Quick Info
- Video Link: https://youtu.be/F3Difr2KilY
- Day Trading Small Caps (Unlimited) Stats
- Swing Trade Portfolio Stats
August Recap
- Choppy month
- 6,544.51 (Day Trading) + 1,376.70 (swings) = $7,921.21
- Some very good action some multi days lulls
- Lot's of traveling and new trading locations. Very exhausted.
- Profitable Day Trading Patterns by Ranking:
- Ranging 3,396.35
- really good profit margin which means I didn't give back much profits 47%
- Frontside 2,853.23
- really bad profit margin which means I gave back wayy too many profits 19%
- Backside 294.94
- Not really worth exploring did less than 8.02% of my trades backside. No big wins or losses.
- 16% profit margin also really bad
- Ranging 3,396.35
- Day Trading Stats Thoughts:
- A 61.42% win ratio isn't the highest and below my average. I think this came with trying to get big winners in a mixed market. I was averaging higher when that wasn't always the best play (especially on gappers below 40%). Slightly negative r/r also not ideal but normal. What is the most nutorious is the super low profit margin of 27%. That explains why I was feeling like I was doing one step forward and one step back. I was giving back loads of profit. I'm not dialed in with my trading and probably means I need to scalp more a opposed to adding higher on a not so hot market.
October Forecast
Day Trading
- Stick to frontside
- go big only over 40% otherwise take profits
- Scalp like no tomorrow when ranging
Swing Trading
- I'm fully allocated. Many time's I'm up 20-30% but then the ticker pulls back down to break even. It's a big waiting game.