B The Trader

On November 15, 2019, I broke two important trading rules that I've set up for myself. In hindsight, I should have known better. But this is the frustrating thing about trading: you can do so well for a few months and then just have a bad week and a nasty lapse. But let me tell you what happened. I have 2 important rules when trading: Never trade a stock that's rotating its float Don't jump back in on the same stock once I've been wrong Whenever I break them, I pay for it. This time I took a 6R loss, which is huge for me since I usually try to keep it down to 1R. This is what happens when I trade for the money rather than for the process. I took a large loss that took two recent wins out (I follow a 3:1 profit/loss ratio strategy). In retrospect, I did it out of frustration. I've been working on my trading game for solid 2 years, and it's frustrating to still experience these lapses and struggles. The worst part is to have several great months in a row only to have this happen again. AIHS, I don't think I'll ever forget you! Watch the full video to see what exactly I did wrong when stock trading and learn with me from my trading mistake.

In November 2019 I started a podcast about the realities of day trading. I'm taking this leap despite feeling scared. I wanted to start this project for a while now, but I've been holding myself back thinking I needed to be consistently successful before I could talk about trading. Yet here I am. I'm not quite as successful as I'd like to be yet, but I decided to document my trading journey anyway. I wanted to show its real highs and lows, my wins and losses, my breakthroughs and setbacks. I wanted to show the process of finding consistency and success while working on my mindset and discipline. I was seeking to share my journey with others especially because I left a career to trade full-time. It wasn't easy because I didn't quite "make it" yet. But I'm willing to be open and share my trades, my strategies and my results here in this blog, on my Youtube channel and on my podcast show. Follow me to see me grow as an investor and a trader. Subscribe to get my trading tips and see how my trading strategy works out.

Figuring out day trading is a process, and I'm still working on developing my trading strategy and a plan. I got a lot better over the years, now it's just a matter of sticking to my rules and exercising discipline. To help me with it, I'm now looking for a place to work as the reserves are slowly dwindling away. I'd like to be able to focus on trading well without the added pressure of making a quick and sometimes risky profit. Having a day job and restarting my career might just be the right move for me and my trading journey. I've been trading for close to 2 years and I've developed a skill set that allows me to spend roughly 30 minutes a day on trading. I successfully do it on autopilot as I know what to look for. Of course, trading used to take much longer when I wasn't sure what I was doing. Trust me, it took a lot of work to get to this point. So thanks to this skill set I can get a day job that will provide a steady income and take some of the pressure off my trading process, allowing me to focus on trading well rather than chasing a quick buck. Follow my channel and listen to my podcast to get my trading tips and see my journey as a trader.