It’s been another wild week in the market, and trading log really shows it. I think this week might be one of my most heavy trading weeks ever. On Thursday alone I made nearly 400 trades in just a couple of hours.
Of course, as is usually the case when you take that many positions, I don’t have all that much to show for my activity. I’m on pace to end the week in the green by about $13,000 or so, and my commission fees will likely cut that by $3,000
Don’t get me wrong, I’m happy to walk away with any profit, particularly in this market environment. However, it’s tough to be a day trader right now, don’t let anyone tell you otherwise. The market is loathe to call a bottom right now, and any stock that might start running has an equal chance of reversing shortly after. I only wish momentum was a bit stronger to help support stronger moves in the names I’m trading.
However, because of the advanced charting tools and better executions, I am committed to the commission-based brokers, specifically Lightspeed, which has consistently been one of the best trading platforms I’ve traded on to date.
I have attempted to show hoe my trading strategy can work using these domestic brokers. Specifically in my ongoing side hustle challenge, in which I started a $2,500 cash account with TD Ameritrade that I’ve so far added about $2,000 to over the course of two months.
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