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Check Out The Prior Blog From This Series:
-Days 1-3: How this $250 Challenge Works
Account Updates...
$250 Account: Started at $256.82, starting day 4 down $0.12
$50 Account: Started at $51.88, starting day 4 even.
Day 4... 4/22/24: $SNAP is a stock I am watching from our blog trade idea. It fell off after market open down to $10.88 but recovered on the 4H chart, closing back above $11. During pre-market I was actually watching to enter at $11.55. I decided to stick to my Trading Psychology plan, which is to NOT trade during pre-market, as my emotions aren't in check that early in the morning. I actually fell asleep in the middle of a volatile day trade once at 6:00AM, which is why I decided to make this a part of my plan. Also the strategy that our Technical Analysis Coach Jay teaches is strict about not using Pre-Market and After-Hours candles as criteria for entry. I'm glad I didn't let my emotions get the best of me this morning, as I would have ended up losing money on the day. This one never hit entry for the day during regular hours, so I didn't enter.
I am also watching American Airlines to see how it plays out at our $14.65 entry. We are playing it from $13.03 from the blog in our discord. This one also didn't hit entry.
Today was a good day. I was tempted to get into Snapchat during pre-market but practiced good trading mindset techniques we talk about in our trading psychology streams and didn’t jump in early. The price broke above the entry level during pre-market, but pre-market isn’t part of the strategy that I'm following. I instead decided to wait until retest and confirmation. This ended up paying off, as I would have lost money had I entered.
I also resisted the urge to get into $AAL. I’m waiting for it to break above the next entry level from our blog post at $14.65. I thought about entering early because “well if it’s going to break above the entry level, might as well get early”…. That’s a big IF… I'm glad that I didn’t enter, even IF it goes up from here (it didn't). I instead took a break and went on X and did some research into some meme coins to YOLO into. See the prior blog in this series to see exactly why I have this YOLO Meme Coin Account!
Day 5... 4/23/24: Well MOG coin is up around 60%, there is a picture of Doja Cat eating a $1.50 Costco Hot Dog going viral on social media, which hopefully pumps Costco Hot Dog coin lol. I'm about even on this YOLO $50 account. For the $250 account all I hold still is $CCL, and I'm up 5%. This is great. Even though that’s only $0.70, we were able to practice good trading mindset strategies, and uphold them with this account. If we can do this consistently on a $250 account, this is great practice for when we have a $2,500 account, or even $250K. It’s all about building a foundation.
Day 6... 4/24/24: Nothing much to report up 5% on $CCL, and up a few dollars on the crypto account.
Day 7... 4/25/24: Solana and the Meme Coins I have on the Solana blockchain all took a little dip. I'm down around $3-$4 on that account, but these meme coins fluctuate pretty hard like this daily, so I'm not worried at all. Thinking of getting into some other ecosystems to diversify, like NEAR Protocol. Up 7% on $CCL.
I update this account in real time in our Free Trading Discord!
