At the end of the day, what matters is you earned from the window of opportunity given. Sure, I can identify possible plays, some of the stocks I spotted moved. Perhaps, I lacked focus. Tweaking my playbook on segmenting my watchlist and preparing my trading plan for every possible scenario would be best.
Additional area for improvement: Allocation per trade.
Lately I have been improving in this aspect. I cut my losses when the market negates my bias. Error: the more I sit and watch the market for almost an entire day, the more I get impulse trades. Missing piece — health. I was sick last 2 weeks ago and I already felt the nerves in my eyes twitching. I have to get back to exercise. But, I cannot serve 2 masters, so I chose trading. Why do I want to learn trading in the first place?
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I feel the need that aside from profitability through consistency , I have a calling in this field. Next, I want to give my parents a well-deserved retirement, to say the least. I want to spend the rest of the years with my parents and sisters for us to have a fresh start again. I am trading to break the notion for employees that the cycle goes like this — work — loan — pay loan — save a little — retire. I want to prove that trading can be a sustainable source of income, provided consistency.
Trading makes me feel alive — with the ups and downs of the market. Trading allows me to find myself; to discover greater things about me.
Zeefreaks Experience : Truth behind the trolls
I have been stalking some sleeper stocks or those that are in consolidation phase. Checking the hourly chart, the breakout happened on the first hour of May Continued until it formed a box above So I decided to make a plan for it. Personal bias: breakout form the identified box top, though with a wick this could mean that the breakout is not that strong. Bought at EOD Executed plan — bought at EOD with a bias of continuation but since cut loss was hit intraday, I immediately executed my sell order.
Price went off to a deeper dive just a few minutes after and so I was spared the blood bath by following my plan. At the end of the day, this stock could have been a candidate for a bounce for the following reasons: 1. Confluence of supports — Fib. It was during this month, last year, when my interest in trading sparked. A year has passed by and I could say that it was tough, hard, and most of all challenging. I guess it is fitting for me to write this today to take a look at snaps from my memory on this continuing journey.
Besides, I owe this blog a lot for not writing over the last 6 months. May-June : Le Newbie Chronicles.
I even messaged a guru! Then the guru sent me a promotional for subscriptions. Pheww, good thing I did not sign up for that. Oh gosh, I felt alien to those discussions on technical analysis. I know nothing about it. His talk fueled the desire in me even more to pursue studying Technicals and seek for mentorship. August-September : Le Newbie tried to apply for a mentorship program but to no avail. I kept on searching and viola! I was accepted for a training program. September to November : The 6-week program from the end of September to the 1st week of November was so intense.
Good thing I was able to keep up.
The answer is NO.
There were 21 of us in the batch with experience level ranging from beginner to 2 years and up. Those weeks have gone by so fast but my excitement level remained. November : We were left to trade by ourselves and I thought of myself as someone who have leveled-up a little from the newbie phase. I was sick, I knew it!
Experience the Full Cycle
I diagnosed myself with FOMO. I went in and out and cut losses a LOT. I reviewed my log and realized from Mar to Mar, I had to execute so many cut loss orders. I summed up my losses and wow.. Aside from the losses mentioned above, I have reds in my portfolio right now with the biggest one at The irony is I am delighted to see this happening. Even if I have been cutting losses here and there, I have a few greens. When these two stocks rose, I opened my charting software and again reviewed the reasons why I bought these two stocks and how I did my tranche buys.
Ever since we started learning about MAs, or shall I say the proper use of it, I would find myself lost in the middle of the spaghetti jungle of red, pink and blue lines. Gotta catch them all, bullish stocks! I think I should just be making a new blog post regarding that.
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Almost a week after our second trading challenge is opened, I present to you my charts and trades. Some are yucky. Like I thought it was okay to buy up since I could tighten my losses. Learned my lesson. Friends, below are few of the many mistakes that will lay the foundation of the profile of the trader I will become.
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Was only able to buy T1. Went beyond my buy levels, bought it up and ended hitting my stops on the same bloody day. You are commenting using your WordPress. You are commenting using your Google account.
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You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Blog at WordPress. Warning: Graphic content at the end of entry. That's me. A lost sheeeeeeeep.
Lost ones. Did I plan my trade? Did I follow my plan? What would Zee do if he were to trade this? Usually I had answers to 1 and 2 but for 3, natutulala ako and I am tempted to write down: Ask me again 1 year from now!