B The Trader

On Monday, December 2, I was in San Antonio for a wedding. On the way out I made a stop at a restaurant for breakfast and decided to check out the stock market and see if I could trade on the go on my laptop since I had Das Trader installed. Guess what, I haven't opened it on my laptop in months. My watchlist was outdated, so I didn't know what to look for. The Friday list of active stocks was sav...

This past week I ended up with 1R loss. That was not the best result, but at the same time I'm pleased that the loss was so low - it means that I'm becoming more disciplined with my trading, and that's something to be proud of. I can also take pride in trusting myself a little more now. When I started, I didn't really believe in myself, and I used to get out of trades despite being right at the en...

I've been working on believing in myself as this is something I've been lacking lately. I do it by sticking to my plan and doing things that proved themselves to be leading to profits. I also promised myself to not adjust my risk too soon. I decided to not get too excited, and add when I think that I should add rather than be scared of it. I like to add when things are bouncing rather than when th...

I had a really honest conversation with my childhood friend, and he said that it sounded like I didn't truly believe in myself, like I didn't think that I could actually make it as a day trader. Sadly, I realized that he was right. All of those times when I didn't stick to my risk because I didn't want to take a loss, when I entered a trade and got out right away even though I was right - all of t...

I just wanted to thank all my followers and subscribers and all those who comment and like my videos. Here I will answer some of the questions that I've been receiving on social media. Oscar Sanchez: "For me, the hardest part was discipline. I have discipline but it can be inconsistent because my heart is corrupted by my hopes and dreams. The problem is, we're human beings, and humans are just uns...

The week before Thanksgiving was pretty good. My win rate was 50%, I had 3 wins and 3 losses. However, my biggest win was three times bigger than my biggest loss, so I did well overall! This upcoming week I will focus on 2 main things: Trading only the best setups when I see them. Not being afraid of the setups that I've been practicing lately, but with tiny position size. Another thing that I nee...

This is the paradox of day trading: I lose money whenever I focus too much on not losing money. I missed a cover on a short trade that I had. And because I didn't realize the profit, I didn't want to turn that trade into a loss. It started as a right setup and a great position. I held MYOV overnight and was comfortable holding it pre-market because the resistance area was shown as $13.13. But as t...

Brian Lee is a consistently profitable trader. He started in the gaming industry as a professional Dota 2 player as a part of the Team Liquid. He quit pro gaming as he wanted more flexibility with his time, and the stock market gave him just that. He invested his money into a trading account and started his journey day trading. Last year he changed the way he was managing risk by setting a max los...

As I said in the previous episode, I love to learn from the lessons of yesterday. The lesson was that I missed out because I didn't borrow stocks ahead of the time. Today I had a pretty good day - I took a gain on CGIX. It was a low float stock - 1.6mln. Low float stocks tend to be radical as they go up and down momentarily. I noticed that the company had a ton of warrants (I check that kind of in...

On November 19, 2019, I took a small loss of 0.5R. Yet I felt good about it. The reason was quite simple - I was still doing better than I did a week before. I didn't have any trades on Monday, November 18, because I didn't see a good setup. I recently decided to focus on trading well instead of chasing questionable opportunities. No more playing revenge and jumping in after a loss. The only setup...

After a bad week of day trading, sometimes you have to step back and think of a redemption plan for the week ahead. I've been having a really hard time sticking to my rules. As I was reviewing my trades and looking at my profit chart, I saw that for a while I was uptrending, then I was stagnant, and now I'm in a place where I start breaking into the support level of my profit chart. There are a fe...

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 i...

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 q...

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...