dwai

Really getting away from my rules and forcing so many trades. I need to trade way less and pretend my account is back at $0, not -$716. If my account is $0 I'm just focusing on profiting each day, not trying to make anything back.

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dwai

I have two positions to exit on Monday. I believe I'll take a loss between $50-$100. After that, my goal is to take 3-day trades into the end of the week, and 3 trades only. The only strategy's I've been successful with thus far are getting in early on a morning spike and selling it into its strength. And then I've also played off of momentum stocks with a ton of liquid dipping, and selling on the bounce. I prefer the morning spikes as the upside has been greater for me. My goal is to chip away at my negative position I'll start with at about $580 on Monday, and get back to around -$250 to -$300 on my account size. I hate being net negative. But the transparency of uploading my trades to this site is helping me reach a new level of accountability. I'm not going to chase, or force trades. Each trade I'm going to have a plan, and a strategy for entry and exit. I only get 3 trades a week so I want to make them count. If I can start getting consistent with 3 trades/week and stick to my plan, I can be a profitable trader. :)

dwai
dwai Jun 24, 17 11:38 AM

-Going to be held accountable to this goal and make notes, follow up by end of week to illustrate some discipline. Even if I lose on the trades I'll be happy to stick with my 3 day trades and know I haven't over traded.

dwai
dwai Jun 24, 17 11:39 AM

(2 stock exit on Monday, day trading eligibility begins again on Wednesday)

dwai
dwai Jun 24, 17 11:39 AM

5 total positions by end of week with my 2 stock exit, Monday. :)

dwai
dwai Jun 27, 17 10:01 PM

I get my 3 day trades reinstated tomorrow. Not planning to use all. Maybe 1 if the right trade is there. Followed my strategy thus far of not trading. (forcing trades)

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dwai

Just posted my first two trades on Profit.ly pretty bad trades to be honest. But felt like I should exercise discipline and cut losses quickly even though both reversed and I could have profited haha. Oh well, still feels really great to be transparent. Higher level of accountability, drive to improve!

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