Happy Weekend all!
@mirren hope all is well, just a quick question. Is there any way at all I can access an archived thread or anything related to the EDUCATION thread, in particular those charting lessons and quizzes that was run I believe by @Jako8557 and another individual. @Cabbie used to place his charts aswell as other people like @Jnnl MSI64 or something like that. Would very much appreciate if anyone could let me know about it. And perhaps whilst I'm here, what are the rules around having a Red Heart? I have tried searching here but found it quite hard to find transparent info on the criteria required. Thanks in advance
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My 2021 Journey:
The $3,000 account I started with in 2017, was grown to $20,000 by late December 2020 (hows that for get rich quick!?)However as many know, I have shared that I have given back well over $10k which costed me mentally as much as financially (to my trading account), over the period of several months starting early Jan 2021. I had to basically completely stop, walk away from the screens and not try and trade again. My confidence was blown, any ability I thought I had, any skills I accumulated over the years VANISHED. Had I had not forced myself to stop my own slippery slope with little family or peer support I WOULD HAVE ended my 4 year trading career in just a handful of short months! Ie COMPLETE account blow up!
Since Then:
I have barely been taking trades. My remaining capital (close to $6,000) has been tied into stocks and options since July 2021 without much real movement however it's taught me patience, aswell as recognising I still have the ability to pick stocks ahead of time. To keep my intraday trading skills sharp, I've recently been playing The ASX ShareMarket Game. Not doing outstanding but I did post a screenshot below if anyone else plays here would be cool to know
In saying that, I transferred a small $1k amount from my savings which was collecting dust and losing value, to re-trade markets and put past fears behind me. Made a trading plan on RDT. Bought shares on Thursday, 3.19pm at 79c with the goal of selling into an intraday late arvo bounce, with intentions to hold into Friday provided it didn't sell too hard for a respike towards 90c. However, if I was wrong, I would be willing to cut at 75.5c.
Shortly after placing Buy order and filling, PRICES DUMPED and I once again thought OH BOY here we go once again (a recurring theme the entire year) ! Hit 73.5c but I decided to hold for that Friday move to get that spike. It retested 80c with no follow through so I didn't want to see the drawdown of Thursday. Had to respect the plan and the fact it couldn't really spike on my timing the way I liked it. I am just proud of the fact that I had a trading plan, picked the right play and direction on it + got out of my comfort zone and put myself somewhat back in the game with cash on the line going back to good habitsEven if I had managed to sell at 80c, I would have still lost, because brokerage would have eaten profits. P.SI was about to re-amend my order because it seemed to have held, took maybe 1min for someone to line-wipe my only shares for sale. They beat my procrastinating a$s lol
The Loss was -$52.56. Had I held, would have been +$93.99 but oh well!$40 brokerage in and out is 4% on my $1,000 trade
Hope everyone did much better!Xx see you all tomorrow
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