First Drawdown Recovery · Trash Panda Trades

12d ago in #Wins

First Drawdown Recovery

[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. 🥳

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