Hey there! This past week has been an absolute blast to say the last. The Markets have been on absolute fire. Every day there seems to be an A+ opportunity. Only two trades this past week. Lots of lessons. Both were on the Short side. $GNUS was a great lesson when my thesis is bused to get out. Even though $GNUS was my biggest loss as a trader to date, cutting the loss saved me from blowing up my account. I was shorting $GNUS in the low 2’s! The stock went too high of 11 dollars before topping out and crashing. $SECO was a nice Gap Short, which I did no execute too my full potential, but manages to lock in small gains. Overall I am only down $46 on the week. Again nothing life-changing. Once more the trades that I make in the beginning me nothing the long run. Its all Market tuition. The big money comes later. This past week I saw a lot of Trades have their best week. It’s all about the process. Process over Outcome. I am coming up on week 100 of me being immersed in the Stock Market. I have only been trading with real monetary value for 15 Weeks. I still can’t believe that it has been nearly 100 weeks since I began this adventure. I don’t know where I will be a year from now, but I will glad that I kept ongoing. I will see you next week!
No matter what happens, when I read this a year from now. No matter what my account statement says, just always remember why I got into Trading. The money is solely a byproduct of my craft. Focus on trading and the money will come as an Afterthought.
Three Pillars of Trading
Effective Risk Management
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