Nothing to do with my trading in general, but I started this last March... Just put $500 in to see if I could do it, try to have a strong view on the company, really do the research, make the phone calls, understand cash burn ect ect... tick every box possible... they are there, you just have to spend some serious time...
Any way, I call this my bottom draw trading, I buy the stock, wait for the 100% and I get out... I did get lucky with TAM I must say, boosted me nicely past the 100% before I even got a chance to sell... that was my 1st trade in, took me to the high end of stage 3...I am currently sitting on stage 5.. Just over $13K..
When I achieve it, and I’m staying positive that I will... then I plan to write a small book on how I achieved it... just for laughs and giggles, I plan to make it comical to some extent. Cartoons etc etc.. I’m taking notes of my behaviour and emotions while watching it jump and fall but not taking spikes and just letting it get there in its own sweet time…
Personally I think I will start to fall apart in the mid 6 figures.... I’m not using stops on these guys… It’s a crazy game for me, I keep telling myself it’s a $500 game… aiming to just see if I can do it through shear believing in the company… turning a blind eye to charts, which is hard for me… but I am heading in the right direction, its slow, well feels it at times… currently its sitting in ESI… then I’m on to stage 6 , yeah for me…hahahaha
In truth, I’ve really thought hard about the 6 figures stage if I get there, will be very nervous, If I get to the 250K +, I have told myself to get on the plane and go visit the companies, head to head, look at what there up to, stalk them, hehehe… I’ll just get aggressive with knowledge on the coy…
Any way, time will tell if I’m all talk… have taken screen shots of the trades… trying to prove to myself its possible… maybe I’m crazy but its only $500...
