Not a great week. S&P down almost 2% and sustained spikes were rare. I trade very small to limit risk while learning. Made 13 trades and lost on 11 (unusual). I ended this week with a loss of $228. Lack discipline to have the patience I need to enter and exit at key levels. Probably was a tough week for a lot of traders. I continue to update and improve the process I use to trade. Learning how to leverage Google Sheets with Pivot tables to help track data. Watching and re-watching webinars. I feel like I am improving but my P&L doesn't show it yet.
I joined the Millionaire Challenge the last week of October 2020. Today, I experienced my first day of profit over $500. My account is now green. I made 477 trades and I have and continue to learn how to be a better trader. I realize I didn't make bank but at least I know that I can make $500. I am slowly increasing my size. I am also trying to do a much better job of letting the trades play out according to my plan. I am learning how to accept losses if my mental stop loss is reached. I didn't realize that day trading would be such an emotional roller coaster.
I feel like I am actually starting to climb up the learning curve. I was amazed when one stock spiked up on news that the stock price and market cap were too high. They go up when there is news that the company is being investigated. I am learning to accept reality and react properly.
Not sure if I'm looking at this correctly, but it seems that there is a dip buy almost every drop in $SLS today around Dec. 15th, Dec. 14th, December 11th. It increases about $1.5-$2 each time. Could someone confirm I am looking at this pattern correctly?