An up and down month for me.
As you can see, it seemed like it was basically profit one day, loss the next, wash, rinse, repeat all month long. That being said, I'm proud of myself for not having lost more than I did, I made some very timely moves that impressed myself and those helped soften the overall month-long volatility. My best stock was $SoundHound AI(SOUN.US$ (Bought 150 sharea of SoundHound in Oct 2023 at 1.10-1.30 per share) so that finally is paying off.
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Finance major from Syracuse U/finished MBA 2 years ago/lifelong torrid love affair w/ stock market. Day trading newbie.
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Piggy Bank Trader : I’m up about 800 on the month. By far my worst month in a long while.
BeeDeeVee712OP : Boy, if +$800 is your worst month in a long while, I think I might have to start copying some of your trades if you don't mind
CEO of Apes Piggy Bank Trader: Wow that’s still pretty good. How much are you trading with if you don’t mind. I just started out a month ago with 3,000$. I tend to get too greedy thinking all my trades need to be +100$. Recently I’ve been reminding myself that I’m starting with a small amount and it’s ok to take those 15-40 dollar gains and that it doesn’t have to be 100+ trades every time. I’ve watch a lot on trading and did a lot of paper trading myself before I used my earned income on it but seeing others make $300-$500 got me going for unrealistic outcomes where I’ve turned winner trades into losers because I didn’t take the 30 or 50$ win
Piggy Bank Trader CEO of Apes: In this account, 18k
Piggy Bank Trader CEO of Apes: A normal month would be 4-7000 I. This account
Tonyco : Everyone is learning we all just need different amounts... I failed spectacularly but i learned so much. Its thrilling
Piggy Bank Trader CEO of Apes: A few tips -
Selling for a profit is always better than sitting on a loser
Base hits win more games than grand slams
Don’t look back and always wish you held winners longer. People get so caught up on living in the past and only focus on the “The one that got away” and forget about the ones they caught, or the ones that had they held, would have lost on.
5% gain of 100 is 5, and 5% of 10000 is 500 so it’s all relevant. Keep getting those base hits and it will grow.
Trytosaveabit : Just keep at it! I know you are getting better and. At least lately you’ve been doing better! No better teacher than doing!
Trytosaveabit Piggy Bank Trader: Very wise words! I try to tell others the same! Base hits are my bread and butter! Yes the home runs are nice and exciting even! But I shoot for 15-25% if it’s there! I’m not sure why more people don’t realize that! I mean even 10-15%! Where else especially in the last 3+ years? Where can you earn 15% anywhere? Again very wise and it’s so nice to see someone else preach it! Everyone should take note! GL this week
10baggerbamm : what eventually you will learn is that trading is a suckers gamble game at best. there are far too many variables at work on a daily basis an hourly basis a minute to minute basis for you to be able to trade successfully on an ongoing basis. trying to day trade or predict intraday movements beyond few Penny uptick by using level 2 is impossible they are so many algorithmic programs in place you have no idea when they are going to go off you are handicapped immensely. what you need to do is position yourself in Market leading companies that are generating cash flow build a core position around these companies and let the management execute I know it sounds boring but real wealth is created over the long term not short-term euphoric intraday training
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