Introduction.
Hey! I am Chris from Europe. One of the nice things for me is that i can have a full-time job and still trade because of time-zones.
I work from 7a.m. – 3p.m. At 3.30p.m. NYSE opens which allows me to do both things: working and trading.
I am trading for about 5 years and i specialized in A+++ dividend stocks giving me a yearly profit of roughly 10% after taxes. Two years ago i wanted more and started daytrading.
With dividends i had a strict plan on what to buy based on a lot of factors (feel free to ask me about it anytime) and in retrospect i should never have stopped doing that cause with daytrading everything changed….
Summary for Day-Trading Beginners.
A) Never trade emotionally!
B) Set stop losses!
C) Do not start with small Biotech stocks
Status Quo.
I had to learn the hard way that there is something worse than trading without a plan and that is trading emotionally.
Influenced by a stroke of fate in my family I invested in companies researching cure for a specific illness.
That ended in 1 company going chapter11, and 3 others being -90% on my investment after failing phases of their drug development program.
That is when i started to develop a plan for my trading. I found my niche in reverse merger plays. The problem was the same as with trading dividends: Those investments are swing-trades and it sometimes takes up to 6 month until you see some profits so i started to look for something different. That is when i found Curt’s Trades on Twitter.
I purchased a 3-month membership because i did not want to follow a guru but more learn how to day-trade with a plan. That is basically what i do from Day1 since i joined Curt.
For me it is my last chance of being a profitable trader and the journey is hard and still at the beginning. My whole lifetime I set goals in my life, so I have them too with daytrading:
Short-Term Goals.
A) Within my 3 months membership my overall trades (including all costs and taxes) should be positive.
B) My membership costs should be covered by winnings End of August 2017
C) My membership-renewal should be covered by winnings End of August 2017
D) A membership on www.tradingviews should be covered by winnings by End of August 2017
E) Reviewing all Videos of Curt and studying, studying, studying….
Mid/Long-Term Goal.
A) Getting back my initial investment and turning that into a profit
Status: Goals.
| Symbol | In | Out | Profit |
|---|---|---|---|
| DCTH | 00.12 | 0.185 | + $ 485.66 |
| PLUG | 02.17 | 02.24 | + $ 30.14 |
| ETRM | 06.25 | 05.50 | – $ 119.32 |
| PBYI | 73.00 | 68.00 | – $ 83.03 |
| SNAP | 21.74 | 21.30 | – $ 39.55 |
| VIPS | 13.02 | 12.80 | – $ 39.02 |
| SRNE | 02.20 | 02.05 | – $ 205.81 |
| SPWR | 09.11 | 08.92 | – $ 63.44 |
| MARA | 00.48 | 00.38 | – $ 366.72 |
| OVERALL | – $401.09 |
(Start: 24.05.2017) (Note: All trades above reflect my research and do not mirror any trades by Curt)
Will keep you updated!
Peace.Chris