How much did I make as a day trader in 2021? — Transcript

Full transcript

1. 0:00hello guys steven here welcome to this
2. 0:01video today we're going to
3. 0:03talk about my 2021 games and also look
4. 0:06at the count statements
5. 0:07and also some of the things that you can
6. 0:09learn from your personal
7. 0:11trades and also you can figure out the
8. 0:14transitions between slow seasons and to
9. 0:16hot seasons so those are the patterns
10. 0:18you can go back
11. 0:20to your statements and try to figure out
12. 0:22okay is there
13. 0:23something that i should filter out is
14. 0:25there a trace that i should keep doing
15. 0:27what i'm doing
16. 0:28and also some of the method you can do
17. 0:30to manage your account as well
18. 0:32so a lot of points to talk about in this
19. 0:34video so before i start this video make
20. 0:36sure to click the like button and
21. 0:37subscribe let's get into the video
22. 0:39alright so uh first of all i think i
23. 0:41showed my 2020 account statement on
24. 0:43trade zero
25. 0:44so trade zero is one of my smarter
26. 0:46accounts this is where i do my internet
27. 0:48trades
28. 0:49that i go in and make sure to go out
29. 0:51before the day ends
30. 0:53there's a lot of trades in 2020 to 2021
31. 0:55which i use other brokerage to short
32. 0:57into
33. 0:58so i'm not going to cover in this video
34. 1:00but let's look at all the intraday
35. 1:03trades
36. 1:03through 2020 to 2021. also i want to go
37. 1:07over the habit between
38. 1:08slow season to hot seasons and these are
39. 1:11very important transitions for traders
40. 1:13to get used to
41. 1:14so uh let's look at 2021 first of all we
42. 1:18have
43. 1:18when the pandemic started the market was
44. 1:21slowly changing into the phase
45. 1:23to extreme volume that trades
46. 1:26pretty much 100 million shares per day
47. 1:28so in january it took me a couple months
48. 1:31to
49. 1:32actually get used to the market and get
50. 1:34used to the volume
51. 1:35you can see the profit is not
52. 1:37significant
53. 1:39compared to the later in the year i was
54. 1:41trying to figure out okay what's the
55. 1:43average pushing percentage for
56. 1:45gap up shore what is the maximum
57. 1:47drawdown percentage
58. 1:48for first rate day and what is the
59. 1:51maximum dollar block those terms which i
60. 1:53mentioned about
61. 1:54in a previous couple videos so if you
62. 1:56haven't checked that out
63. 1:57make sure uh look out for those terms
64. 1:59january 94 000
65. 2:02negative then we have another negative
66. 2:05100 000
67. 2:06in march so i had in total of three
68. 2:08negative months
69. 2:09uh in the entire year you can see that
70. 2:12uh
71. 2:13let's expand the chart
72. 2:17uh actually full
73. 2:22you heard that so for the entire year of
74. 2:262020 you can see that i have four liquid
75. 2:28months
76. 2:29and for the rest the biggest month that
77. 2:30i had was 1.4 million in december alone
78. 2:34and you can see that after a huge month
79. 2:36i normally go into a small losses
80. 2:38because i tend to get overconfident
81. 2:41after a huge month and sizing way too
82. 2:43big mess up my patterns and
83. 2:45making many mistakes especially when you
84. 2:48had a huge win
85. 2:50in your trading career make sure
86. 2:51something's small in the slow season
87. 2:53because that's where you tend to make
88. 2:55the biggest mistakes in your career
89. 2:57they happened to me many times make sure
90. 3:00to take your profits out
91. 3:01whenever you make a huge game now let's
92. 3:04look at
93. 3:052021 in this year alone already
94. 3:08i have made in total of 1.3 million
95. 3:12so between 2020 to 2021 in terms of
96. 3:15gross profit
97. 3:172.8 million plus 1.3 around 5.1 million
98. 3:20in total
99. 3:21and let's look at the account statements
100. 3:23so in january and
101. 3:25february those two months normally are
102. 3:28really hot
103. 3:29because company tends to file their
104. 3:31losses they want to do
105. 3:33lots of offerings to gain money from
106. 3:35investors this is where the market
107. 3:37massively favors to the short side
108. 3:39you can see that i made 300 000 in
109. 3:41january close to 1 million in february
110. 3:44then march and april the market
111. 3:48general direction is kind of slowing
112. 3:50down so i haven't made
113. 3:52much trade for those two months it's
114. 3:54been really slow lately for the last
115. 3:56three weeks
116. 3:57so uh my profit it's staying around 1.2
117. 4:001.3 million for the last two months
118. 4:02overall there is one thing you have to
119. 4:04pay attention to is
120. 4:06your borrow fees because the net profit
121. 4:08you can see right
122. 4:09on the right side uh net profit
123. 4:13you can see it's 1.29 million now this
124. 4:16number
125. 4:16does not include your dollar fees
126. 4:19so for 2020 alone out of my 2.7
127. 4:24uh gross well net profit there is about
128. 4:27two to three hundred thousand
129. 4:29winning to the borrower fees so in terms
130. 4:31of overall net profit between 2020 to
131. 4:342021
132. 4:35is anywhere between 4.8 4.7 million
133. 4:38dollars
134. 4:39so for that borrow fees is extremely
135. 4:41important
136. 4:42one of the rules for me especially when
137. 4:45you try to short a stock and try to
138. 4:46borrow your shares
139. 4:48try not to borrow stocks that is over 10
140. 4:50cents or above per share
141. 4:52because that's where it gets extremely
142. 4:54tricky now if you don't have enough edge
143. 4:56in this specific ticker that if you take
144. 4:59a loss
145. 5:00it will be a very difficult to recover
146. 5:02because you just add it to your loss to
147. 5:04become a bigger loss
148. 5:06so for 2020 and 2021 we're in this
149. 5:08extreme market conditions
150. 5:10so i don't really make 1 million a month
151. 5:13uh often in 2018 2019 that's where i
152. 5:16started to try to perfect my patterns
153. 5:18and practice my habits
154. 5:20and being disciplined as well so you can
155. 5:22see in 2018
156. 5:23my net profit starting from april in
157. 5:272018 to december i made in total
158. 5:29of 600 000 for gross profit in terms of
159. 5:33net profit i have made
160. 5:35553 thousand probably around
161. 5:3850 000 in terms of total borrow fees and
162. 5:41you can see that i had
163. 5:43four red months and five green months
164. 5:46and i was be able to keep my losses
165. 5:48really small
166. 5:49so by looking at your account statements
167. 5:51the first thing you have to go over
168. 5:53will be how can you minimize your losses
169. 5:55on each month
170. 5:56that's the first step you have to take
171. 5:58to become a profitable trader
172. 6:00now once you progress your patterns and
173. 6:03perfect your strategies and being
174. 6:04disciplined
175. 6:05that's where you can turn red mounts
176. 6:08into green months
177. 6:09to become a profitable trader as long as
178. 6:12your biggest
179. 6:12win can overwhelm your biggest losses in
180. 6:16terms of
181. 6:16long term you can be very profitable in
182. 6:19your trading
183. 6:20career the third thing you want to do is
184. 6:22you want to keep your account or make
185. 6:24sure that
186. 6:25whenever something happens either you've
187. 6:28been too emotional in one day
188. 6:30you took a huge loss and you don't
189. 6:31really have a second chance to start
190. 6:33over again
191. 6:34so to be able to prevent you from being
192. 6:36emotional and taking the biggest losses
193. 6:38in your career
194. 6:40and this is where i split my account
195. 6:42into three different parts
196. 6:44so let's say i have in total of 75 000
197. 6:47account
198. 6:47i will keep 25 accounts in my trading
199. 6:50account i will keep 25k in my bank
200. 6:52account and 25k as a backup account
201. 6:54in this case i will be able to have
202. 6:56three chance if i
203. 6:58screw up on the first time so in this
204. 7:00way you will be able to prevent
205. 7:02from biggest losses that hit your
206. 7:04account and you don't really have a
207. 7:05second chance to trade again
208. 7:07up to this date i'm still using this
209. 7:09method even though i have
210. 7:11a billion dollar account i will still
211. 7:12keep one backup account and one account
212. 7:15that
213. 7:16if i see a big opportunities i will tend
214. 7:18to wired it in
215. 7:19to catch the opportunity to be able to
216. 7:21make more profit
217. 7:22so the last point if you look at your
218. 7:24account statements you can kind of see
219. 7:26that
220. 7:26some of the trades you kind of got lucky
221. 7:29to make a profit
222. 7:30some of the trades that you followed
223. 7:32your pattern you followed your rule you
224. 7:34made your profit
225. 7:35so you can try to filter all those dumb
226. 7:38losses out and also some of the over
227. 7:40trading
228. 7:41habits that you place the random trade
229. 7:44you're not sure if the strategy actually
230. 7:46can make money
231. 7:47once you filter all the unnecessary
232. 7:50trades out you will be able to
233. 7:52be much cleaner in terms of your
234. 7:54discipline
235. 7:55and to follow your rules especially on
236. 7:58your pattern
237. 7:58and those four general points that i
238. 8:01talked about
239. 8:02is very important and crucial to your
240. 8:04trading career
241. 8:05once you practice uh looking at your
242. 8:08account statements and be able to figure
243. 8:09it out
244. 8:10how to be disciplined and how to filter
245. 8:13your results
246. 8:14and also be willing to face your
247. 8:17mistakes
248. 8:17because everybody learn from mistakes
249. 8:20admit you're around and try to improve
250. 8:21your strategies that's how you can be
251. 8:23better
252. 8:24as a trader so it's a progress make sure
253. 8:26be patient
254. 8:28and be willing to learn track your
255. 8:30statistics and work hard i will see you
256. 8:32guys in the next video
257. 8:40[Music]
258. 8:46you