Week 1
I was very protective of my money, I was trading scared and extremely cautious to jump into any trade. I spent a lot of time studying and wanting to know more. I started with (1k @ Etrade)
Week 2
I made a trade with FOMO and had a loss. I was tame and slowly took small profits throughout the week to erase my losses. I was very close to breaking even once again. After a small batch of wins i got cocky and fell off track with learning. I opened up a second account (1.24k @ TDameritrade) to get more day trades in.
Week 3
Bloodied up my account by over-trading and making simply stupid trade. I did not treat the stock market or my money with the caution it needed and got burnt. I made poor moves because I was trying to make money. I was trying to erase my losses with larger wins. The ONLY WAY to get rich is to get rich slowly. I have merged everything into 1 account and will only allow myself 3 day trades. I increased my starting funds to $3k and this will be where I grow from. I am going to be a VERY picky trader going forward
Week 4
After my string of loses I decided to stop trading until I was confident I could control myself. Once I had some day trades available again I spent time looking for the perfect setups. I could tell I was a lot more cautious. The embarrassment from my previous loses was not influencing my emotions (I believe this is going to be incredibly powerful in the future. We should always give ourselves some time after a traumatic event). Anyhow, I fired up the Nespresso, made some trades and had some profits. It felt GREAT to win and I’m recommitted to growing slowly. I rewatched some content and was amazed at how much info I missed.
September conclusion: I’m going to be a millionaire, it will be great to look back on this post once I make it.
21 trades
Profits $-195.63
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