B The Trader

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...