I wanted to share the strategy and psychological challenges I faced over the summer time starting back in June lasting for almost 3 months. Key takeaways are: Never drastically change your trading strategy once you have a proven system that consistently makes money. Trust yourself and your trading strategy, and…
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Took 3 trades today then called it a day after being on the right side of a Trump Tweet making 10 points on NQ in seconds. The first two trades had very good entries, but just was not paytient enough, moving my stop too aggressive taking me out of the trades before full profit targets were reached.
After almost hitting max daily loss on Day 2, I refocused and was able to string back to back winning days for over a $1,000 gain. The account is up a little over $300. The importance of risk management is so key because it will save you time: days, weeks, months and even years to recoup losses from a single day.
Growing up alongside my fellow millennials both before and after college, I recognized that that the majority of us have little to zero knowledge in the areas of personal finance and investing in the stock market.