I've been testing my system on the stock market for quite a while... I was basically paper trading and used the thinkorswim platform to mess around in the last 20 days and it seems to be working great, in theory and paper money, so I decided to give it a go this time for real!
I just bought 0.7 shares of American Airlines using the Revolut App.. excited to see if my system works in stocks as well as it works in FX!
Surely I will be looking to give it a test on an actual trading platform, its just easier when you have SL's and TP's... and see everything on a screen rather than a phone.. but it will do for now!
Ok, so before I go over this trade I want to remind you that tomorrow I will be going LIVE two times, both sessions are live day trading sessions in which I will focus on news events to give me a push... if there is a PM pattern of-course!
The sessions are still free to attend, so if you want to see my system in action live, register!
Both times are quoted in GMT!
The main goal of these day trading sessions is of-course to achieve profit... but it is just as important to learn and teach, I say learn for me... improve... trading is just like any other profession:
The best at what they do, sports to anything else, continue learning. I am using successful people in all endeavours as my guiding light... that is why I went back to demo trading... to continue testing, improving, scouting. And its given me motivation and clarity!
The trading I will be doing in these sessions is of-course on a live account! Anyhow, hope to see you there tomorrow!
AMERICAN AIRLINES (AAL) BUY TRADE
Took me a while to decide which stock will be my first... But AAL just looked perfect!
A clean cut contraction pattern, RSI under 30, Middle of DC far, far way... 30% support on 1H and the daily chart with a nice Monday reversal candle.
This trade looks perfect to take my "stock trading virginity".
(click on image to enlarge)
So I don't know what more to write here, the pattern and trade setup is clear... but to make this better I will be making a nice little video about this! - After all its a celebration for me :D
Oh yes, before I let you go...
I am starting a new Managed service, aside from the normal MAM account I am running... I started something special, a high impact managed service which starts with deposits from 500 to 5000 and targets specific big rewards... I will explain all of this better in a video.
For now check out the myfxbook of the last test account... yeap LAST, I've done 7 so far and all 7 have reached their targets.
Next one is a live account!
Thanks! I'll see you soon!