A Roller Coaster Week of Profits
Here are my trades and profit chart for the week.
This week brought me back to the beginning of my day trading career. My daughter was unfortunately home sick 4 out of 5 days this week. The proof of my attention to the stocks was reiterated this week. Monday a gain 586, Tuesday loss 608, Wednesday gain of 728, Thursday a loss of 25 and baby free day a gain of 2300+. I know I should really call it quits when I have her home sick. I coordinated her naps to the open, but it wasn’t enough. I was still distracted.
I believe as a result of being distracted I went outside my normal routine and it went against me. I tried to hold earnings overnight and a loss happened. I tried to go long $GLUU and it went against me so I thought it’s up 100% and it will go back down after news, so I shorted it. Well I should have covered Thursday afternoon as soon as I was alerted that Tim Sykes bought. Covered for a loss this morning to protect myself from a short squeeze like $KBIO. I am seeing that the reversal plays and the earnings winners are the bread and butter that I need to stick with.
I honestly love seeing the waves of momentum in the stocks and ETFs. Today was also the first day I day traded UWTI and DWTI. Made more than 10% of investment. +$1300. The week ended up being roughly +$2600 making the majority of February almost twice the profits of January.
I’m so very thankful to have found this passion for stocks. Trading from home allowing me the time to be present for my daughter is priceless. Honestly Tim Ferriss’ book the 4 her workweek helped me to change my mindset to work for myself. I’m also a fan of The Secret and find the stock market truly has abundance for everyone to win and be profitable with the work.
If you are considering trading for a living be aware it doesn’t happen overnight. It takes time to study and learn. Best thing I can recommend is paper trade until consistent. I wish I did before then I would have $6k more to trade with, but I consider it trading tuition to learn.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.