GoodPunk6's Trading Journal
- Thread starter GoodPunk6
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Man this sucks. I really looked forward to your posts and following your journey. Have you thought about learning a specific tactic from someone, one that maybe you just do at the open or in the morning? Then get a job in the afternoons and evenings and let this process take the year or two minimum I always heard was neccesary. Trade 10 shares until you get a handle?
Wow!
GoodPunk, I am shocked that you have such a little backbone.
After reading this post for so long, I never pegged you for a quitter.
You seemed to be tough and understood that trading is not easy and it takes hard work to succeed.
Nothing good comes easy.
I am still confused as to, why you would put up your own money, when you could not even make money consistently?
Why not learn at HLV's expense?
But 2 days and you are done?
Wow!
GoodPunk, I am shocked that you have such a little backbone.
After reading this post for so long, I never pegged you for a quitter.
You seemed to be tough and understood that trading is not easy and it takes hard work to succeed.
Nothing good comes easy.
I am still confused as to, why you would put up your own money, when you could not even make money consistently?
Why not learn at HLV's expense?
But 2 days and you are done?
Wow!
Hey Bro!
Spoke to you earlier before you posted your resignation. I was thinking since you like trading so much you should take the 4,300 that you have left and swing trade it using patterns or something. It is nice to learn some patterns then master them. swing trading with 4,300 isnt a bad thing to do if you love trading that much. Overnight holds, weekly holds month holds, ect.......Eventually you will build some good caplital. JUST A THOUGHT!
In the mean time perhaps you cana get a job within the field you did tell me one time you have a few licenses.
Good luck with everything.
Spoke to you earlier before you posted your resignation. I was thinking since you like trading so much you should take the 4,300 that you have left and swing trade it using patterns or something. It is nice to learn some patterns then master them. swing trading with 4,300 isnt a bad thing to do if you love trading that much. Overnight holds, weekly holds month holds, ect.......Eventually you will build some good caplital. JUST A THOUGHT!
In the mean time perhaps you cana get a job within the field you did tell me one time you have a few licenses.
Good luck with everything.
em
Goodpunk is not a quiter just because he's taking a break from trading, He's taking a break from his style, getting a job.
People need money you know, just like if students who get their degree at a university, yes university is all goood, but you need to make MONEY to pay for it.
If you don't have MONEY, you need another job and make TRADING a part time thing.
Goodpunk6, good work man, just find a job and trade at your part time till you get the hands of things,
Unlike some stubburn retard who trades for 10 years and is still breakeven and divorced, you are a REALIST,
PEOPLE HAVE TO MAKE MONEY TO SURVIVE IN THE REAL WORLD people , he's not 14 with no worries about how to put food on the table.
Goodpunk is not a quiter just because he's taking a break from trading, He's taking a break from his style, getting a job.
People need money you know, just like if students who get their degree at a university, yes university is all goood, but you need to make MONEY to pay for it.
If you don't have MONEY, you need another job and make TRADING a part time thing.
Goodpunk6, good work man, just find a job and trade at your part time till you get the hands of things,
Unlike some stubburn retard who trades for 10 years and is still breakeven and divorced, you are a REALIST,
PEOPLE HAVE TO MAKE MONEY TO SURVIVE IN THE REAL WORLD people , he's not 14 with no worries about how to put food on the table.
it's this line right here that tells the story.. 32 fills, 96,702 shares equals 3,000+ share lots. i don't understand why, after all this time, and everything you've been through, you're still trading this big. you're leaving yourself very little margin for error. you practically have to nail your entries to the penny. if you're just 5 cents wrong, that's $150 plus commissions down the drain.
i know you've always been defensive of HLV, but by letting you trade that kinda size, they were setting you up for failure. the more 1 penny gains and losses you made, the more they'd make. the 100-200 share, 30-40 cent moves you were supposed to cut your teeth and learn on, weren't gonna fill the coffers.. so they were disallowed.
today i traded 9,200 shares. all but 2 of my trades were 100 share lots.. and i made over 1,000 bucks. http://www.freewebs.com/mytradingjournal/4-26-05.png. i rarely nail my entries, but it doesn't matter. when trading small lots, i can let the position breathe and run against me without having to eat a huge stopped out loss.
anyway, sorry to hear it didn't work out. your journal was a fun read, tho. good luck in your future endeavors!
Good Punk.
I enjoyed reading your journal everyday and I liked it so much I started my own journal.
I feel your pain man. Trading will always be here. So get your finances in order and come back. But when you come back rebate trading will be a thing of the past, which is a good thing, a lot of people have given you some good advice. When you come back trade 100 share lots on 50 dollar stocks, only way to learn how to trade for real, and when you eventually find your edge then you can step up.
Good Luck in your future endeavors!
I enjoyed reading your journal everyday and I liked it so much I started my own journal.
I feel your pain man. Trading will always be here. So get your finances in order and come back. But when you come back rebate trading will be a thing of the past, which is a good thing, a lot of people have given you some good advice. When you come back trade 100 share lots on 50 dollar stocks, only way to learn how to trade for real, and when you eventually find your edge then you can step up.
Good Luck in your future endeavors!
I couldnt agree more Sammy.
But I think the firm told him he could handle such big size, which of course no one can when they dont make money consistently. Just want to add that high size adds a lot to the mental pressure.
I would also think Goodpunk that if you added all your loss from the day you started you would find that a lot of it is from commision. I loved reading your journal and remember many fine profits.
Good luck!
ORM
But I think the firm told him he could handle such big size, which of course no one can when they dont make money consistently. Just want to add that high size adds a lot to the mental pressure.
I would also think Goodpunk that if you added all your loss from the day you started you would find that a lot of it is from commision. I loved reading your journal and remember many fine profits.
Good luck!
ORM
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