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August Day Trading Results

The month of August was not a great one. I finished up $449 dollars, but for only using 10k per trade, it’s not all that bad. As you can see in the below chart, the beginning of the month started out strongly and then I went flat into the end of August. I found myself breaking rules the last two weeks, and I am still trying to figure out why. The majority of my trades were long, which may explain why I had such a rough go for the month. I put on a total of 140 trades and 57% of the trades were profitable. So, finding the winners are not the problem, my issue is that the winners are not big enough. This month I am going to work on adding to the size of my winning trades, in order to increase my profits. September is setting up to put in the 9-month cycle low, so I will focus on short setups.