Net results for September day trading ES and usually one contract only. That big losing day really put a dent in my performance for sure, but my piker account grew.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Why do you still have a "piker account" if you are able to grow every month at 50%...shouldn't you be big and rich by now,
What? you grew your account by 50% in a month? Your mama would be proud.
Continuing from where we left off...
#12) Long 3646.75
Win/Loss: -4
Total W/L: -8.75
Just a reminder, these are all paper trades based on the signals generated by the algo as mentioned below.
Well, let's see how it goes moving forward...
I have low expectations, but I realize that past failures often have come from other stuff that's not related to the actual trading part/skills. So, maybe I have a chance to get somewhere if I don't mess up.I've made many mistakes in the past which I'm determined to not repeat this time around. The three main mistakes:
1) Trading when not in an ideal situation to trade, i.e., with other sh*t going on at the same time. I do have a day job in adddition to this which requires 40-60 hours per week.
Solution: Do not trade every single day or when you're not in an optimal state to trade. You don't have to.
2) Trading with way, way too high leverage
Solution: Trade with lower leverage.
3) Being in a hurry to get rich. This causes overtrading and excessive risk-taking.
Solution: Realize that trading and growing an account is a process and think long-term or even just medium-term. Don't try to get rich in one single day or with one single trade. Equally, don't let the outcome of one single trade/day ruin you.
Last edited:
What? you grew your account by 50% in a month? Your mama would be proud.
49 %.
Actually, my parents or family don't know that I trade. They bailed me out of debt and provided a loan when I blew an account at the age of 20. About $20K. I promised to never trade again.
There's not many people in my life who know anything about my trading or that I even trade at all. Probably less than 5 people. It's a bit odd to have spent this much time both developing a trading system and trading and not have anyone know about it. But I suppose trading is mostly a lonely pursuit.
There's a reason I'm spamming this thread quite a bit.
i started a 3k account last month and it's actually well into the 7ks now!
Journalling all of my trades live as I take them in my journal (posted about 500 ym points and 40 ES points today I think)
I'm playing the short side as I feel we'll keep dropping like we are for a good while yet
Journalling all of my trades live as I take them in my journal (posted about 500 ym points and 40 ES points today I think)
I'm playing the short side as I feel we'll keep dropping like we are for a good while yet