The Every Day Blog

 Well, obviously every day is not going to be the case as I have already blown that commitment. 

Here is how things have gone over the past couple of days... They haven't.  I have been watching the market, doing research and doing my training materials from Investors Underground, but I haven't really pulled the trigger on anything else yet.

I learned more or less what swing trading is, looked into OTC stocks (penny stock), and learned in more detail the ABCD pattern.

Unfortunately, I think there is something wrong with my TDAmeritrade account and I need to call support and get it all straightened out.  I honestly dread support calls because it is usually hours on the phone to get a question answered and there are multiple transitional phone calls etc... 

I did watch several stocks and look more in-depth for the ABCD pattern and got some more tips from my mentors about VWAP (Volume weighted average price) and the idea to start studying how a stock reacts as it tests VWAP.  I have been looking at lines of support and the idea of looking left. That means to look back at the stock and see if what is happening has been supported before.  

There was not a day this week that my mind was not completely and absolutely tired by the end of the day.   Trading is not a get rich quick scheme and the idea of actually learning how to trade instead of looking at what other people do and copying.  After I lost a few bucks on a dumb trade it made me realize that I need to understand this better.  The market, of course, is always right and I don't have to necessarily understand it but it is important to respect it. 

It is now a few days of a break until the next market open and there is still a lot to learn.

Until next time,

TNTrader  

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