So after my first green month in June, July was my worst month yet. In July I lost nearly 28% of my account or $875. All but $100 of it being in the last week of July. The reason that I see these huge losses is not cutting them immediately when I see things going against me. I know that I can always get back in but the idea of wasting a day trade is what has been causing me to make these losses worse. It's not easy to use a day trade on a loss, it's much easier to hold and hope.

I know that if I continue to perform like I did in the last week of July that I will not be around with an account for much longer. So, I took a step back over the weekend and looked at what I was doing wrong that was forcing my big losses. And for one I am trading much too large trying to increase my account quicker but in reality it is just making me lose my money faster. Also, I need to trade more sniper like. As soon as I see signs of weakness I need to get out.

At the start of August, I kept these rules in the back of my mind, and I also reduced my position sizes to only half of my account, and so far it has worked out nicely. Really, this week I was only right on 2 out of the 4 stocks that I traded, $GPRO and $HEMP but I was green on 3 out of 4 of them. And the only one that I lost money on this week was a very small loss in comparison to my account of only $45 or 3 cents per share. Another big change is that I have also been much more patient with what stocks I put my money into. They have to prove themselves to me that they are worth it. I am very happy with my performance this week compared to last and I am looking forward to the next! KEEP ON STUDYING AND GETTING BETTER