I've been working a lot and studying my ass off watching Tim's "How to make millions" and pretty much anything else I can get my hands on. I've been paper trading stocks and doing quite well. The paper trading account is up to $186k now.
I've purchased some digital currency, which has been soaring.
I've been going through Dux's trades (Top student of Tims) and am very slowly gathering statistics to aid in my understanding of his personal success. I study while I am driving by listening to videos.
I've also opened an E-trade account with $3,000 as of now and learned a few things. #1. You can't short OTC stocks AT ALL with E-trade, so I will likely be getting another account elsewhere as well. I've learned that E-trades data/charts shows WAY more detail/volume than Trading view. I'ts been pretty interesting learning more and more.
Dux is heavily short biased and seems to take an average of just $.15 of profit per share on his trades, and about that much on his losses.
I have since taken 2 trades with real money. Losers so far, but I have learned a lot. I have been watching Level II and was actually pretty well aware of my impending losses just because of the Level II.
I tried to dip buy DRWI and saw a wall of sellers at $1.25 for a long time. I should have gotten out at break even.
My second trade was today. it a was a blatant pump and dump $DRNG. I learned some lessons today, or, reminders anyhow.
#1. the crash was too gradual. remember, you want to catch a falling knife. The faster something is crashing, the better the bounce is likely to be. Why? Its basically the opposite of a short squeeze, the buying (in this case selling) simply becomes exhausted.
#2. Look to buy at obvious major support WITH turning action on the level II. the problem I made on this trade was that I just bought at minor support (with thankfully a starter position) but there was no indication of bottoming.
Anyhow, got a lot of work to do and not a lot of time to do it in.
