Some advice I listen to, some I don't. Some I ignore on purpose, some I try to follow yet forgot to while trading. While I think there are some out there that gives good advice, I think some people don't know what they are talking about. I try to improve. Posting in 2 different forums because sometimes one is just dull and the other isn't. And people on the different forums have a different feel and its good to get multiple perspectives.
Took out a loan to transition to full-time trading. 24 years old.
- Thread starter wabu27
- Start date
Day 24:
Beginning of day: $28669
End of day: $27376
P/L: $1,711; -5.88%
Weekly P/L: -13.73%
YTD P/L: -14.79%
Hm... started the day with oh wth what matters what I started with. airlines were just aight. Made money on WDC. Lost the same amount with FDX. Did a lot of daytrading with VRX. Shoulda just ridden it but I was thinking why im have so many losing days. Virtually, my winning days were like 70-80%. I played around alot on VRX. Should not have gambled at the end for the big move - i was betting it to go down. it went up. Hm......
2+ stars for today's trading. I really thought I traded okay today but the results speak louder than my words. Man... always starting the day positive and ending negative. Well, $2,376 more loss and I can't daytrade anymore. After having a good start to my trading journey, now I have a 4 week losing streak. If this keeps up, I won't be able to survive the next week. Will trade more carefully. Concentrate on keeping my capital rather than going after opportunities. Clear my head for the weekend and will start up again on Monday.
Beginning of day: $28669
End of day: $27376
P/L: $1,711; -5.88%
Weekly P/L: -13.73%
YTD P/L: -14.79%
Hm... started the day with oh wth what matters what I started with. airlines were just aight. Made money on WDC. Lost the same amount with FDX. Did a lot of daytrading with VRX. Shoulda just ridden it but I was thinking why im have so many losing days. Virtually, my winning days were like 70-80%. I played around alot on VRX. Should not have gambled at the end for the big move - i was betting it to go down. it went up. Hm......
2+ stars for today's trading. I really thought I traded okay today but the results speak louder than my words. Man... always starting the day positive and ending negative. Well, $2,376 more loss and I can't daytrade anymore. After having a good start to my trading journey, now I have a 4 week losing streak. If this keeps up, I won't be able to survive the next week. Will trade more carefully. Concentrate on keeping my capital rather than going after opportunities. Clear my head for the weekend and will start up again on Monday.
Well did the train wreck unfold? Curious minds want to know. Did u switch to futures yet so that pesky 25k min can be avoided?
First rule is only trade with money that you can afford to lose.
Wow, you're scum if you're encouraging this kid, even telling him to look into futures...Sad.
