Hello Everyone!

Happy Valentine’s and Presidents Day!!

I hope you all enjoyed Valentine’s Day and are taking advantage of this three day weekend to study up! Today is President’s Day and this weekend my grandparents were telling me that I am a relative of two Presidents that we have had in the past. President Rutherford Birchard Hayes, the 19th President of the United States from 1877 to 1881. The other President was Van Buren, the 8th President of the United States from 1837 to 1841 according to Wikipedia. Pretty Crazy!

Valentine’s Trade  

Anyways, for Valentine’s Day I was rewarded with a positive trade on $NBEV that I had held from Thursday. It scored a 69 on Sykes Sliding Scale so I wasn’t planning on being greedy. I set alarms from premarket open until market open; waking up every half hour to see if the stock spiked enough for me to take a single or was it tanking and in need of cutting losses quickly. I never hold and hope as that is not a strategy and can lead to way more stress than trading should have. 

($NBEV Trade Courtesy of StocksToTrade)

For $NBEV it was a First Green Day that began to dip. I saw it forming a flag pattern and I clicked to Sykes Sliding Scale to determine if it was safe to hold an overnight position. It turned out to be a 69 so I was preparing myself to either cut losses quickly had it dipped below my risk level or wake up early and take my single. I got in at $2.24 near the bottom of the flag range with only a few cents left as my risk. I figured with such a quick spike that it had potential to reach the $2.40s again or climb higher. Mind you, I thought Thursday was actually Friday (which is why I was more aggressive for holding in case of a late day or preferably morning breakout above the $2.40s on Monday). As I am preparing to trade less once I go live, I wanted to hold overnight. Remembering that listed stocks trade after hours and premarket unlike OTC’s, I had to watch until I left for work near 8pm EST. That night I realized it was only Thursday. Before bed I set my alarms starting right at premarket open incase the stock spiked and I would decide to take my single. Since it was having trouble breaking $2.40 and just hanging around the @2.30s after hours and premarket, I decided that it may be difficult for this stock to spike any higher with lacking volume. Taking my single regardless of it being Friday turned out to be a wise decision. I had just fallen asleep on accident as the stock spiked to $2.45. When I woke a few minutes later and saw, I immediately set my sell to $2.43 as it failed to go past the $2.40s again. My win turned out to be roughly 8% for a solid safe single. 

By recognizing these few signs, I was able to profit on Valentine’s Day before the stock tanked around market open. It scored a 69 and there was a good reason to be overly cautious and PREPARE for a potential disaster if I got greedy and tried for a morning spike.  It is better to sell too soon than too late and give your hard earned money back to the market. Never feel bad for sticking to your plan! Always stay humble to the market and never get too cocky as the market doesn’t owe you money. I am SO thankful to have Tim as my teacher and I can dedicate as much time to studying what he has to offer as I possibly can. I never thought I would be able to make these kinds of decisions until I found him.
(ScreenShot of $NBEV Courtesy of StocksToTrade)
To Take Safe Singles OR Try For Homeruns?
(ScreenShot of $GNPX Courtesy of StocksToTrade)
I saw $GNPX on top % gainers on StocksToTrade premarket. It looked decent as the volume was gaining but honestly I was too exhausted stalking $NBEV. I watched $GNPX spike just before I passed back out. It was my perfect morning spike that I was wanting $NBEV to do. So was the 8% gainers worth missing out on a spike like $GNPX? Yes, for me it was worth it. I will happily take my single and miss out on another trade where I could have possibly made more. Yes, I do wish I wasn’t so tired that I couldn’t focus on $GNPX, but I am not heartbroken as any single is still a single and singles Add Up! More than likely I would’ve sold $GNPX too soon anyways and collect my single from that stock as well. I hope you took your single from this trade and didn’t get greedy and try and go for a home run. Although I am paper trading, I am very close to going live…
Trading Psychology

As I am preparing my mindset for live trades, I heavily contemplate my trading strategy. I repeat to myself many, many, many, MANY times a day that, “Singles add up“, “Trading scared makes trading not as scary“, and “It’s a marathon and not a sprint“. All three Tim teaches in his courses constantly! I fully agree with these statements! I do not take these lessons lightly. By preparing myself to be satisfied with 10-20% gains, the pressure of hitting homers or making a ridiculous percentage on every trade doesn’t cross my mind. Missing trades are okay to me because, repeat out loud with me, “There WILL always be Another trade!” It may not be right away, but it WILL happen! Knowing this, is my advantage to prevent myself from over trading. I would much rather miss a trade and watch it by knowing I am on the right path than having anxiety by feeling FOMO (fear of missing out). 

In Conclusion

Taking singles and cutting losses quickly when a trade doesn’t meet your plan requirements is okay. Just because a stock isn’t following your plan does not mean it has to turn into a percent or dollar loss for you to exit a trade. You are in this game for the long haul so make sure you train your mind for this marathon. Create positive habits that will push you towards your goals instead of having a gambling/degenerate mindset that will set you back. Take advantage of Tim’s Sliding Scale as you may enter into a trade without realizing the potential disasters that could occur. Make sure you PREPARE for every trade. Take your time when trading. Don’t rush profits or your journey. 

Let me know how you feel in the comments, on my Instagram, and on my Twitter… Do you prefer singles or home runs? How do you handle FOMO? I can easily reply on social media as I am still trying to figure out why I can’t reply in my own comments. 
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!


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