Urbs

Long Review: My first month as a day trader has come to an end! I started on 06/04/2020 with $4000 in my account. As of 06/30/2020 I have $4680.41 in my account, just over a 17% profit in my first month. I have learned so much over my first month and have so much more to learn. A few of my biggest take away are to play your setups. Unfortunately, I've followed a few too many people into a trade and didn't know what I was looking for. These ended up being my biggest losses on the month. The trades ended up being profitable for the people I followed into them because they knew how long to hold and what to expect while I got scared and sold for a loss. I also need to be more discipline when it comes to my set-ups, a few too many times I’ve let my emotions take the best of me and watched a stock fall below my risk line. Some of these ended up bouncing back and selling for a minimal gain or break even while others kept falling and really hurting my account. Key Takeaways: Play your setups, not others. Be patient on panics. Don’t get greedy. Cut losses quickly. Be discipline.

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