Welcome back to my blog, in this blog I will continue talking about my history in trading.
Where I last left off I had lost a huge amount of profits in a stock called ATRN because of my unwillingness to sell in 2012, right before this stock declared bankruptcy. After this "episode" I got rid of the "guru" I was trading with at the time. I decided at this point that I was going to take matters into my own hands and learn how to trade. From the end of 2012 onward I began to immerse myself into all I could find trading related. I was like a sponge, I just wanted to soak up all the info and knowledge I could find on trading so that i would never make the same mistake again. I also began dabbling in penny stock and yes I must admit, sub penny stock trading. The allure of huge profits was there , however huge losses were also possible. I had my fair share of good trades as well as my poor trades in which I would give all the profits back, so all in all I was flat in my learning process. I did meet many great traders who became friends of mine in the process, which is always a plus for us lonely home based traders.
2013 was a year of learning, some trading and a lot of investigating. I tried it all , I was in search of the holy grail of indicators as we all are. I used RSI, Stochastic, Chalkin money flow, Force indicator ( not from Star wars I swear ) among many many others and some worked for some stocks and others worked in other stocks but at some point they all failed and I would lose money. I even had someone convince me that when all indicators were completely flat a big move was coming....lol I guess now i know it just means the stock is not doing anything.
At the end of 2013 I began to get very serious about my trading education. I had been studying on my own , not taking any courses or watching any educational DVDs up until now. I decided to invest some hard earned money into some pricey but fantastic products. I started with Cameron Fous's courses which opened my eyes to a lot of what i had been missing. His take on losses was worth the entire price of the DVD , his scans were also very simple and straight to the point. It was also the first time I had really looked into intraday trading, before this I had seen it as only something true pros would do. He made it look realistic for anyone. Next I started looking at Nathan Michaud's DVD and it too opened me up to many new things especially price action style trading. Not focusing on indicators as much but what is price telling you. It was also the first time I truly understood shorting. Up to this point I didnt care about it or understand it too much. Both DVD's are fantastic and I am glad i spent the money to purchase them. I knew however that i wanted more, and they say that when the student is ready the teacher will show up. And that is when Cameron lead me to Kunal and the Bulls on wall street group. When I saw that they offered a bootcamp I wanted to take it because I knew i needed a structured class to truly be successful , ask questions and then get to where I wanted to be in the long run. And I was not disappointed! Stay tuned for part 3 in a few days!
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