys, however with that being said, I do believe that I will be a successful day trader someday, whether that's tomorrow, or in 3 years. Throughout my journey, I've come to realize that there's not going to be 1 single magical change that I will make that will take me out of the 90% of traders that lose into the top 10%, but that the way to get to where I want to be is being persistent and making tons of little changes along the way that will add up to a completely different trading style. Every trade I've made over the past 15 months has caused me to adjust something in my strategy, whether that's a major change, like how I learned I needed to completely redesign the way I entered and exited positions, or a very small change, like how I need to be awake 30 minutes earlier than I usually wake up. My point is you're never going to know what you need to adjust/completely change in your strategy until you've made enough trades that you can reflect back on and decide what works best for you, which is why Tim says this is a marathon, not a sprint. Around March of this year, I decided I needed to go back to paper trading to avoid losing any more money, which is exactly what I did, I have now been consistently profitable paper trading for around 3 months now, and plan on moving back to real money within the next 2-3 months. I am writing this article so that maybe I can help someone out on their own journey, and give them realistic expectations. Even after 15 months, I continue to learn things that amaze me about the markets, and that feel like are complete game changers when it comes to trading, and I feel like that is the most important lesson I've learned, which is you can never learn too much. There's always going to be something more that you don't know that could almost completely change the way you trade. I am truely blessed to have the opportunity to be part of pennystocking silver, and I know with more hard work, I can achieve my goal of becoming a day trader some day.
Yeah and i noticed you just leave a dot for your trades....why?
@TimeFliesBuy I have a personal spreadsheet where I detail why I make all my trades, I just didn't feel like copying and pasting all my notes
OK well as long as you have something!
don't try to compare yourself to million dollar traders. just remember the mediam salry in the US is under $50K per year. save ip enough money and shoot for $10k per month to get started. you have a great life that way and if you get to $200k, $500 k all the better. good luck.
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