Fernando's Blog

8:22PM – Excited to start my new little blog. I ordered a new book called “Master the Trade” from Amazon and received it this afternoon. I started going through it but didn’t get down to reading it. I’ve gone through some training videos from youtube and been reading as much as I can from the internet. But most of the content that I’ve been over is the same beginner talk. Which helps and is nice to read when you start off, but after awhile of reading the same start paragraphs, you start saying; what’s next?

Been a full time Stock Trader since June, 25 – 2019. Watched Training videos and learned as much as I could about moving averages, MACD Technical Analysis, RSI, Volume and the famous VWAP, the whole month of July while trading in the simulator.

One service that I’m paying for is Trade-Ideas, which is a scanner software that helps identify stocks that meet a certain criteria. I’v made so many Alerts and TopList windows that provide so many options to Trade that I’ve been so overwhelmed with all the alerts and stocks that are popping up. I didn’t want to trade real money until, I was profitable in the simulator. After July was over, I was doing good and was in the green while trading in the simulator. So I started to Trade Real Money the month of August.

Started the Month of August with $29,291.00 in my Margin Account. My goal for the end of August was to hit $30,000.00. Unfortunately, trading real money and simulated money is not the same emotional condition. When I lose real money in the market, my emotions are out of control and I fear getting into a new trade. When I see a new opportunity and decide to jump in, I hesitate and the move continues from me. And at if I do decide to go into a trade, it becomes a chase and the trade loses momentum and my stop gets activated.

The End of August was hard to realize as I was down $773.00 and my account was lower than what I wanted it to be. I wanted to quit the first month I traded, and I didn’t want to lose any more money than I already lost. But my darling wife made me realize that I wasn’t going to be an expert the first month I tried. So I went through some of the video training again and got my mind set back.

I also contacted my broker, TDAmeritrade, to lower my commisions to $2.95 from $6.95. I didn’t get what I wanted but I did manage to get my commisions lowered to $5.50, it’s not great; but it’s a step forward.

And now with my new book, I feel like I will learn a little more about the market and what I need to understand it better. It’s 400 pages of content and I will use this little blog to keep notes and track of what I learn and how I’m applying it to the market to grow my wealth and provide freedom to my family and my future.