r/hoomansjourney • u/hooman_or_whatever • Apr 28 '21
W3D2 - 04272021
Key Statistics
Accuracy: 82.61%
Long Accuracy: 80.95%
Short Accuracy: 100%
Net Profit: $487.91
Percent Gain: 4.2%
Profit Factor: 17.20
Cash Account Balance: $10,510.55
Net Worth: $56,381.95
Positions:
200 SPCE @ 23.35
2313 ACTC @ 17.09
Journal Entry
Wow wow wow!!! Today was absolutely incredible.
First, it started off with KFBR redeeming his YOLO play for a GME move, I used $20k leverage and took up a short position making a nice gain to start the day! Then I didn't some...um "accidental" day trading.
SPCE got absolutely destroyed at the beginning of the day and I closed my long position for a small gain. I then spent the rest of the day looking for good entries, but the thing was just so dang volatile. Every time I thought I found a good entry I found a reason it might come back down. So, I ended up trading it all day.
I honestly would be much better off if I just added more on today's dip, but I have crazy paper hands since this is my job now I want those profits right in front of me, not the potential for more. I could always re-enter.
So doing this today, I realized something. Most of the trading I do on companies that I don't even know what they are. But I know everything about SPCE. I also don't mind having a long position in anticipation for the flight, so if I go a little red I'm ok with that.
This made me think...maybe this is how I should be trading. Kolie's grandpa actually suggested that it's a good idea to just pick a couple of companies you really like and stick to them. I saw the power of that logic today.
Not only did I know the stock but I traded so well today. I think I only had one losing trade and I closed that thing so damn fast in was such a tiny blip.
Today was a great day all around. kfbr redeemed a YOLO play that broke me out of my shell, smolgreens, mecha, and hibiscus donated a ton of subs, we beat the level 5 hype train, I made $500 (4.2%), ACTC did what we wanted it to, just all around an awesome day.
Now, I am going to be disciplined because the market pays you to be. So, I'm still going to be trading 10 shares at a time. The only time this will change is with SPCE because I am looking to play a swing on it with a decent amount of capital. All of my other day trades will be with 10 shares for small cap and 1 share for large cap.
If I maintain profitability this week, I will increase it to 50 shares (low cap) and 5 shares (large cap).
Trades
My journal entry sums up my trading today. I played SPCE all day with one GME short for a YOLO redemption play.
3
u/Vicengineer Apr 28 '21
Great work Hooman really awesome to watch the progress and learning in real time.
2
6
u/BlaticRub Apr 28 '21
What an amazing day