I daytrade the market open long since April 2020. I plan to trade until the trading capital of 5 000 dollars is gone. Hopefully I get consistently profitable before that happens. I mostly paper traded until Dec 2022. Now the account is down to bout 2 500 dollars. The account is down 8 dollars in October, down 162 dollars Jan-Oct 2024. Biggest win ever (paper and money account) 301 dollars. Biggest loss ever 88 dollars. Percent target trades in Oct 93, mean 2024 88. I calculate the winning percent and include every trade. Oct 69, mean 2024 49. In the trading diary for October I find the following mistakes:
Missed to check the "higher than" in the order and entered too early. Violated the max trading capital/trade by 232%. Two trades: Unintentional double entry. Three trades: Missed the entry and chased, made a new train plan and traded with a bad risk-reward. Two trades: Missed when the halt was over and it flushed. Two trades: Didn't respect stop-loss. Allowed it to go down 33c below s-l/17c below s-l.
Since the trading capital is bleeding out I need to check the max traded capital/trade regularly. Avoid to chase when the stock has run by the planned entry. Max focus when the stock is halted. Respect stop-loss. I am getting 1% better every day and hope top reach support soon.
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