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2020 recap for me
1) had my biggest week ever in January with swing trading.
2) had my worst week ever with swing trading in January. Bought on the Friday dip when covid announced. Monday gap down huge. Learned what hedging means if ultra long.
1) had my biggest week ever in January with swing trading.
2) had my worst week ever with swing trading in January. Bought on the Friday dip when covid announced. Monday gap down huge. Learned what hedging means if ultra long.
3) was green 80% of the weeks from October 2019 to August 2020. Goal was $500 a week. Didn’t hit it every week. But learned that if trading goal 
is a set amount. Don’t Rob from the crockpot to make weekly goal. And assume can buy back lower. Keep the core.
is a set amount. Don’t Rob from the crockpot to make weekly goal. And assume can buy back lower. Keep the core.
4) learned to put together a shopping list of strong companies want to own for crockpot. Came in very handy in March.
5) I look at the insider buys on finviz nightly. Biotech habit
I’ve never seen so many
5) I look at the insider buys on finviz nightly. Biotech habit
I’ve never seen so many
5) so many insider buys in mid March at the lows.
6) assumed market would tank again at some point so sold many March buys like $ISRG $UHAL $ROKU $COUP $NOW $PODD $NVDA $ALGN $HD $CRSP $KURA $TGTX etc
6) assumed market would tank again at some point so sold many March buys like $ISRG $UHAL $ROKU $COUP $NOW $PODD $NVDA $ALGN $HD $CRSP $KURA $TGTX etc
7) being down on investment 4 over a year or longer then once get to breakeven happy 2 sell 2 get money back. Bad habit 2 have. Did it with $WKHS $NIO. Bought as electric secular theme.
8) worst single stock losses of swing trading career. $MGEN $BLCM. Just take the small loss
8) worst single stock losses of swing trading career. $MGEN $BLCM. Just take the small loss
9) had some twitter buds play 2020 dip extremely well. they now retired from the man & working 4 themselves 
life changing money 
10) don’t be scared to take swing trades and assume market gunna tank at any point since disconnect between economy and market.
life changing money 10) don’t be scared to take swing trades and assume market gunna tank at any point since disconnect between economy and market.
11) worst intraday habit is buying failed breakouts. I use alerts on my phone and realize that have to watch the price action and volume for confirmation. Can’t just take the alerts since don’t have time to watch since busy.
12) Don’t have strong bias - just follow price action
12) Don’t have strong bias - just follow price action
13) been gun shy since September since had a red September. Was scared to take a loss. Had to size down like everyone says just just to get my feet wet and get back in the ring
14) make two separate accounts finally - investing and trading. Help me not confuse the two
14) make two separate accounts finally - investing and trading. Help me not confuse the two
15) don’t give up on a breakout. Keep an eye on it. As it can test it many times before the big move
16) watch for second and third day plays. Don’t think they are gunna just drop back.
17) look at prior days high and low and support and resistance. These are important.
16) watch for second and third day plays. Don’t think they are gunna just drop back.
17) look at prior days high and low and support and resistance. These are important.
18) making a PEG or big ass gap list helped me this year. Ur only as good as what stocks you play. Watch them 4 pullbacks & up moves
19) play the sectors that are hot. Why stick 2 just the usual. Got 2 adapt 2 have momo on ur side. If bio hot, tech hot, EV hot etc - play those.
19) play the sectors that are hot. Why stick 2 just the usual. Got 2 adapt 2 have momo on ur side. If bio hot, tech hot, EV hot etc - play those.
20) trade less. No need to force stuff each day or week. Watch 4 bigger time frame moves
21) let trade come to ur idea before entry. Don’t force it since don’t have time to watch.
22) don’t compare yourself to others in trading or investing - u be u. We all learn at dif rates
21) let trade come to ur idea before entry. Don’t force it since don’t have time to watch.
22) don’t compare yourself to others in trading or investing - u be u. We all learn at dif rates
23) mental toughness, grit, psychology are the utmost important in trading.
24) play the best setups. But takes a long time to figure out what those are. Play those.
25) keep asking questions. Keep trading. 10000 hours thing.
26) Surround urself with like minded, good people
24) play the best setups. But takes a long time to figure out what those are. Play those.
25) keep asking questions. Keep trading. 10000 hours thing.
26) Surround urself with like minded, good people
27) focus on a good trade. Don’t focus on PnL.
28) if focus on good trades. Then be ok with the loss.
29) don’t try to win money back later in day - stats show I do worse when that mindset happens
30) focus on the open and close
28) if focus on good trades. Then be ok with the loss.
29) don’t try to win money back later in day - stats show I do worse when that mindset happens
30) focus on the open and close
And lastly - none of this matters with your health and well-being and your family and friends
