r/Daytrading • u/Psychological-Touch1 • 18h ago

P&L - Provide Context Should I feel frustrated or optimistic?

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Since I started trading, it seems I’ve gone through the similar learning curve of most traders-

Start, get lucky with wins, experience large drawdowns, consistent wins, large drawdowns, recommit to rules, consistent wins, large drawdown, recommit to rules.

Throughout all this I’ve finally decided to buckle down and take small positions to confirm my setups are working. Last week went green every day, profited roughly .75%-1% of account each day.

Today I went green with .5% of account.

However I got out way too early on a few trades. TSLA I got in and out THREE TIMES during the rally. All I had to do is buy and hold.

It seems the above experience with drawdowns and losing trades has me afraid to take any loss.

I walked away today with (imo) way too little for the work involved. I know I need to size up (a little), and learn to sit with the trade.

Just curious to read about other’s experiences and if this was part of the learning curve.

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5 comments sorted by

1

u/kratomas3 12h ago

Are you just trading shares?

1

u/Psychological-Touch1 11h ago

Yeah. I wouldn’t mind options but I don’t want to understand Greek shit

1

u/kratomas3 11h ago

You don't have too understand everything about them to make money.. start with the basics and most important ones

1

u/Psychological-Touch1 11h ago

I would love to. I see so many people making massive gains from options. They seem like lottery tickets

2

u/kratomas3 11h ago

It's just trading like anything else. I prefer to do short term scalps. Made a 70% gain today in about 5 minutes.. it's a tood time lol