KGTrader4 Real Money

Ok, so here is my result for the month, since I’ve been trying to trade with some discipline. These are realized trades, in addition I have 3 trades open, CLR, SMCI, and RELL, with total gain of $200. Seems I could’ve done better, down 2.1%, SPY is up a few % in that time.
Been keeping trades small, cutting losses fast. Maybe stops are too tight, sometimes the stops saved me but other times I left money in the table.

been buying breakouts, and also sometimes buying pullbacks after strong breakout from a base,

shouldn’t have sold ENPH, wanting to buy VRTX, sometimes FOLM is stronger for me than FOMO. If I wasn’t afraid to buy high, could’ve made some money

total capital I started with is $50k, so trading usually 10% per trade

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My Stats so far, since keeping records. Started with $50,000 in trading account, August 1st
Current Value $48,650

Total trades 15 round trips plus 5 open positions
9 wins
11 losses
Average win $159.75 - .3% of starting value
Average loss $250.62 - .5% of starting value
Average position size - 11% of starting value

Total loss of capital 2.6%

So i guess i could call this a baseline with a goal of improving on this. Anything else i should be tracking? Aside from the level of how much this sucks so far?

Obviousy need to improve my win rate, which wont come until i have some rules that i follow like religion.
 

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I’m still not sure if day trading is for me, I’d like to get better at swing trading, don’t love being tied to the screen for hours like I was today. But see post below
 
I haven’t done great in my attempt to trade. I’ve been trading random stocks, based on charts, things I read in Twitter, keeping my stops super tight because 1. We are in a bear market, and 2. I don’t know what I’m doing yet. (AKA i know what I don’t know). And was starting to think maybe trading ain’t for me. Haven’t really been posting trades in my journal. In fact, haven’t traded much the last 3 weeks or so, until today (did one trade yesterday made half point, but small position!not worth mentioning)

Today was different. I don’t know why, I just felt in sync. I think you guys would call it “discretionary” trading? I was doing it by feel, and working hard to keep emotion out of it.
I mostly watched the 23 MA on a one minute chart, and traded when the slope changed.

here are the trades I did, ended the day flat (as far as trading positions go). Ignore last line, that was not a “trade “, I wrote a call against a long position. So ignoring that , 5 round trips, 4 wins, 1 loss (very small), net gain$2300(round #)

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KGTrader4 said:
I haven’t done great in my attempt to trade. I’ve been trading random stocks, based on charts, things I read in Twitter, keeping my stops super tight because 1. We are in a bear market, and 2. I don’t know what I’m doing yet. (AKA i know what I don’t know). And was starting to think maybe trading ain’t for me. Haven’t really been posting trades in my journal. In fact, haven’t traded much the last 3 weeks or so, until today (did one trade yesterday made half point, but small position!not worth mentioning)

Today was different. I don’t know why, I just felt in sync. I think you guys would call it “discretionary” trading? I was doing it by feel, and working hard to keep emotion out of it.
I mostly watched the 23 MA on a one minute chart, and traded when the slope changed.

here are the trades I did, ended the day flat (as far as trading positions go). Ignore last line, that was not a “trade “, I wrote a call against a long position. So ignoring that , 5 round trips, 4 wins, 1 loss (very small), net gain$2300(round #)

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You netted 2300 for a bit of screen time. That is higher than any other profession on earth. Don't be discouraged.
 
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