Day Trading Roller Coasters | $500 Account Challenge Days 55-59

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
Day 49: TraderSync Overview Of My Trades
Day 50: Day Trading $UBER
Day 51: Learning A Valuable Lesson About Day Trading
Day 52: Going To A $TKO (WWE) Event
Day 53: Practicing Support/Resistance
Day 54: Going Over The Past Trades
Bonus: Using TraderSync To Track My Trades For This Account

Options Day Trading Rollercoaster

8/13: Using our Divergence strategy I’ve been talking about in the discord I took an UBER PUT.

Remember, with our swing trades we are only risking $5 (1% of the portfolio) per trade. So every $5 profit I lock in is another cushion for those swing trades. I was originally looking for $10 profits, but decided not to be greedy. Plus my original plan was to trade it down to the 200 MA which is where it hit when I took profits.

I also made a quick trade when I saw Bullish hidden divergence. I entered when the Stochastic indicator crossed over. I set a limit order to sell at $5 profit, which filled.

8/14: I decided to venture from UBER and try playing HOOD, as we’ve played it in the past as swing trades and I’ve gotten familiar with that chart. The trade quickly went up $10 in profits, which is my daily goal, but I didn’t sell as I had a higher greedier target.

It ended up dipping before coming back into profit.

I ended up averaging down and selling for $17 profit.

8/15: I entered a $HOOD $20 call at .55. To me the overall chart looked bullish, and I had an expiration of next Friday so liked this contract. The price ended up dipping, and never coming back to even the whole day. I ended up “buying the dip” a few times to try to average down and get out on a pop, but the pop never happened.

I then also entered an $UBER CALL while I was in this trade to try to make up some of the unrealized losses. That contract went into profit, but didn’t hit my target, and ended up going into the red by the end of the day. Rather than close out either contract, I decided to let this play turn into a swing trade, as I was still bullish overall on these plays, and had until the next Friday for expiration. Clearly I had no exit plan for a potential loss, and let me emotions make it so over allocated into these plays.

8/16: Friday rolled around and I was down 50% ($50) on the $UBER CALL and around $50 down on the $HOOD ones. I had my entire portfolio in the market at this point, so even if I wanted to I couldn’t average down. I was still bullish on both stocks going into the next week so HODLed. I ended Friday around $500 on the total portfolio but didn’t sell anything to limit risk.

8/19: So fast forward to today, both UBER and HOOD had a good day, and I was able to get out of UBER with only a $2 loss, and got out with a profit on $HOOD.

If the market hadn’t gone my way I could have faced a severe loss due to the way I played these. Let me know in the discord what I could/should have done differently!! Remember this account is all about learning and trading psychology!!