Made some money on LTSN

Hey guys well there is this new stock that I think will be getting pumped soon. It is LTSN. I bought some shares and sold them within 1 hour for a profit of 49 dollars. I went and bought another 1300 shares of LTSN for 1.15 I feel like this could easily get up to 1.30 once and if the promotion starts. We will see what happens. Also PZZI is showing signs of strength again today so I bought some shares of that as well. I think it should gap up a little bit in the morning. Tonight is my first night of classes with Tim's Trading Challenge so I'm excited to see how it is. I will keep you all updated. Enjoy your MLK Weekend !!

Made some money on PZZI

Well finally today I broke my 2 day losing streak to a win today ! Nothing to big but I'm happy. I bought 358 shares of PZZI on Jan 6th at 5.54 and sold it today, Jan 9th, at 5.71 for a profit of 58.00 ! When I bought PZZI it was holding well at the 5.00 support level and a lot of good solid volume was coming in. PZZI is actually the company Pizza Inn. The company has been reporting some good revenue and nice profits. Tim also alerted me to this stock. So thanks Tim for the alert ! I should be starting Tim's Trading Challenge this week so I will keep all of you up to date !

Always Use Discipline When Trading

Guys never feel like you need to trade because you are excited to grow you account. It is normal when you first start out trading stocks to rush into the game as fast as you can and come out a winner. It is boring to sit out on the sidelines waiting and waiting. But in this business that is what it takes. You will come out making more money by making fewer trades than making a lot of trades. I'm a victim of being excited to jump in so I made a rookie mistake and bought some stock that was moving up fast ! Well turns out I bought at the peak of the sales and it started going down. Now I did follow my number 1 rule which is to cut your losses short and fast. So I did. You can see my trade here http://profit.ly/1Mmie8. I have not started the Tim Sykes Challenge yet because I'm still waiting on my class material to come in the mail. This trade I made was all me and not Tim's suggestion at all. I decided to stop all trading until I start my classes with Tim. Hopefully once my classes do start I will start learning a lot more about buying and selling penny stocks and start making some nice profits. Hopefully this post will help you understand somewhat about why it is important to be very disciplined when trading stocks. Learn from me and my mistakes !