[SMALL CAP SCALPING] I've been chipping away towards this #win since I started live trading back in early September. Today marks my first official drawdown recovery, as I just crossed over my original starting balance. I've increased my base position size to 40 shares over the last ~3 weeks and basically using 100% of my buying power every day (cash account). I've been working on being more patient with my entries and disciplined on managing my risk. I'm getting acclimated to bigger cumulative losses with the larger position size, but also seeing bigger wins. For the first 1.5 months of my trading career, I had a ~55% accuracy, but my losers were bigger than my winners. I still slip up (I am human after all), but I'm seeing overall improvements and cautiously growing confidence in my strategy. While this was my first drawdown, I also know it won't be my last. Every day is a new day and another opportunity to learn. 🥳

Going over my trade journal since I joined back in May, I've made 15 trades in my small account, trading two setups. The small cap gap, and recently the earnings reaction setup on daily morning big percentage movers. Going into this last Friday, I was up 40% on my overall account. Took a huge 14% loss using most of my account Friday morning, and after this Monday mornings positive trade, my account sits at 31% up overall. Big shot out and thank you to our teacher Derek!!! Thankful for this community he started and the setups he's taught us, with clearly defined rules for entry, risk levels, and profit taking exit strategies. Looking forward to scaling my account size up and joining the pro community as soon as able. Thanks Derek! Side note, I have only taken two losses out of the fifteen trades. Small cap gap setup is 9 wins out of 10 trades. Earnings reaction setup is 1/1 trading an earnings reaction, and 3/4 trading the earnings reaction setup on the daily morning movers. And the one loss, my sell limit order for profit was not filled, even though the price was reached. That's just unfortunate. My account would up 60% today, if not for that unfortunate Friday mishap and loss.

Took my first every earnings trade this morning. And I gotta admit, I'm pretty jacked! I got WOOF from Dereks weekly outlook, thank you Derek. Let the first fifteen-minute candle form, placed my stop limit order a penny above the high of that candle, and set a bracket order with the stop and the limit at the first pivot point. In at 3.35 and out at 3.62. Can trading get any easier than this? lol the value of a good teacher, priceless! Thank you, Derek, for teaching a man to fish. Anyone new to the community reading this...join that pro community asap. I can't wait to join myself.

Had some rough red days last week and yesterday. Allowed myself to trade as long as I didn't have two consecutive losers and was disciplined on my exit (though my first trade had a lot of unanticipated slip, yikes!). My confidence is pretty shaken from last week. I had a couple of good entries this morning that I sold off too quickly - a couple made some pretty big moves right after I sold, but I'm reminding myself that today's goal was confidence building and to either scratch or make slight profit, which I accomplished. At the very least, the big moves were a little reinforcing to what I was seeing, and I'm proud of myself for not giving into FOMO. #WINS Trade 1: WINT, $0.22 Loss (-$0.22) Trade 2: WINT, $0.22 Win (Even) Trade 3: WISA, $0.06 Loss (-$0.06) Trade 4: WISA, $0.07 Win (+$0.01) Trade 5: CNFR, $0.03 Win (+$0.04) Trade 6: CNFR, $0.03 Win (Net +$0.07/share) Happy Hump Day!

#WINS. Found a pre-market mover in $BSLK this morning on my scanner. I ended up taking two trades on this one. Trade 1: Buy after first 1m pullback after 6AM CST (6AM CST is as early as I can trade pre-market on Webull), sell after hitting $0.15 profit target, but was filled with a $0.17/share win. I actually tried to scale out 50% on the Ask, but my hotkey wasn't working, so I ended up selling the whole position to lock up some profit. Trade 2: Anticipating the break over the whole dollar. Admittedly, this one was a little riskier, and I only executed it because I had a cushion from Trade 1. First 1m candle to approach $5 hesitated at $4.96. I tried to buy the next candle at $4.97 as I watched orders get filled on the L2, but was filled at $5.00. Sold <2m later at $0.17/share profit. 3 minutes after Trade 2, the stock hit a high of $5.45 before pulling back and moving sideways. I missed one more upward move, but I'm happy with where I got out, knowing the second trade was a little riskier than the first. #WINS LESSONS: - Trading the front side works a lot better than trying to catch the falling knife (Thanks, @Derek Barnett)! 😬 - Execute the action. When my hotkey didn't work, I had presence of mind enough to click "sell" to execute my plan, rather than lose focus and try to sort out my IT issue in the moment. In this case, it ~could~ have worked out in my favor to hold longer, but I'm trying to manage risk, not gamble. Happy Trading today, everyone! Hope is not a strategy! 🙃