TraderSync Update On My Trades| $500 Account Challenge Day 49

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
Day 37: Time To Go Cash Heavy?
Day 38-48: Traders Paradise Conference In Florida
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!

TraderSync Overview

So we are almost 50 days into this $500 Account Follow Along, and as you can see below the results are not as positive as I would like them to be monetarily speaking. That being said, I am learning a brand new strategy with this account, and have learned a lot of lessons. So overall this has been a success.

Over the past 49 days I've become way more confident following this trading strategy. I made a few mistakes that cost me on $CRM, $HOOD, $SNAP and a few others. Had I played these trades perfectly, I would be up pretty big right now. However most people aren't perfect when they are practicing something new, which is why starting small (for example a $500 account) is the perfect way to learn!! TraderSync also has a Market Replay feature you can use to test your strategies!

The biggest takeaway is that had I set Stop Losses on every single of one of trades, as per my plan, I would have been in the green still with a good amount of profit overall. This data is good because it shows me one simple thing that I can do that can help my trading going forward with this plan, and that is to set stop losses as soon as I enter the trade, no matter what.

Jay is going on vacation for two weeks, so I am going to be holding off from Swing Trading for a little bit. I sold all of my positions except for $TKO as that one is my personal trade. I will be focusing more on day trading until Jay gets back!

$NKE $72.60 entry, $82.22 target and $71.24 stop loss is still in play. Our $M and $UBER trades (look at the watchlist graphics at the top of the page for entry and targets) also hit entry. I am not in any of these plays with this account, as I am taking a break from swing trading while Jay is on vacation.