Hey guys, this is a *Black Friday promotional message* I wanted to share. Full disclosure: I personally use this trading journal. There are many options out there however this one gets great reviews and is very easy to use. I'm personally happy paying for a service like this to make tracking things much easier. I have the Pro Plan. You won't need this until you're paper trading regularly / trading with real money. Full transparency: Also, the links here are affiliate links. This means I will get a commission if you sign up for this service through these links at no extra cost to you. You do not need to use these links if you don't want to. You can go straight to the website and still get the deal. Remember they have a trial so you can always test out the service. Visit TraderSync here. Here are the Black Friday Sales: Elite: $27.98/mo (Save $623.61) – Use coupon ELITEFRIDAY Premium: $20.98/mo (Save $347.65) – Use coupon PREMIUMFRIDAY Pro: $14.98/mo (Save $179.70) – No coupon needed! Visit the official website here to get 65% off. Why I use this journal. Journaling your trades is something you will definitely want to do to track your performance. For me, I'm willing to spend money on a service that does this for me. You certainly don't need to, and can journal manually using a spreadsheet if you wish, however software like this does provide additional metrics. Bottom line, it's very convenient and helpful, and I'm willing to pay for that. That being said, there are other journaling services out there if you want to review / compare. This service does offer a free trial. When you use this journal, your brokerage will autosync to the software, or you will have to upload a spreadsheet. Interactive Brokers autosyncs, and I tested it with Questrade where I simply downloaded a spreadsheet of trades for a given time period, and uploaded it to TraderSync. All the info was there so it worked well for me with 2 brokerages. So super easy to use. Again, consider the trial.

Was just wondering, what’s the best way about doing my research with this website you’ve provided. Should I just write down everything and keep going over it to the point where if someone asked me about etfs, bonds, stocks etc I would be able to confidently answer the question?

Hi All my name is Pete and I am new to the group, Stumbled upon the podcast/wiki, thanks @Tyler Stokes for creating this space and taking part in community dedicated to helping traders in their beginning pursuits. I was drawn to trading after leaving my 9-5 to study it full time in an attempt to create a work from home lifestyle. While exploring career options stocks and trading kept popping up and decided to take a course, not really conscious of the fact it was mostly centered around a community doing crypto based trading. I am feeling uncomfortable with the VPN/Legal/sticky aspects of the crypto world, but have learned some amazing strategies over the course of the past few weeks. Do I stay the course in crypto or reevaluate another option?? Would love to know your thoughts and feedback.

After paper trading for some time now, I can certainly see how easy it is to make some common mistakes, and these would be amplified with real money. There are many good strategies out there, and it seems that "sticking" to your strategy is probably the hardest thing to do, and what separates winners from losers. I can see this now after the drop in the market yesterday, and I've also recently came across this statement from the book The Best Loser Wins. Sticking to your strategy is the hardest part. I would imagine many other texts / guides agree with this. Here are the rules I've been working on following for the Market Symmetry Strategy I'm learning: - Stick to the strategy - Never chase price - Limit position size - Buy at support, sell at resistance - Stay uncomfortable (buying at support feels uncomfortable) Find more details about these here. These seem pretty easy to follow, but they're not. I've experienced FOMO, overtrading, and emotional reactions recently and can see how easy it is for people lose money trading. For example, I was buying COIN at support levels and on Thursday when the market had a down day. COIN dropped after earnings and kept falling through every support level. I ended up allocating more than 10% to this position, and overtraded instead of waiting and being patient. Based on various sources I feel COIN is going to do really well, and I veered off the trading rules and allocated too much in fear of not buying the bottom / reducing my average cost. These mistakes are very easy to do, and they would be amplified with real money. Now a large portion of my portfolio is stuck in a stock that is down, and I'll need to potentially wait many days or weeks for the position to turn green hopefully. Bottom line, you NEED to stick to your strategy and stay disciplined. Practice with your paper trading account because when you risk real money and run into a situation like this without practicing it or experiencing it, it very well might wipe you out.

All, I learned a valuable lesson over the past week, and I wanted to share and get your thoughts. I was investigating the Postion trading/swing trading strategy. But because the markets were so crazy, it seemed like the support/resistance levels had jumped up. I ended up holding into a stock for too long and it took a dive. I realize is that goin into each trade, no matter what, I need an entry, a take profit and an EXIT point. I am still paper trading, Soni didn’t lose any real cash…but ouch! So my main lessons: 1) be careful studying charts with recent volatility 2) always set entry, and exit and take profit points. Did you notice this or have problems like these?