I am not happy with how I have been performing the last 2 months. When it comes to July, I have had some loss trades, but never a loss day. You think that would make me happy, but my average dollar gain per day is $3.20 and my average % gain on my wins is 2% (including losses is 0.49%). And the only stocks where I have a 6% return on both of them, I put in 20 shares ($30.30) and 1 share ($7.77) so they really don't count because there was no real investment in them.

Not to mention I have majority trades are less than 1% gain and all of them I put them more than $200 which is terrible risk/reward!! My biggest one was $1990 for a .66% return and only $13.14 return!! This is terrible! 

There are three things I know that I am doing wrong and causing me to have these terrible results

>> I'm focusing way too much on gaining back my losses. I tried to gain them back $10 a week at a time, but what is the point of that?! That is not sustainable, and it makes me focus more on the $$ amount rather than the actual trade

>> I'm increasing my size on losing stocks. I have mainly been buying what I thought were panic dip buys, but I don't think they're real panic buys. Everytime I get in, when the stock drops from my purchase, I add more size and size down. I'll usually double the amount of shares I initially did and slowly increase until I see green again and just get out for a few dollars. Eventually, that is going bite me really bad where I will end up selling for a massive loss at a stock that will never come back up. The only smart thing I've been doing with this is starting out with a really small position, but that also means when I'm right, I keep that position and don't add to the winners and resulting in very small profits for stocks I really should be focusing on

>> I don't trust myself enough. For the two stocks I made 6% on, I knew what they were going to do, but told myself I was "testing them out" and buying in very small, making it pointless to get in to begin with. Not only that, I knew they would still run, but because I saw more than a 5% gain, I sold worrying that they would go down and ruin it. The first one (KSCP on 7/13/23) ended up going 38% that day, and the second (AAOI today) ended up going a max of roughly 17%

I've decided I'm not going to trade the rest of the month. I hate admitting that, but I need to focus on what patterns and what stocks have been providing solid moves and higher than 5% gains roughly. I need to study them and then put in bigger size and expect better returns, rather than just chasing like I've been doing. I know some of the trades will still result in a loss, but I need to trust the process. I know I can do this, I just have to be smart about it.