I am doing something new , I am going to do a monthly update on some live account trading results , these are real accounts with real money and this is about year 3.5/4 for me as a person that decided they wanted to jump down the rabbit hole that is trading . I am nowhere near being a master , probably never will be but one thing is for sure , I love this game , winning, losing, all of it .
So, I'm doing something that makes me actually a little uncomfortable, lol , I am opening up a private part of my journey to you guys and I have decided to actually post a monthly update of 2 of my accounts . I have two I am going to start sharing because they are slightly different versions of trading .
The fast account is all the trades I post on TV, if I post a trade , I am buying it with that account . The risk is consistent for each trade and the signals are very consistent too . I risk 1.43% per entry and go through several stages to de risk , a good trade can have up to 4 transactions and the system is constantly updating . I post the entries but not he management of trades , with the exception of marking them as closed when I am finished ( but sometimes this is late ) .
The slow account uses a similar entry tactic but those trades I do not post and it has different risk management , it also trades way way less and focuses on only one name . I keep this strategy off of TV at this time , but I will say how it works (or doesn't work sometimes lol)
Uses Wedge pop entry, sell 1/3 at 2R , stop same , sell balance on DWD.
This account also risks 3% a trade and only averages around 18 trades in a whole year , hence the description ( SLOW )
As you can see the slow account is slightly outpreforming the fast one , I look forward to sharing future updates .
I think that more traders should share their real accounts, (especially ones without several years of positive expectancy performance to back them up , AKA me ). It's an honest way to prove your system either works or does not and it also it helps other to see just how many losers there are in a winning formula and that most winners have losing months . This period btw is the worst my batting average has been since I started to track it in early 2022 . I am at 25%
BA right now , but proper risk management has helped to protect me . That being said I would love to have more trades work out to build a larger profit cushion , lots of the current profit is unrealized and a market pullback to put me back in the red for sure .
In the future I may also start a day trading version but for now I plan on doing a monthly update on results , and I hope to keep it up for 2023 and follow up with year end trading stats based on the year of data . This will probably not be something I do forever but I would like to stick with it for 2023 at least and go from there .
And yea ,I should add , I really don't know what I am doing , I am definitely not a pro , but I am determined and I have become a pretty good loser these last few years ;)
I lost a lot of money in 2020 and 2021 , and only a tiny bit in 2022 ( but generated a positive expectancy) . Maybe might be on to my first green year , time will tell :) Could be red too though !
Either way i'll still be at it probably just like many others that have the trading bug and so with that being said time to press that blue button ~
Next month when I update this it will be more point form , just pictures , some notes , less chatter .
So, I'm doing something that makes me actually a little uncomfortable, lol , I am opening up a private part of my journey to you guys and I have decided to actually post a monthly update of 2 of my accounts . I have two I am going to start sharing because they are slightly different versions of trading .
The fast account is all the trades I post on TV, if I post a trade , I am buying it with that account . The risk is consistent for each trade and the signals are very consistent too . I risk 1.43% per entry and go through several stages to de risk , a good trade can have up to 4 transactions and the system is constantly updating . I post the entries but not he management of trades , with the exception of marking them as closed when I am finished ( but sometimes this is late ) .
The slow account uses a similar entry tactic but those trades I do not post and it has different risk management , it also trades way way less and focuses on only one name . I keep this strategy off of TV at this time , but I will say how it works (or doesn't work sometimes lol)
Uses Wedge pop entry, sell 1/3 at 2R , stop same , sell balance on DWD.
This account also risks 3% a trade and only averages around 18 trades in a whole year , hence the description ( SLOW )
As you can see the slow account is slightly outpreforming the fast one , I look forward to sharing future updates .
I think that more traders should share their real accounts, (especially ones without several years of positive expectancy performance to back them up , AKA me ). It's an honest way to prove your system either works or does not and it also it helps other to see just how many losers there are in a winning formula and that most winners have losing months . This period btw is the worst my batting average has been since I started to track it in early 2022 . I am at 25%
BA right now , but proper risk management has helped to protect me . That being said I would love to have more trades work out to build a larger profit cushion , lots of the current profit is unrealized and a market pullback to put me back in the red for sure .
In the future I may also start a day trading version but for now I plan on doing a monthly update on results , and I hope to keep it up for 2023 and follow up with year end trading stats based on the year of data . This will probably not be something I do forever but I would like to stick with it for 2023 at least and go from there .
And yea ,I should add , I really don't know what I am doing , I am definitely not a pro , but I am determined and I have become a pretty good loser these last few years ;)
I lost a lot of money in 2020 and 2021 , and only a tiny bit in 2022 ( but generated a positive expectancy) . Maybe might be on to my first green year , time will tell :) Could be red too though !
Either way i'll still be at it probably just like many others that have the trading bug and so with that being said time to press that blue button ~
Next month when I update this it will be more point form , just pictures , some notes , less chatter .
艾力克~
