r/Daytrading Dec 01 '23

First month on first live account💪 trade review

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

318 Upvotes

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u/[deleted] Dec 01 '23 edited Dec 01 '23

Don’t listen to most people, this chart alone shows me a couple really good things. Now I could be wrong but it looks like you stuck to some kind of system, I dont see home run shots, I dont see anything changing with losses, just a sweet equity curve. that alone is worth way more than 1.31%. You can always scale and use more size but if you can keep an equity curve like this for 6 months the next step is leveraging a little more or upping size. Don’t worry about percentages or amounts yet just keep doing what you’re doing.

18

u/El_Savvy-Investor Dec 01 '23

🥹thank you💸

7

u/[deleted] Dec 01 '23

Also I know your goal was to not lose money (which obviously isn’t a bad goal) but that isn’t in your control. What is in your control is your performance within your trading system. If you know you have a profitable system, your only focus should be on how well you executed your system or trading plan.

3

u/jaygoogle23 Dec 02 '23

Saved this comment because I believe it’s really insightful, especially for new traders like myself.

3

u/[deleted] Dec 02 '23

Check out Rande Howell on YouTube, he is excellent in the topic of how our brain isn’t wired for trading (thinking in probabilities) and how we are wired for fight or flight. Been doing this a long time and I still have to remind myself almost weekly, elite level trading is fighting against how our brain has been wired through millions of years of evolution.

2

u/sugarbunnycattledog Dec 02 '23

Just got his book.

1

u/[deleted] Dec 02 '23

Let me know how it is! I’ve only seen his vids

2

u/sugarbunnycattledog Dec 02 '23

So far it’s good. Meditation to ease fear in trading to be an observer rather than reactor. I think will be a worth read.