Michael Berkowitz

Web developer, trader at the beginning of his journey. Blog at Compounding Self-Interest:

[Michael Berkowitz @mikowitztrader]

@ZachHurwitz Obviously. 2 monitors is trying too hard. 3 means you're serious.

[Michael Berkowitz @mikowitztrader]

@modern_rock Thanks!

[Michael Berkowitz @mikowitztrader]

@TessaLamping I do want change, so I am being the changing in encouraging people I know to expand their view points by reading points of view they may not have considered. What did you think of the article I linked you to?

[Michael Berkowitz @mikowitztrader]

This is one of the hardest things for me. Fortunately, I'm getting a lot of practice losing!

[Trading Composure @TradingComposur]

Don't take losses personally.

Understand that this is not about you.

Remove yourself from the equation.

[Michael Berkowitz @mikowitztrader]

@TBradley90 @MyInvestingClub That was great! Even if I didn't ask too much this time, got a full page of notes from reading answers. Thanks for taking the time with us!

[Michael Berkowitz @mikowitztrader]

Excited for my first full day as a @MyInvestingClub member tomorrow! Tempted to stay up watching all the content I just got access to, but don't want to miss anything tomorrow, so bedtime it is. Thanks to @TBradley90 for getting me set up.

[Michael Berkowitz @mikowitztrader]

@prrobbins I think putting in the time has been helpful when learning, but my goal is to eventually not need to sit here all day. Right now I just don't know enough about the markets or my own style to know which hours are going to be the most profitable for me.

[Michael Berkowitz @mikowitztrader]

1% today: Trying something new today. In addition to making a watchlist, making a list of what went well/poorly today to encourage myself to focus on those things tomorrow.

#1percentbetter

[Michael Berkowitz @mikowitztrader]

@dannyblurry @Jonk87 That too...I'm trying to find a strategy that works for me, so I'm taking a lot of very small test trades. Not sure if that's really the best approach though.

[Michael Berkowitz @mikowitztrader]

@timothysykes Spent a good chunk of the day reading Market Wizards and reviewing Friday's charts! I'm not always a night owl like you but I put in the work during the day!

[Michael Berkowitz @mikowitztrader]

@anthropic_one Thanks! Happy to learn from your experience! I've been manually setting stops to mimic trailing stops but I should probably try actually using those instead :-)

[Michael Berkowitz @mikowitztrader]

1% today: gave everything I'd made this week back and then some due to poor timing on $UAVS. I'm still slow/freezing up on exits and I'm hoping today's lesson is the one that finally sticks. On to tomorrow.

#1percentbetter

[Michael Berkowitz @mikowitztrader]

@anthropic_one thanks! guess I just need to hear it a few more times before it sticks...:-)

[Trading Composure @TradingComposur]

Profitable trade?

Accept, let go, and move on.
-
Losing trade?

Accept, let go, and move on.

[Michael Berkowitz @mikowitztrader]

because trading is fundamentally about managing risk, and you can't truly learn to manage risk if you're not risking anything. 2/2

[Michael Berkowitz @mikowitztrader]

I'm glad I took a few months paper trading while I learned the fundamentals of the markets, analysis, and how and what types of orders to place. But despite what I'd hoped, it did *not* teach me how to trade... 1/2

[Keith McCullough @KeithMcCullough]

The only way to really learn is to lose real money

[Michael Berkowitz @mikowitztrader]

I made $20 today and was thrilled, because it was made on a solid play, not dumb luck. It's about the journey.

And managing risk/position sizing so you don't get shaken out halfway through the journey.

[Cody 🇺🇸 @OddStockTrader]

Never forget we are ALL on different levels.

When I started. I was excited to make $50 in a day.

[Michael Berkowitz @mikowitztrader]

1% today: traded $CREX pretty well, though I left a lot on the table; added to my list of rules that will help me become successful; made a watchlist; went for a run with my wife. Good day. Looking forward to tomorrow.

#1percentbetter