Day Trader Loses $50K | $500 Account Challenge Days 60-63

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
Days 55-59: Day Trading Roller Coaster
Bonus: Using TraderSync To Track My Trades For This Account

A Week of Calculated Trades and a Harsh Reality Check

The $500 account challenge continued this week, albeit at a slower pace. With the market feeling a bit volatile, we decided to take it easy and limit our day trades to three.

Focus on Risk Management: After last week's emotional trading rollercoaster, our primary goal this week was to practice disciplined risk management. We set strict stop losses and profit targets for each trade and stuck to them religiously.

Small Wins, Big Lessons: While the profits from these three trades were modest, they were a testament to our improved risk management. Even small wins can contribute to overall portfolio growth when executed with discipline.

A Harsh Reality Check: This week also featured a stark reminder of the risks involved in day trading. A video surfaced of a trader losing a significant amount of money live. This serves as a powerful reminder that even experienced traders can face substantial losses.

The Importance of Risk Management: This incident underscores the importance of risk management in day trading. By setting stop losses and sticking to a disciplined approach, we can mitigate the impact of losing trades and protect our capital.

Stay Tuned: As the $500 account challenge progresses, we'll continue to focus on risk management and explore new strategies. We'll also share more insights and lessons learned along the way. Stay tuned for updates!