Opened a trading account I April 2020. I have put aside 5 000 dollars. I am allowed to trade until all the 5 000 dollars are gone. Traded the market open long for 1,5 months and lost 120 dollars on 35 trades. Paper traded the market open long 925 trades until the middle of Dec 2022. Mean winning percent was 38 (2021), 45 (2022) and 49 (2023). Mean win/loss ratio 1,35 (2021), 0,7 (2022) and 1,02 (2023). Mean percent target trades 58 (2021), 78 (2022) and 85 (2023). Biggest win 301 dollars and biggest loss 80 dollars.

Expenses for education 5628 dollars

Nov 2019 Tim Sykes Black Friday sale 197d. March 2020 Jamil Altucher Penny Stocks book 51d. Aug 2020 Matt Monaco 30 Day Bootcamp 70d. Nov 2021 Roland Wolf 1K Payday 1315d. Dec 2022 Daily Income Trader System 3995d.

I read Tim Sykes mails, watch Youtube videos: Tim Sykes, Tim Bohen, Mike Bellafiore at SMB Capital, Ross Cameron at Warrior Trader. Al Brooks.

My daily routine is that I make a watchlist of about 5-10 stocks. I evaluate the stocks with the sliding scale. I move the stocks above 65 to the trading list and try to avoid the rest. Usually I have 1-2 stocks on the trading list. I listen to Tim Bohens premarket prep and compare my evaluation with his. Before the market open I check the sliding scale values. Sometimes the volume increases and I update the sliding scale values. Usually I make 1-2 trades per day. I always work on being more selective and avoid impulsive actions. I evaluate the trades and write down for example: Limit entry according to written plan. Exit 3 c below written stop-loss, first exit not executed, got out on the backside, 18c after the top. When I do serious mistakes I mark the text. The entries are always according to rules, the exits are harder. Often I exit to early on the frontside. I set tight stop-losses. Usually the size is 10 stocks. I am not allowed to increase size until the winning percent is around 60. 

Four years without earning any money? Time to quit? I have spent so much time on learning to trade and I hope that I will reach some kind of support in my P&L soon. I have read that in order to learn a new skill you need to spend 10 000 hours. What shall I count? Total time spent on learning how to trade or only the sharp trading time? In order to reduce overtrading I limit the time in front of the computer, usually I spend up to two hours around market open. That means 500 hours screen time per year. I am only at 2 000 hours total screen time. If I would have been sitting In front of the computer 8 hours per day that would equal a full time trading time of around one year. I want to earn money and try to focus on the process of learning.