December & 2022 Analysis
View previous months' analysis here: Small Caps Dried Up & BIG Large Cap Swings | November 2022 Recap
Video recap: Maximize Profits. Minimize Overtrading.
Day Trading 2022 December Stats
Not the cleanest month for me because I was pivoting to working on holding winners longer. I was still doing smaller sizes, as i was testing the waters with the adjustments to my strategy, so no massive gains/losses but %wise some bigger changes. My avg r:r doubled on both from 1:1 to 2:2. Holding positions longer means bigger profits but also losses. Need to iron out the new rules that go along with this strategy.
Day Trading 2022 Annual Stats
This was a bit of a messy and painful year for me. I did all-around poor trading. I was distracted with side projects and took a decent amount of time off. On top of that the general bear market slammed opportunities. If it couldn't get any worse I wanted to allocate trade profits just sitting around and "invested" in stocks I thought were good value. That was just a big red game because then my trader side came out and I kept cutting positions or managing them, which was red in the end. I did too much with too little focus.
"Investments" 2022 December Stats
Held a lot of positions where I basically decided "this is going to be an "investment" and then I cut losses or decided to manage the position. Actually, that's the only thing that kept this from being massively unrealized losses. Which would have been a totally different strategy.
The reason that I had so many losses in December alone was that I had some bigger option swing trades that went south on me as well. At the beginning of the year, I was primarily only buying the spot and holding.
"Investments" 2022 Annual Stats
I think what I realized from all of this was simple. You are either the master of one or try many things and become the master of none. Going forward I only want to master my single-day trading strategy, the one I am revising now.
Here's the situation..
Sure I took quite a bit of time and the markets were pretty god-awful last year but the cold truth was that...
I was trading too many strategies:
- Day Trading
- Scalping
- Trend Following
- Trades reviewed:
- Investments
- Turned them into managed swing trades
Which made me in a very reactive mode. I wasn't clear in my mind.
So here's what I've been doing to fix it:
- Double down on studying (2 Hours Per Day To 4)
- 2 Hours Morning: Review past Trades & Watchlist (What I'd like to see for entries)
- 2 Record my trade recordings
- Stop everything besides 1 strategy
- Day Trading Trend Following
- Get very clear on my 1 strategy
- My trading principles bible
Further Trading Analysis
Posts In Review
Watchlist
- Back after 5 Days Off! Will MOMO come back? | W48Y2022
- End Of Year Momo "Kinda" Back & Pre-CPI Wave | W49Y2022
- Small Cap MOMO Back! SPY Slow Down? CPI Comes Out Tuesday | W50Y2022
- Short Trading Week For Me. Happy Holidays! | W51Y2022
- Monday Markets Closed (Christmas 🎄) & Last Week Of The Year 🤯 | W52Y2022
Other