Finally! Last November, when I went back to my original $12,000 roots (see post HERE), many people thought/called me crazy…I wasn’t crazy, just determined to show everyone how it’s possible to make plenty of mistakes and yet–if you remained disciplined…or somewhat disciplined–still use small account size as an advantage to profit from all the manipulation and hype in this the gutter of the stock market.
Took me about 9.5 months to accomplish this rather unremarkable yet surprisingly difficult feat (last time I was this poor, there were no regulations preventing me from trading too much, which was a gift and a curse)–see all the trades upon trades upon trades it took me to get there by clicking HERE–and understand that in a free financial world, there’d be no regulatory difference between $2k, $20k, $25k or 250k, but in the real world, one that is subject to terrorism perpetrated by Osama bin SEC, this $25k mark means I can now do more than 3 day trades/week.
Yes, that’s right, after 9+ months of having to tiptoe in and out of worthy opportnities, always in fear of breaking the absurd pattern day trader rule, I am finally free to trade as I wish, scaling in and out of positions, depending on whether the price action is or is not to my liking.
This is a huge victory for TIM, a giant leap for TIMkind.
Of course, while I may have won the battle, no way have I won the war as with today’s loss on FOUR (detailed post coming tomorrow), I’m barely clinging to my freedom, with my account at $25,376 (up 8% on the month 104% in 9 months, down $350ish from my highs…boo hoo Jew), meaning I have to be extra-careful here, especially with my upcoming trip to Japan (Aug. 20-Sept 1, detailed post and itinerary coming tomorrow)
Also understand that I now send email alerts to TIMalert subscribers as to every trade I make, entries, exists, rationals–so I’m not gonna be trading/alerting like a madman, I’ll still focus on worthy trading opportunities which come about only every few days/weeks, I’ll just be going in and out of them intraday more often.
As much as I’ve showed people how I make money over the 1-2 day timeframe, now begins me teaching about trading for 1-2 hours.
Get ready, without Osama bin SEC prohibiting my trading, my profitability percentage should go even higher.
Tags: Breakouts, Milestones, Missed Opportunities
