I hope you all are having a great week! I have been super buys so here is a short and quick post. Make sure to leave comments and message me on twitter so I can discuss more topics.
I decided to go overnight the other day on $RBNW and OTC stock. I have been practicing these low priced stocks as Jack Kellog has mentioned in his videos and Timothy Sykes has as well. I like First Green Day Patterns, ideally with news and unusual volume. They have to be a recent runner though. What does this look like? Well, this is my understanding in the image below.
I bought originally where is showed to consolidation at $.016… it dipped a little so I added at $.014. I held it overnight and it spiked as I planned. I sold at $.022 for a 30+% gain. I was pleased to take my single and run.
These are the setups I am trying to master. This was a really good trade. I made a few bucks on this but it is the process I am pleased about. Had I put more money into it then maybe one day it would be a few thousand dollar process. Keeping in mind perspective is turning out to be great. Another reason I was able to hold so long was the fact I raised my risk factor. If the stock broke below a certain amount, I would sell and lock in profits. I was happy with the $ gain at $.022 and it turned out to be the top when I decided not to get greedy. If I can learn to replicate this, then trading a couple of time a month will be fine with me.
I do not need to trade every day. I don’t want to trade every day. I like Tim’s thoughts on being a retired trader. Mine is pretending I am already a millionaire and waiting for my perfect plays. The plays that “made me a millionaire” or in this case “will make me consistently profitable”. Same idea. If I fine tune my Bread and Butter pattern then I won’t have to guess, I won’t have to stress, and there will be no thrill to trading other than, ‘Hey! I know this pattern!”. This is what I believe my mindset should be. Am I perfect, no. But this is what I am working towards.
I hope this gives you an idea of what I have been learning about First Green Day patterns from all the studying I have been doing on Profit.ly with Timothy Sykes 6k+ video lessons https://bit.ly/2NpSSfW . I have my rules and my pattern criteria written out and taped to my laptop. I will not trade if the patterns do not fall into my preferred criteria. If I do, well, crap.
I hope this blog post helps you as it will give me something to refer back to. Sorry to cut this short but I have to head to work and this was the only time I could fit blogging in as my kid is teething and kind of cranky and wants cuddles. This is perfect time for studying. I hope you all have a great week.
Leave comments, find me on Twitter @TessaLamping or @TessaL .. I don’t remember right now. LOL Have a great day and thanks for reading! Cheers!
I want to provide a small disclaimer:
I am in NO way a professional nor do I claim to be. I do not manage anyone’s money nor do I want you to follow my trades. My posts are solely for entertainment purposes and for myself to become more transparent on my trading journey. I use these posts to track my own progress. I do NOT recommend you try my strategy or jump into trading without a verified guru/teacher. I am an untrained trader who has been practicing for a few months and a few days with paper trading on StocksToTrade. I am up +$1300 for the month of June 27th – October. By the time you read this I may or may not have traded the stocks I post about. I will not guarantee you will profit from trading as 90% of traders lose. To become consistently profitable is not a typical result. I am in NO way responsible or liable for your decisions or actions as a trader. I, again, am not professional so there will be grammar and spelling errors. Just because I suggest something does not mean your results will be the same as mine if you try. My suggestions are what I am doing, have tried, and what may have or may have not worked for me.
Hello there, My Name is Tessa Lamping and
thanks again for reading my blog!