KGTrader4 Paper Trading Journal - My Training Wheels

KGTrader4 said:
Ahhhh, I’ve been waiting for you LOL

no not at all. It’s extended. And I want to see it come back in a bit. In a different kind of market I might be more interested in taking a partial position (which is what I’d do if it pulled back in a bit). But in this kind of market, as I’ve quickly learned, chasing is a bad thing, it is a detriment to finding low risk trades.

did I pass the test? :)
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Not sure if you are paying commissions or not. If not consider taking a partial position when the stock peaks your interest.
If it moves in your favor, you can add, If it moves against you, then your loss is fairly small. If it comes down and reverses you can add.

Cures FOMO and buyers regret. and manages risk :)
 
No I don’t pay commission, who does today? and yes, there are times where I’ve taken what I guess I’d call a “tag” position, just so the stock stays on my radar, with a plan to buy more at some point later.

you didn’t answer my question… did I pass the test? LOLOLOL
 
KGTrader4 said:
No I don’t pay commission, who does today? and yes, there are times where I’ve taken what I guess I’d call a “tag” position, just so the stock stays on my radar, with a plan to buy more at some point later.

you didn’t answer my question… did I pass the test? LOLOLOL
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Only you can answer if you passed the test.
I'm not even sure how you grade yourself.
My test is simple, did I follow my plan, yes or no.
It's a tough test to pass if you don't have a plan.

I pay commissions. Canada takes a while to catch up to the rest of the world.
 
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I’m not going to continue this journal, and I’m not going to continue paper trading (unless I want to play with new strategies).
I know I’ll get my ass flamed for this, probably rightfully so. But I’m gonna trade real money, I don’t have the patience for paper trading and I just think the utility of paper trading is somewhat diminished when there’s no skin in the game.

Even though I’m a noob to short term trading, I think I came in with enough knowledge re the basics of a chart, and what I need to focus on is discipline. I can afford to take some losses when making mistakes, so what the hell, I’m going in.

since I’m thinking more position trading rather than short term, I’ll also give myself some more latitude on stops, giving stocks some room.

I’ll probably start a new journal. Or maybe just track my trades on a spreadsheet.

ok flame away in…..3….2….1….GO!
 
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