MicroMission

In 2010 I Invested $2,100.00 in $TCPS at 20 years old. It was supposedly the next evolution of 3G Internet. I had no idea what the Outstanding Share Count was. I had no understanding of where the strike date of a convertible note is. I didn't have a Roth IRA or 401k at the time. I was using OptionsHouse which charged high fees for Penny Stocks / OTC markets. I spent hours reading the opinions of other "more educated" traders in hopes of finding a diamond in the rough. I lost that $2,100.00 within 6 months and felt beyond disrespected. How can a stock go from .05 - .09 cents to ZERO within months? Where did my money go? How is this legal for this company to operate this way? Little did I know I hadn't even scratched the surface of my new found passion.

Fast Forward 12 years and I'm happy to say that I've corrected all of the aforementioned mistakes in my investing habits. While some traders prefer to diversify and maintain a portfolio of 20 or 40 positions, I tend to focus on no more than 2-5 stocks at any given time. This can increase your upfront risk but it can also increase your growth rate with acute focus and discipline in your trades. No trading plan is perfect, nobody can predict the future, the market is manipulated & money can not be created it can only be transferred. Think about these principles before you make your first trade.

My mission for Microlytics is to provide novice/medium level traders with a space for questions, discussion, knowledge share and encouragement. Anyone who starts down the road to becoming a trader eventually comes across the statistic that "90 per cent of traders fail to make money when trading the stock market". While most of these people give up and never trade markers again, a select few will fail forward and experience financial freedom.

For new traders I invite you to take some time to watch a few of the videos below. There are thousands of great books, videos, documentaries and classes covering financial markets. There is no "10,000 hour master level" achieved in trading. Even the best lose money on a bad day. Trading is an art & style unique to every individual. Learn all the layers to market analysis to make the most informed trading decisions possible. Feel free to send me a ticker symbol you'd like chart analysis on and I'll pick 3 to analyze & post on Twitter every week. Happy Trading.

Before You Buy Mental Checklist:

#1. What price am I happy to sell at?

#2. What price will I cut a potential loss at?

#3. What is the company debt situation?

#4. Is the debt a Convertible Note? Shelf Offering?

#5. Am I chasing an overbought situation?

#6. Am I catching a falling knife too early?

#7. Why do I expect a rise / fall in price?

#8. What is my exit strategy?