Is It Possible To Make Money Day Trading? Insights from My numbers July 2012 – July 2013
I have previously written some articles about the possibility of making money day trading:
From mid-2011 until mid-2012 I was going through a tough time trading. I hardly made any money. At the same time, I was moving to a foreign country and I had a lot of stress.
In June 2012 I did a lot of research and started different strategies. Since then I have made steady progress and been profitable all months. I’m not making nearly as much as I did in previous years, but right now I manage to make a decent living out of this.
- I traded 244 days
- 182 profitable days (75%)
- All months profitable
- Worst day: 4 254 USD in losses on 29th of May 2013
- Best day: 3493 USD on 7th May 2013
- I ended the last 5 days of June 2013 with all losses (new record)
I was not trading on two of the most profitable days (theoretically).
By writing this blog I have come in contact with a Latvian programmer (and trader) and we’ll start trading together in August.
Hopefully, we can automate absolutely all trading, at least he has been working with a trading program for the last two months. We’ll start with three different strategies when he’s done. If this program is successful, it has paid back all the work I have put into this blog!
As of now, I’m only trading mean reversion strategies.
FAQ:
– How can one improve their trading performance during challenging times?
To enhance trading performance during tough periods, consider conducting thorough research, implementing diverse trading strategies, and minimizing external stress factors.
– What is the significance of profitability percentages in trading?
Profitability percentages indicate the proportion of profitable trading days, reflecting the effectiveness of trading strategies. Tracking and improving these percentages is essential for consistent success.
– How can traders manage exceptionally good and bad trading days effectively?
Managing exceptional trading days, whether good or bad, requires discipline and risk management. Profits should be protected, and losses should be controlled with appropriate strategies.