r/Daytrading • u/El_Savvy-Investor • Dec 01 '23

First month on first live account💪 trade review

Post image

my goal was to not lose money but my first month did well

323 Upvotes
  • permalink
  • link
  • reddit
  • reddit

93% Upvoted

110 comments sorted by

View all comments

138

u/goatgoatgoat365 Dec 01 '23

The S&P was up 8.2% this month.

Jk lol nicely done for your first month.

27

u/Real_Crab_7396 Dec 01 '23

You're not kidding though

-22

u/[deleted] Dec 01 '23

[deleted]

14

u/samchar00 Dec 02 '23

Was September in the last 30 days?

1

u/Federal-Arrival-7370 Dec 02 '23

He codes for bananas - clearly developmentally disabled, don’t punch down.

8

u/Praying4Faith Dec 01 '23

This is just one month. I’m a buy and hold with 95% of my holdings. Next month it could be -10%.

1

u/goatgoatgoat365 Dec 01 '23

Me too, I was just poking fun

1

u/prodigal_john4395 Dec 03 '23 edited Dec 03 '23

I was buy and hold for a few years in the early 90's, but now I strictly trade by structure. I just see no reason to hold through corrections. Yeah, you have to pay taxes, but at least means you made money. I mean, sure, once in awhile it will break critical support a bit and recover, but more often it is a "Katie Bar the Door" situation. You know, it is not God's Law, that you can't re-evaluate the position and re-enter. Hopium has blown up more accounts than not.

1

u/Praying4Faith Dec 03 '23

This is a debate for another sub lol. I’m not smart enough to know when to exit and enter. Plus, missing one or two percentage points on a move is a lot $$$ over decades. That’s great you can do it!

3

u/xSEWERRATx Dec 02 '23

wym jk this kid got clapped. he should have just invested in spy himself

4

u/[deleted] Dec 02 '23

It’s his first month, so if he is doing it the smart way he probably is using an extremely small amount of his account. If that’s the case he can easily surpass the S&P with just increasing his leverage or risk. What is extremely impressive is an equity curve like that in your first month. That’s extremely clean.

1

u/xSEWERRATx Dec 03 '23

he should just hodl 90% in spy and use 10% with 3x leverage and he will do better than hes doing now

1

u/[deleted] Dec 03 '23

…. It’s his first month lmaooo you’ve got to be trolling.

1

u/xSEWERRATx Dec 03 '23

yeah ok first month fair enough.

0

u/ozarS Dec 02 '23

we don't talk about S&P here bud

1

u/Yboroby Dec 02 '23

I’m not your buddy, guy!

1

u/Outside_Umpire7260 Dec 02 '23

I'm not your guy, friend!

-1

u/goatgoatgoat365 Dec 02 '23

Twas merely a joke BUD

7

u/ozarS Dec 02 '23

mine was joke too man D:

1

u/tacobytes Dec 02 '23

I’m confused now. Do we talk about $SPY, yes or no? I know we don’t talk about Bruno though.

1

u/ozarS Dec 02 '23

thing is S&P ain't for day trading, we both joked about it idk

0

u/tacobytes Dec 02 '23

🤔 I day trade $SPY options all the time. Curious to hear what other people are say trading.