Breaking even with experience gained. That sums up my 1 month of trading so far.
Realistically this is good. The market has been horrible, we’re in earnings season, we are switching from five years of bull to bear, & other experienced traders are crying capital preservation.
I’m looking for the following:
- 6 weeks of relative calm after the Fed today. The next scheduled rate review is March 18th & I doubt they will make another emergency cut.
- Some normal rhythm/leadership in the market. Preferably a confirmation of the market downtrend.
If so I should be able to implement swing trades over my normal average trade time of four days.