So today is a day where I’m back at paper trading (I went under $25k in my IB account yesterday and will be topping up) 🙂 It was a good day where I did exactly what I’ve been doing for the last few weeks and it worked. I made $333 in one pre-market trade (my daily profit target is $200). You can see the chart below with my entries and exits – I traded 2,000 shares.
This is showing me that my strategy does work and that the current market mean I need to adapt or perish. I’m following a very well-known retail trader who has a big chat room and he also trades a momentum strategy very similar to mine. In the last 2 weeks he’s also had some big losses (much bigger than mine), but then he’s made a ton more than me as well 🙂 It just goes to show that if he’s affected and trades the same way then it makes sense that I’m also going through a couple of red days.
I expect to have my live $ IB account ready probably on Tuesday so I’ll continue then with the $1k Challenge (live $).
Wishing everyone an awesome weekend!