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  1. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 16: Beginning of day: $43400.00 End of day: $42851 P/L: ($549); -1.26% Took out $2,092.74 to keep for loan interest payments and bill payments that will come up later in May. Switched over to IB. Woke up late, went to work, and checked the markets late. Saw the nice bounce and rise of DUST...
  2. W

    Took out a loan to transition to full-time trading. 24 years old.

    Hey thank you so much for the extensive breakdown. I think I'm understanding what you are saying and it's great to see what other people are doing. I feel you're a lot more technical and trade a lot with trading knowledge than me. I think I'm a little less technical, use less signals, and tend...
  3. W

    Took out a loan to transition to full-time trading. 24 years old.

    Got in at $29.36, a pretty lucky entry. Also thanks for the link to chat with traders. It was fun to listen to Jesse. However from what he is saying on the interview, I think he is a total amateur that still doesn't have the most basics in trading down. LOL this coming from an amateur (me)...
  4. W

    Took out a loan to transition to full-time trading. 24 years old.

    Yea, pretty accurate. Not much signs of risk management. My thought was ride the bounce, and exit if it went down 1% from where I went in. That is a "plan" but is nothing close to good risk management. If you were in my shoes, how would you have played the VRX bounce? I had $35,000 in my account...
  5. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 15 Correction: End of day: $45492.74 P/L: $10492.74; +29.98% Sold all my positions in VRX except 1 share because of a mistype, and the share rose more than 2%...haha wow.
  6. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 15: Beginning of day: $35000.00 End of day: $45491.95 P/L: $10491.95; +29.98% Haha...started the day off with DUST. Thought GDX would break early because it rose so much in such a short period of time but nope, it would not. Was still in DUST when I saw the big drops in VRX due to Warren...
  7. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 14: Beginning of day: $38341.64 End of day: $35489.82 P/L: ($2851.82); -7.44% Weekly P/L: -5.46% YTD P/L: -0.27% Withdrew $489.82 for personal expenses and will start Monday with $35000. JBLU (332.39) AAL (2262.49) TSLA (1024.46) VRX +998.25 DUST (230.73) Hm... started the day with...
  8. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 13 Notes: Thinking back on today's trading, I made critical mistakes that explains the huge loss. I started the day with small positions in VALE and DUST. If VALE's support broke, there would be a downside of 3+% and also the chart looked like it had a downward pressure. I went in with 25%...
  9. W

    Took out a loan to transition to full-time trading. 24 years old.

    Yea job is taking a toll on the returns. Im probably going to call it quits if its goes under 25000.
  10. W

    Took out a loan to transition to full-time trading. 24 years old.

    The trades are whenever I see an opportunity and in today's case, was right before work and during work. Yea I shouldn't have gone in based on my trading plan yet I thought it would be okay if it was just a small position. I'm not sad about VALE but I messed up big on DUST and that was just me...
  11. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 13: Beginning of day: $40926.56 End of day: $38341.64 P/L: ($2584.92); -6.32% lol... a big gain always followed by a big loss. 3 big gains so far and 3 big losses so far. sigh.. the day started out very strange with no good setups in any of the stocks. Went searching for new charts yet all...
  12. W

    Took out a loan to transition to full-time trading. 24 years old.

    thanks for breaking it down. Only income will be from my trading and $3000 monthly expenses include everything such as rent, phone bills, interest payments on my loans, etc. except food/gas/other expenses that might occur. Yea no kidding, this is a lot of risk.
  13. W

    Took out a loan to transition to full-time trading. 24 years old.

    Not consecutively... there was a day in between the two 9% losses. Haha.. It was me not following my trading plan which factors in a lot of different things, such as: 1) Having a killer 1st week of making 15% return. 2) Daytrading live after not being able to for years 3) Underestimating the...
  14. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 12: Beginning of day: $40441.29 End of day: $40926.56 P/L: $485.27; +1.20% Started the day with positions in NFLX and FB. Played the bounce well but had to cut it short because I had to get ready to go to work. I don't like to have positions open when I'm not watching it so I cut it short...
  15. W

    Took out a loan to transition to full-time trading. 24 years old.

    I have a list that I scan in the morning. Mostly namely big name stocks that has a lot of volume. I look for big changes in the mornings and watch the ones where I think has a lot of clear direction + volatility. If those don't play out well I search through my watchlist again to see if there...
  16. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 11: Beginning of day: $37698.41 End of day: $40441.29 P/L: $2742.88; +7.28% Started the day with a bounce play of FCX. Then went on to bounce play of DDD. Could not get into JBLU, did not think the bounce would be that big. Near end of the day, got a little bounce from FB. Giving myself 2+...
  17. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 10: Beginning of day: $37541.04 End of day: $37698.41 P/L: $157.37; 0.42% Boring day today. It was a hard market to make money. Played with NFLX, AAL, FB, and FCX today. AAL just did not bounce; FB was alright; NFLX was the deciding factor today of whether to make money or not. There was a...
  18. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 9: Beginning of day: $37205.25 End of day: $37541.04 P/L: $335.75; 0.90% Weekly gain: -9.61% YTD gain: 5.12% Played with FB, UA, and AAL today. Made a solid return with AAL's bounce but gave a lot of it up while trying to time the bottom with FB. Profit is small but given today's boring...
  19. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 8: Beginning of day: $40979.67 End of day: $37205.25 P/L: ($3,774.42); -9.21% Where to begin. Remember the guy that was talking about how he will not have big losses again? Telling himself to play defensively and control position sizes. I believe that was just earlier this week. Well, you...
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