Day 1 : Explaining the strategy
Day 2 : $PLTR Trade Idea
Day 3: Buying $HOOD
Day 4: Up 5% on $HOOD
Day 5: Entered $UA Trade
Day 6: Trading In Puerto Rico
Day 7: Introducing Beacon
Day 8: S&P 500 Record Highs
Day 9: Robinhood Makes Moves Into Crypto
Day 10: Roaring Kitty Meows
Day 11: $GME Trade Idea
Day 12: $NIO Trade Entry
Day 13: Taking Profits In $HOOD
Day 14: Stopping Out Of $UA
Day 15: Stopping Out Of Everything
Day 16: No FOMO
Day 17: 6 New Trade Ideas
Day 18: Entering $ACB Trade
Day 19: DXY Says To Stay Out Of The Market
Day 20: "Shoulda, Coulda Woulda"
Day 21: $CCL Hits Target 1
Day 22: Trading Psychology Book Club Week 1
Day 23: $NKE Earnings Play
Day 24: Adding Day Trades To Our Watchlist
Day 25: Learning From Our Mistakes
Day 26: How Our 4H Candle Strategy Works
Day 27: Why I Am Bullish On $TKO
Day 28: Celebrity MemeCoins
Day 29: Stocks Near Our Entry
Day 30: TheStrat
Day 31: Coaching Program Season 2
Day 32: $SWBI's Funky Chart & $TKO Entry
Day 33: Month 1 Portfolio Review
Day 34: The Importance of a Coach
Day 35: $NKE Trade Entry
Day 36: Positive Trading Mindsets
Bonus: Using TraderSync To Track My Trades For This Account
Interested In Having Jay As A Trading Coach So That He Can Teach You How He Finds These Trades? Click here to get started!
Took The L On $CRM
So with $CRM I risked more than $5 (which is what I typically am risking) due to that fact that I would have had to use fractional shares (Market Orders only in Webull) in order to have my stop loss level be a $5 loss. So I will be writing that in my notes that with $CRM I risked more than usual due to Webull's lack of fractional shares order types like Limit Orders/Stop Losses. If this continues to be a problem I might have to consider swapping brokers to the one that Jay uses for this strategy. This $CRM trades is a lesson learned, so overall it's not a complete loss.
As you can see above our wins are still outweighing our losses. We risked more than usual on $CRM and $SNAP due to mistakes which I noted in my TraderSync Journal. The market hasn't been ideal for our strategy, as we are not shorting stocks currently, and only looking for bullish setups. That being said we are still green overall, and once the market turns around we should start seeing some big wins outweighing the small losses.
The DXY Might Be Telling Us Something Here...
As you can see above the DXY has been down trending the past month. We've been able to pick up some great gains during this time on $HOOD and $CCL to offset some of the losses from the month before.
We started this $500 Account on 5/24, and as you can see the month of June the DXY started trending up. We were taking small losses during this time, as our strategy works best when the DXY is trending down. We like to go cash heavy with the DXY starts up trending, and that's exactly what we started to do towards the end of June, cutting a few plays early to secure gains and minimize losses.
Then in July when the DXY started to reverse to the downside we started seeing some nice gains again on plays like $SYM, $TKO, and even $CRM was up for us up until today. The DXY on the monthly chart looks like it is trying to higher high, and possibly reverse the downtrend. I will be watching this closely, as we might want to go a little more cash heavy and secure some more profits on plays like TKO and SYM.
