Although I ended up $160 on the month between two small accounts I cannot say that I traded well this month. I took more trades than I have in any other month and I didn't stick to my usual setups. I'm working between a Webull account that I started the year off with $200 and have worked my way up to 370(pre $MEIP loss on 7/2), and an ETrade account I started in June with $500 that is now $447. I've never had the power to use 6 day trades and I think it has made me less picky with the trades I chose.
I used to be better at tracking my trades and journaling. Having a smaller account now has made me take more risks, which is making me take too many trades in hopes to catch the homeruns. I'm kidding myself if I don't start tracking, journaling, and shooting for singles again. Which is how I grew my first account from 4k-6.5k in a year.
For July and the future, I will get back to journaling my thoughts and reasoning for each trade. I will screenshot the chart of each trade showing entry and exit. I probably won't post these on Profit.ly.
I will keep stats on my two set ups and only trade these two set ups.
The first set up is using pre-market support and resistance on top gainers. Must have news catalyst that could run for days. I will not buy until 10am once the choppiness settles.
The second set up is an overnight hold that I find after 2pm. Must be up over 15%, have news catalyst that could run for days, first green day, and above vwap.
Nice work!
Thanks!
Join now or log in to leave a comment