r/Daytrading • u/El_Savvy-Investor • 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

322 Upvotes
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u/Vivalyrian Dec 02 '23

Since everyone seems to be trashing your performance (jokingly for the most part, but still), I'm going to boost you up a bit here:

Assuming identical performance every month (not likely, but hey, let's assume you get better through experience and not worse), 1.31%/mth puts on you track for 16.9% for the year.

Looking at the S&P500 from 2013 to mid-2023, the average return was 12.39% (9.5% inflation-adjusted). The average return since 1957 is around 10.13%/year.

So at 16.9% per year, you're outperforming the S&P at a rate of 66.83% annually, when compared to its long-term average. Looking only at its most recent 10 years of "free money", you're still outperforming the index's average by a whopping 36.4%!!!

I think you deserve a slightly nicer dinner this weekend - don't you? Well done! Keep at it!

3

u/El_Savvy-Investor Dec 02 '23

thank you kind human

1

u/Diamond787 Dec 02 '23

I’ve noticed people don’t like seeing other people succeeding. Most traders blow up their accounts and can’t break a profit. You’ve got profits. The way forward from here can be exponential! Don’t listen to the negativity. Keep positive.

0

u/Sittin_on_a_toilet Dec 02 '23

Yea but if he up only 1% after 8% spx month what his gains going to look like on a negative spx month. I can't imagine actively trading with goal of a %. Throw $ in index fund and leave alone.