Trades are made in companies listed in NYSE, NASDAQ. Small- Mid- and Large Cap companies Focus - Tech stocks & Index Futures Trade Crypto & Futures
Trader type: The Engineer
Disclaimer: I am not a professional licensed Trader who gives financial advise.
- MY JOURNEY -
1:st Step 2019 Started off as an active Investor and occasional Swing Trader for many years. Evolution - drove me into more active trading (Day Trading) My goal during the first 12 months was to Learn how to Day Trade. Opened an account with one of the Leading Brokers Searched from YouTube for info/teachers anything worth looking at and learn = (massive job). Got lucky - joined, one Honest (mid price) Community (12 months) Mainly they traded Penny Stocks and it was not really my thing.
Vertical Divider
2nd Step - Year 2020 Started in May 2020 -> 31st December 2020 Joined another more professional Community. The year 2020 came COVID, NOT Good, big losses due to the market suddenly diving. Still as a novice Trader, I was Not prepared for that. No Stop Loss - in place, just Hope!I also had my very first Profitable (whole) month. I was still learning 5-6 days a week (1-2hours/daily). Without this learning - no change, what-so-ever, to succeed! SUMMARY: Year 2020 was not a Good year, mostly due to Covid losses. NOTABLE: By having a reasonable Stop Loss in place, the result would have been positive
MISTAKES: 1) Did not follow EXIT (StopLoss) rules (get out when hit max. pain) 2) Swing traded in a down trend These 2 reasons - were the Major causes for losses in 2020 Lessons learned: By executing a reasonable Stop Loss (get out), my year would have been acceptable! Hope - is NOT a strategy, still I had lot's of it...
3rd Step - Year 2021 This year looks much brighter. I have tools, membership of a growing Community, Training, Experience. This year has been good until summer and July month. Then it all crashed AGAIN, not followed The Rules Found a Strategy working for me -The RSI<30-. ---------- Started with Crypto in July and that has been THE Best decision of all times. Gives additional income. -------- 4:th Step - Year 2022 Year started off nicely. After the selling started and the talks about Bear Market I started to lose money since my strategy was/is for a Bull Market. ACTION TAKEN: Time out - to Rewrite and Rethink || Adapted RSI <30 strategy to longer time frames Small size Trades The year ended profitbale after dipping under the water
5:th Step - Year 2023 Year started off nicely, January profitable Joined a small Discord group which is more dynamic and share ideas.