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Honestly, a lot of the trading in Dec. / Jan. was better than more recent trading, despite appearances. On days when profit was on the low end, I kept to my plan of only trading mostly 5 or 10 share positions, so I could keep learning and practicing. More recently, I've been scalping 100 and...

It's finally starting to look profitable. Ignore the cumulative p/l before December. It looks like there's a glitch in the trading journal.

On second thought, an intraday trade with 5% risk seems a bad idea. 10% intraday gain? Not likely enough.

Talk about wild biotech...

As simple as gap and go 5 minutes after market open. No, but there’s a lot more to it.

This makes sense, given the larger trend, even intraday. I see so many smooth, diagonal chart patterns that, had I better understood why they were trending, I could have taken advantage of, if I were willing to test the validity of my thesis/analysis with actual money. The losses from trying to...

I am approaching day trading as an acquirable skill that some people have proven themselves capable of acquiring. Simulated and real trading are like night and day. I started early with real money for the experience. Revenge trading is unique to real trading.

Good advice. Right now, plan is to look at the reports that a reputable professional trading journal generates (free version) and try to reproduce the reports with my own spreadsheet, one element at a time. I’ve gotten started by making a chart of my win percentage (abominable). Automating...

I will probably have to set a maximum loss per day — maybe 5% and keep an eye on the day’s PnL — provided that I prove a strategy that yields wins multiple times my losses.

I’m going to spread my risk more evenly between day trading and swing trading, but first learn how to swing trade! It’s more likely to be profitable than day trading with my current ability (i.e., lack thereof). Day trading, I’ll practice, with small position sizes or the simulator, at market open.

I have no idea how I could have lost so much on this. If I’d simply bought AGTC and held it through this pattern, I would’ve been just fine. It looks like I started off thinking the first red candle was a sign the price was going to drop lower, so I manually stopped myself out, for a...

losses concentrated in two symbols Jan. 9: AGTC (707.72) Jan. 17: SNCA (236.93) total: (944.65)

If I’d followed the rules I mentioned, I would’ve performed better but not enough to be profitable. Rules: after 3 bad trades or 1 good trade, stop (applied to first 8 trading days, without accounting for whether any losing trade exceeded my maximum risk tolerance) Gross: 3.16 Net: (31.94)

Day One: January 8 Gross: 7 Net: (43.04) Whew! I lost out on commissions but at least I treaded water. Day Two: January 9 Gross: (589.00) Net: (726.60) Oh my fucking god! What the fuck just happened?!!! Day Three: January 10 Gross: 31.07 Net: 29.08 I feel good. At least I redeemed...

Man, I got a lot of homework to do! Maybe I'll have to skip trading for the coming week, at least, just to do all that analysis. I'll likely be back with some insights on what I found. Thanks!

To answer that question, I think I’ll need to retroactively apply the “3 strikes rule” to my first days of trading (9 days altogether), as well as another rule I’ll probably stick to: 1 good trade a day. Some days were profitable and others could have been if I followed a 1 good trade a day...

How I'm managing risk on Tuesday. Using only 800 to trade, with a 1340 account balance. 2% maximum risk per trade 1340*.02=26.8

Hi, I read a little of someone’s psychological day trading journal here, and I thought it was a good idea, so I’m going to start one of my own. I’m completely new to day trading, only started using the simulator late November last year, and have started using real money (beginning of the...