And it's strange. You know. I'd always thought having a larger account would make me ballsier.
When I made this Profitly, my account was only $3,500. I had absolutely no fear when I sat there waiting around for a hot press release on a sub $3 penny-stock and buying 1,000 shares, on the spot.
And I had quite a few remarkable results. Shocking results. Enough to hook me in and decide that this is what I wanted to become the absolute best at. That I had found my place.
My trading days came to a sudden halt when stupid decisions I had made between the ages of 18-22 caught up with me; tons of unpaid parking tickets plus penalties, driving citations for no insurance and past-due tags, and capital one suing me for a $300 credit line I fell default on, just to name a few.
I'm proud to say that now, at the age of 24, I am a completely different person.
Well long story short, I have been working my tail off for the last year. And it took my blood, sweat, and tears but I managed to save up a sizeable amount and every morning I'm back behind my charts.
But heres the thing:
My account size is now roughly $19,000.00 and I am absolutely terrified of jumping in on 1k shares of anything now!
In fact, it's now getting to the point where no matter how many times I call a move and it's on point, I can't regain that same confidence I had!
I don't know what it is, but I just can't pull the trigger.
Back then, I longed so much for this day to come. When I would be just a little south of meeting the $25k PDT rule. The slightly-younger trader I was probably would be making a pretty penny right now.
I feel so pumped every night after calling accurate plays during market hours, telling myself tomorrow will be the day where I jump back in full-force.... 1k hell, maybe a 2k share position.
Not once have I executed on that. I'm at a loss over here.
A larger account size didn't give me any confidence. Actually, it rendered me nearly useless.