Switched to cash account to help avoid PDT and allow me to quickly get out of losing trades (without holding overnight). Although it doesn’t look like it, I do feel I am getting slightly better with reading the market trend, flow, and breakouts. We’ll see with this next week 👀
This week was tough. Took huge losses Monday that could’ve been avoided if I followed my stop loss and didn’t average down on a losing trade. Had to reload the account with another $250 to have enough capital to trade. Luckily, hit big Friday to only be down ~$100 this week
Welp, I’m a 🤡 who gave back all last week’s profits. War news, earnings dump (in software sector), and revenge trading really got the best of me this week. Back to square 1 this week to grow back up.
Amazing last week, but I guess it was easy to make gains when the market only went up. Sadly made mistakes averaging down and overleveraging into $MSTR. I assume I’m in for a big loss tomorrow. Let’s see if we can turn it around at week’s end!
Full transparency—this wasn’t a good week. I definitely realized how difficult it is to read the market. I over-leveraged and gambled on news, and paid the price. Time to get back on track: stay patient, trust price action and technicals, and manage risk properly.
This time, I’m getting serious by focusing on risk management to stay alive and grow steadily. Aiming for consistent gains (5-10% weekly), using swing trades and option spreads to manage cost/risk. Tips are welcome! Feel free to follow along for the journey!
Started trading during COVID just for fun doing day trading, penny stocks, and options. Blew up a few small accounts ($100–$200) as expected lol. Took time off for grad school, now getting back into it.
@unusual_whales I believe you tweeted for a call yesterday for $40, and I sadly took it 😅 that’s my fault for following blindly! You’re doing great work!
I want to give another person $500 to use for investing & a 30 minute 1 on 1 zoom call with me where I will answer all your trading questions.
To enter, like, retweet this post and leave a 🦎 in the comments. (Must be following me)
Winner announced on January 1, 2021 at 12 am
@ChazBates Oh yeah I totally agree, definitely not going to buy the shares, just want a nice 40% to build the account slowly! I appreciate your advice!
@ChazBates I’m still holding on my position! Had me scared in the morning with the market sell-off, not gonna lie, but made a good recovery. Will most likely hold till next week, setting a stop loss at $262. I’d recommend the longer date, cause to give it more time!