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Bailey Nevener

YouTube Monthly Recaps - Profit/Loss!

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Posted (edited)

 

Scroll down to see the beginning of the Monthly Recaps.

 

Edited by Bailey Nevener

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Posted (edited)


Started around: 

JAN 1, 2021

6B5BFB73-9FC6-41DB-9382-04A176932F53.thumb.png.de2fd0604dd7d0eadb0f5fc1c4dd3a89.png

 

 

 

Currently: 

AUG 24, 2021

CCBDEB52-AAA8-4B62-9679-C13F8BB0FDBF.thumb.png.bdf79526eaa0a0c50696536deeaf018a.png

 

Only 10k more to go until this baby is over PDT!

 

I began with 8k and have been just taking it super easy.  My best results come that way. 

Through recurring deposits it has about $1k that I have put in on top of the original amount, hence the +$6k profits. 

 

It has been mostly swing trades and a few day trades to get to this point.  

The equity curve looks nasty, but trust me it has all been controlled. 

 

If this were from mostly day trading it would be that nice x = y line.

In this situation I am obviously having to keep my positions rather large and trade infrequently (Robinhood is not exactly speedy), which results in big equity swings.

 

No stress and infrequent trading = profits.

 

Fortunately I am currently the most underleveraged I've been since I started the account,

and I'm in positions with very little possibility of running down with very large upside.

 

=================================================================================

 

Robinhood doesn't really have the trustworthiness for me to take scalp day trades often.

I missed out on my playbook trade yesterday on PFE, which probably would have stacked another $500 - $1000 in this bad boy.

 

Unfortunately, if I push it in that regard on this platform I will inevitably get burned if everything isn't working perfectly,

so once I saw that Robinhood was bugging out a little, I let it go without me 😢.

 

This is WAY less stressful than being 40k in the hole at 17% interest though lol, so I can wait for that last 10k.

 

On a side note  It looks like my offer for a new house is about to get accepted.

Edited by Bailey Nevener
Photos were corrupted for some reason.

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I’m under contract, so once I get into the new house I’ll be able to set back up with a live account!

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Posted (edited)

SEP 2, 2021

image.png.e37f77c587c3b2ebf410fd1312f6fb10.png

Don't be alarmed, I deposited 5k to catch this rip on TTCF and once it finishes its predictable move I will withdraw it again.  Account is actually at 18k.

Looks like we are doing pretty good though!  Hopefully we are around this amount when I move into the house so it can be a simple transfer.

This is waaaay easier than when I was working all of the time.  Honestly it has been a joke in comparison. 

Working and trading is a nightmare, proportionate to the hours and demoralization IMO.

 

SEP 3, 2021

image.thumb.png.307f0d4c0af6c0dd55f50c0afcd3939c.png

I withdrew the $5k I deposited to catch the run and another $500 went into my auxiliary checking account. 

Always good to pay yourself if you can. 

Helps the mental aspect.

 

I locked the TTCF position in today.

I sold 300 shares after I saw it rip through and subsequently reject heavily at $25 (which was also just below a daily level), and then I sold the rest after it broke LOD.

 

I caught a huge move on it ($16 - $25) and held until I saw a sell signal. 

image.thumb.png.e202bb1cde54fe10be54c14d7545a9ed.png

1) BOUGHT AS MUCH AS I COULD:

image.png.aaa7fedba802dfe368433adecfbee3d6.png

2) DEPOSITED MONEY AND BOUGHT MORE FOR THE RIP:

 image.png.be38ff20764867b2811003c755b91c5b.png

 image.png.80592bfacf749e26516e44e83fe37b20.png

3) SOLD EVERYTHING:

image.png.2b4a274d743ca408e0ea7803b41d04b6.png

image.png.193829bd3347cb2589c47717f1e446c6.png

4) DEPOSIT CLEARED:

image.png.e3b09fcbf3aa6ac3c9a73f6e7c419c3c.png

5) WITHDREW DEPOSIT:

image.png.4cf6ade995a13d7d75fb9733d579e354.png

 

If I would have seen more volume on the daily chart during the overall price push-up I would have probably held through this pullback, but the run was only averaging just a couple million shares a day. 

For this kind of squeeze thesis I would like to see an average of 3M+ volume increasing each day for me to hold to ATH.

Or if I saw a large range expansion day with 5M+ shares traded I would probably expect a gap very close to ATH the next day where I would decide what to do like today.

If it runs down to $21.50 I might initiate another starter position.

 

 

Edited by Bailey Nevener
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Looks like I’m going to cross PDT in the next couple of weeks.  If it does end up going over before the end of the year then that was less than 365 days for my full account to increase over 120%-ish percent.  Not exactly the same as making 10 million with the Tesla position I got margin called out of during the crash, but at least I probably still won’t have to work a job ever again.

04D1B4D3-25D5-473D-96BC-08F2CD936397.thumb.png.9271aabb14285f1e88a505ed70b39b0b.png

Edited by Bailey Nevener
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 WE FINALLY GOT TO $25,000!

Here's a small breakdown...                                                                                                            

OCT 29, 2021

image.thumb.png.23d64f022c38dda9b17da837fa4d1aa2.png

Just 2% away from crossing the PDT boundary.

This is the FINAL time I will ever have to take a small account (in this example the starting balance was $8,000) past PDT.

This is the 302 day of the year or about the 209 trading day.

 

 

image.thumb.png.0c695958b680d7e60357ebe92c93ac2e.png

The account balance on May 13, 2021.

May 13, 2021 was the 133 day of the year or about the 91 trading day.

This was around the time that I paid off all of my debts with my other day trading account (that started out with about $3,000),

so I started focusing on this one.

 

The growth in the account really picked up after that.

 

To get from a -2.11% return to a 149.68% return took 169 days of the year.

 

Consequently, the account averaged about $127.24 per trading day for 116 trading days.

Even if I already had a $25,000 account that is a decent return.

 

This is the reason I encourage people to swing trade and invest past $25,000 because it is simply easier and oftentimes faster due to that fact than grinding a $5,000 account to $25,000 with CMEG.

There are a couple of things that I need to happen before I can day trade again with Interactive Brokers using DAS:

  • Move into new house
  • Setup wired internet
  • Configure bulletproof risk controls
    • Designate a trading-only computer
    • Block all applications that could aid overriding DAS risk controls via 3rd party software
  • Be able to fund an account that provides desirable cash-flow if day traded while still staying heavily invested.
    • Ideally I would like to liquidate less than 33% of the account to equal $25,000.  (The account equity would need to be >= $75,000)


 

Edited by Bailey Nevener
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