This was a good week overall. I was a bit worried, being on the cusp of profitability, that I would drop back into the red. If it wasn't for Jeff Sessions, I would have made about twice the profits I did this week. I had my biggest position yet on $CBDS and it finished really strong with Tim buying it into the close. I was up about $1700 at the close and didn't take any profits, and the next morning it gapped down and panicked due to the bad news that brought down the entire cannabis sector that day. Other than that hiccup, I'm happy with my other trades. I made a quick day trade on $DELT for decent profits and will start to make more of those types of plays as I get over PDT, which should happen soon. I could combine my accounts right now and be over PDT, but I will wait as it shouldn't take me long to earn my way there, and then if I take a bad loss and drop under, I can still move money between accounts to get back over if I need to so that I can continue trading.
Here is my current profit graph, still trending very much upward.
I feel like six green weeks is enough to start showing some true consistency and skill more than luck. This is my seventh green week in a row. I've now made $20,281 from my low point. That is a 256% increase from my low point, and overall I’ve made a respectable 20% increase from my starting account size in around 8 months.
If next week progresses in the same way as things have been trending, I might get over PDT by the end of the week. That will bring a whole new dimension to my trading and I am going to have to be extra careful. I will mainly stick with was is working, but will start adding in some day trading as well. I will start with the setups that I had been focused on before I found my strength with multi day breakouts. I feel like I will have more success now as there were a lot of times when I didn't trade optimally because I didn't want to "waste" a day trade. So without that constraint, I see good times ahead.