2024 Paper trading challenge
I hardly ever trade on Humpday the market 95% of the time is blood red but decided to test a theory I had of reparative patterns that I began seeing after watching the same stocks for almost 2 weeks. So what better time to do it other then this blood soaked red Wednesday. The plan was wait till roughly after lunch when the prices starts showing signs of moving up after a few hrs of sliding down or side stepping. When that happens grab a starter of 1000 shares(58.00) with a sell order set at a few bucks more(62.00) No need to be greedy since this is testing an idea thats coming from a newbie (smart for once). Then wait either it hits, make a small profit, add to the green streak (#5) personal best and enjoy. Or if goes the other way got ro decide cut loses or if still showing the signs of wanting to go up average down with another 1000 (53.00) which brings the cost closer to the price so set the sell order same as before a few bucks above cost (58.00) but now the eyes dont leave that screen cause if it just cant break then cut loses before really fucking yourself. Fortunately the theory tho sketchy did come through, sold for profit kept the green streak alive and gave me something to talk about and who knows maybe it is helpful for someond to improve on it. Disclaimer this is definitely 100% in no way any sort of financial advise just some dude from Canada sharing his experience while trying to learn how to play the game. Cheers
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A modern redneck by design, serve ADHD keeps me busy. Still wet behind the ears but starting to put it all together 9/22
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