I am wrapping up the trading season for the summer! No big runners rn, noticed my setups edge is fading now and Nasdaq volume deceasing too. So, instead of grinding down my account with commission fees, I’m focusing on refining and automating my setups now. The overall markets are awful rn, likely fades and grinds until September imo. And that’s when Ill begin daytrading again!

I started the year with a $10k account as part of my Small Account Challenge. Now I'm ending the season with $20.6k or a +106% return. I give myself a B- for performance, I should have definitely done better. Had a few big losses that I was way oversized on but was fairly disciplined overall. This 2022 market is just tough (look at Madaz’s year-to-date performance). Just making money is definitely a WIN.

I took 441 trades. Which is more than I shouldve taken. My 2022 win rate of 37% is the lowest it has been— my past 2 years have been closer to 40%. Not surprisingly, 90% of my profits came from 10% of my trades. Will focus more on that. Less is more.

Looking forward to Fall 2022, I will focus on my best strats- just trading panics cuz Market Breakdown edge is all gone now.

 

But I have to make sure not to trade panics on big caps or swing em as they’ve been just fading (goode short opps?). I will avoid FGD setups as well (CVC is Mark Croocks 'ideal' FGD plays). I have my own criteria that worked in 2021, but they’ve been failing in 2022 with no follow thru, so they are cut out for now until momo comes back.

I will focus on developing and implementing algos until the market comes back!

 

The above screenshots are from my trading journal. Get a FREE Trial -> https://www.tradersync.com/?ref=andrewchipka

 

Watch my Trade Recaps on Youtube -> The Trade Floor

 

Have a great summer y’all! ☀️