Hello Everyone, 

I hope you are staying safe out there with this Coronavirus spreading. I have been super busy preparing to go live. I have been reviewing my statistics on Profit.ly . I love heading to the “My Trades” tab and clicking on the Widget since I have found it the other day and checking out my % wins and losses for the month. You can look to the right of my blog to see my current profit chart.

Going Live And Tracking Trades
Instead of creating spread sheets to track my data I mainly use the Statistics portion of this website. The only thing that I have to remember to do is write down whether or not I am dip buying, holding the first Green Day, or buying breakouts. Why does this matter? I saw Tim asking his students to complete his Morning Dip Survey which asked us:

1. “How much money have you made with morning dip buying? Please be specific”
2. “What did you do with that money or what are you planning on doing with that money? Did you buy anything nice?”
3. “What is your favorite thing about morning dip buying?”
4. “What is your biggest challenge when trading this pattern?”
5. “What was your best morning dip buying trade? How much money did you make?”

And I could not answer these questions. Credit, I am paper trading, but this is good to know when I go live. I am writing this blog as a reminder to track this as it will help me for future surveys and to prepare myself for tracking this information when it comes to reporting my taxes. This is why it is VERY important to do your due diligence when researching accountants. Make sure they are Extremely familiar with day traders. Make sure you are prepared and know what to look for when searching for a knowledgeable accountant as they may not have the right education or experience when taking on a day trader. No one wants to get in trouble with the IRS so PREPARE! 

Not only is it good to keep track of your trading records for tax purposes, but it also allows your to track your journey. I didn’t realize how well I have been doing until I stumbled upon this profit chart —-> check it out on the right side of the page or look me up TessaLamping 
on Profit.ly. Make sure you have full access to the statistical charts, comparing statistics, creating your profile and checking out other traders charts. 


(Screen shot of my Profit.ly chart posted on @timothysykes story on Instagram)



Don’t Be Afraid

While this is from my paper trading success, I am so encouraged to spend so much time, patience, and dedication to my education. Don’t be afraid of tagging Tim Sykes about your successes which could be winning or losing on trades as long as you are learning! There are people out there who will be rude. Just because they want to try and rain on your parade, don’t let that bother or discourage you. Simply block them or as I enjoy doing… leave them a really positive comment that encourages them to be as transparent as you. If they choose to continue to be negative then simply ignore them or block them. But remember, they may not be as successful as you and they may want you to fail. Use that as fuel for your motivation and prove to yourself that you have what it takes and let your success motivate them to reach their full potential or let them dwell in their laziness! Imagine if Tim let Michael Goode discourage him from being a teacher, not only would Michael Goode not be a millionaire, but neither would Tim Grittani, Steven Dux, Mark Croock, and many more of Tims students and upcoming millionaire students that we love watching the journeys of so much! Instead Tim made Michael Goode eat his words and Michael gladly reports that Tim is the real deal! 

The only people that matter when it comes to your journey is YOU and Tim Sykes or whoever is your teacher. If you are making Tim and Yourself happy, then consider yourself on the right track in your trading career! I know I am encouraged EVERY time I see him post something about my trading journey whether it be something I am proud of or something I have learned from. Everything you experience is a lesson for yourself and others! Keep up the amazing work!

Back on Track 

Now back to tracking profits. Say you are a beginner, preparing yourself for your live journey. Post EVERY SINGLE TRADE on Profit.ly! You WON’T regret it. I was super nervous, I even felt dumb, posting my measly unimportant paper trades on profit.ly. But you know what? I am thankful that I followed Tim’s student Jamil’s book The Complete Penny Stock Course’s homework that told me to start a blog, start a Twitter @TessaLamping and follow @timothysykes and his successful students, and post all your trades so you can track your progress. Trading is a journey that is YOU vs. YOU! Don’t be afraid to be proud of your journey. Be proud to post what you are learning and share them with this magnificent trading community. Not only does tracking your trades in blogs, social media, and online statistic trackers, but it holds you accountable, breaks your timid boundaries, and promotes a better trader in yourself. Not only will you hold yourself more accountable, but imagine everyone else you are helping with your journey by being transparent? You can even start a blog on Profit.ly… I didn’t know that when I started and I may switch over in the future to that feature.. or I may copy and paste this to profit.ly blogs. I am not sure yet. 

So why post paper trades? First, it promotes 100% transparency. Second, it helps you track your progress before gambling with your hard earned money. Thirdly, Stocks To Trade is amazing for paper trading that when you decide you are ready to go live after becoming familiar with this amazing trading software, you will be comfortable integrating your broker into a well-known software that has been with you from the beginning of your journey. 

I have spent over 6 months tracking my paper trades and refining my process. Now I have my beginning statistics that even Tim is SO excited about when his students are fully transparent and super dedicated. Create a trend in tracking EVERY SINGLE TRADE! Then when you go live you can see your entire journey unfold in front of you. Use the tools that Tim and his team have created specifically for us. Help yourself and help other traders. Become familiar with Profit.ly and understanding the statistics. 



In Closing


I always imagine how I want my story to be told when I pass $100k in profits. I imagine the day when Tim Sykes, Tim Bohen, and Steven Johnson and others are interviewing me about my trading journey and I want to say that I have literally tracked every trade from day ONE! I was scared to post for the first time on Twitter. But I kept in mind that this is my journey and I don’t care what anyone says. I don’t care if no one follows me or like what I have to contribute to tracking my journey; instead, everyone has been welcoming and encouraging about my transparency and are encouraged to see how I have blossomed from a newbie to a consistent paper trader and how this will carry over to live trading. This will help other traders feeling confident in tracking their paper trades for their success going live. What legacy do you want to leave behind? How do you want to motivate yourself and others? How will you leave your mark when helping other students? I want others to feel confident in their education. I want to contribute to a positive trading community that keeps track of other traders statistics. Let us hold ourselves accountable and others! 

Thank you everyone for reading this blog post and I hope this encourages you to be fully transparent and helps you realize just how important it is to invest in your success. It takes time to create a helpful routine that pushes you to your full potential, but once you start letting yourself “out there” it truly holds you accountable and creates a successful habit that will help you grow as a trader and as a human. 

Make sure to leave comments below (I try to respond to them all when I write my next post. for quicker response leave me comments and messages on Twitter @tessalamping … If I miss replying make sure to find me on Twitter as sometimes I reply and it doesn’t post for some reason).


Cheers everyone and stay safe, stay transparent!





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 $7000+ since the month of June 27th, 2019. 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. Also, make sure not to invest with anything you are not willing to lose, Cheers!

 Hello there, My Name is Tessa Lamping and 
         thanks again for reading my blog!
https://cdn.profit.ly/static/images/affiliate_assets/profitlyad-sykes300x250.png

3 Comments

  • Billy Dixon says:

    I haad lost my motivation the beginning of the month with weeks of losing trades. This week I am drowning myself in TimothySykes YouTube Videos. In a lot of cases it is Me vs ME. I find your posts very encouraging.

  • Unknown says:

    I am so happy to hear that you are continuing your journey. Most traders quit right before they experience a break through. Keep up the progress, paper trade if you need to, and grow that knowledge account. You can only get better!

  • shane lee says:

    Also the brokerages charged differ, some online stock brokers charge a flat rate while other charge a decreasing rate as your volume of trade increases. intraday trade

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.