This is a personal diary to hold myself accountable in my trading journey.
I want to be able to recap what i did well and what i didnt do so well and i want to do it for the public to see.
What i will be posting about is:
- Options trades on Thinkorswim
- Options paper swing trades on Thinkorswim
- CFD trades on Plus500
- Practice paper day trading on Thinkorswim

I have quite a few plans for the future.
I plan on keeping the CFD stuff going only until i have enough capital to trade actual stocks.
CFDs are actually not what i want to trade because its basically betting on stuff instead of trading it.
The only good thing is that they give me way more leverage than other methods so i hope to grow the account to around $50'000 and then move it all over.

I also just opened a account with Tastyworks which i will use as my main trading platform.
It will take a bit of time though to close out all my positions in my Thinkorswim account and move that money over.
I also think i want to keep Thinkorswim because its a better platform to practice day trading and also to paper trade options.

Strategies i will be following are a mixture of different approaches.
For options i really have come to love the Tastytrade approach but it takes a bit more capital so i will try and see if i can also trade options the old way by buying them.
As for the day trading i have just signed up with investors underground and plan on immersing myself deep into their content and practice day trading until the end of the year or even until this day next year.

The end goal is to only be with two companies, Tastyworks and a day trading broker that i still have to select.
There i intend to trade with two accounts.
- 1 Day trading account
- 1 Options/Stock swing trading account

I work in the animation industry, so there isnt too much job security that we can count on.
This is my effort to become independent of jobs and be able to sustain my family in any environment.

Kommentare

Kommentar veröffentlichen

Beliebte Posts aus diesem Blog

Day trade report, Monday, 17. July 2017

Bild
Better late than never here is the review of the trading from Monday. I have been practicing scanning on my own and i seem to be quite good at it. However, i didnt end up trading any of the stocks i scanned for as i only look for symbols worth $20 and lower since that works better with my account. I ended up going with Nates watchlist though. I had NVDA up on the starter screen again and it ended up being the only ticker i traded. I still seem to be trading nervously. In hindsight it wouldve been smart to wait for the g/r break. At least i could have taken off half of the position. Timing is definitely still the factor. I also made a mistake when i tried to close the position for the first time and sold a second lot of 100 shares. Luckily it ticked down and i closed immediately as i had planned in the first place. Anyways, its another nice green day. That RLOG position can be ignored as i made a mistake in the last session when i was experimenting with stuff after finishi...
Mehr anzeigen

Day trade report - Friday, 22.07.2017

Bild
Red day today. I felt ok but as i was entering i realized that i didnt have a stop in mind so i didnt consider the risk im taking. Other than that i dont feel like i did much stuff the wrong way. First entered MSFT short Ended up chopping back and forth, so i exited only to start thinking that last time i exited at a similar point where it was about to break VWAP, so i entered short again. It broke but bounced back up right away, so i now i had enough and exited. Later on i realized that i had got the size wrong and suddenly i was long 100 shares. So i got stressed out and accidentially sold too many shares, so i had to buy back those 100 shares again. Stupid, unprofessional and noob material. THAT i really have to cut out. Next, i traded GE Thought it would just take a breather. I guess you could call that chasing but i think Nate would refer to this as one of the good chasers. When it broke back under vwap i exited. Next was LOW This looked like a nice ABCD pattern setup...
Mehr anzeigen

Back at it

So after a month in Switzerland teaching animation and a few really intense week at work where i really had to dig in and find my footing in this project, i am finally looking forward to smoother times. I have been dilligently practicing 2-3h a day and about 5-6h each on Saturdays and Sundays. Studying charts, trying to make trades and recognizing patterns. I've joined Bulls on Wall Street for their bootcamp and am so looking forward to start papertrading again once daylight savings time in the US has changed and i can start my new schedule of getting up at 2am, trading from 3.30 until 6.00, then working from 6.30 until 5.00 and go to sleep at 8pm. Its a experiment that will hopefully help me to trade the open consistently every day. I will try to journal my this endeavour on here. Until soon.
Mehr anzeigen