Real Live Trade Review - Learning To Trade While Working Full Time

As you guys know, I got a job about 2 weeks ago and I’ve been officially trading part-time ever since then. I wasn’t planning on trading much during the first week. The trades that I did take were very safe, I only risked a quarter of what I normally do. I did it with range order - it’s when you set up the profit target and the stop loss, and once one of them is hit, the other one cancels out automatically. It worked out well for me, and I’ll keep using automation to manage my trades while I’m away at work.

I don’t really know how much I’ve made on that trade. The whole month of December I didn’t look at my PnL as a part of the challenge that I’ve created for myself at the beginning of the month. The question is, how do I know if I’m doing well?

Well, at the end of the day, you always know if you’re up or down. And the benefit of not knowing exactly how much money I’ve made is that trading stopped being all about the money. I’m not tempted to trade less than ideal setups just to get the profit.

The trade that I’m still in - CBIO - is the trade that I’ve executed differently thanks to this challenge. I got in at the $7.70s after a big squeeze and not seeing much interest from other buyers. I covered most at the $7.30s and $7.10s, and I’m still waiting for the $7 to crack. It might not crack, but it’s fine since I only have ⅕ size still in the trade.

Before the challenge, I would have gotten in earlier. Most probably, I would have been one of the sellers who got squeezed. I would have chased one of the minor spikes out of FOMO. The December challenge helped me with the fear of missing out. I’m not trying to instantly make up for the losses incurred, and I’m trading just to trade well while focusing on the risk/reward ratio.

I’m really excited to see how this month turns out!

Do you have any questions regarding the PnL challenge or any other topic? I’d be happy to answer them - hit me up on Twitter or in Youtube comments!