My December day trades.
About $6,700 in 13 trading days, in maybe 6-7 trading hours total. February 1 will mark the one year anniversary of committing myself to this, its been interesting. Was short TSLA most of the month. It's easier to be shorting when the stock is a downward trend anyway (but not foolproof, or every trader would be rich).
Shot out to Blazin and Jysin on some day trading tips. Blazin was 100% right, when I reviewed the tape, I was cutting my winners short, way short all time. I doubled my day trading profits from that advice alone. Jysin's book recommendation of
Trading in the Zone changed my attitude on trading. I never made it past the first 100 pages (that was all I needed), it helped me diagnose my mental problems (all traders have them). I had days on this list where I got stopped out. The day where I made $88, I was down almost 2k. Its always got to be about the next trade. Working out your emotional baggage in the stock market is expensive therapy. In the past, I'd blow up my account because I'm sticking in my day trades, even if the confirmation said go the other way. I'd sit there and try to hit home runs, and turn small losses into bigger losses. A few months ago, I couldn't take even a slight loss if it was time to switch from short to long. I've done a lot better with going with the trend, instead of fighting it. And yeah, I'm unable to be successful at this without having preprogrammed stops (based correctly on volatility). I have a year of data, and when I look at the loser days, I got emotional. Now, if you were to sit with me in a room, you wouldn't know if I won or lost a trade, or switched from long to short. That book really changed my whole perspective and its a must read.
Shot out to Sanrith for getting me to pay more attention to the DMA's, for my swing trades and long term holdings.
I'm on vacation, I'm taking a break until January. Super expensive vacation, flying to Austin, then Orlando.
Merry Christmas.
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