These are rules I am implementing immediately to stem losses…

1. Risk Management
   1. My daily loss limit is $50. If I loose more than $50, I stop trading for the day.
   2. My weekly loss limit is $250. If I loose more than $250, I stop trading for the week.
   3. My monthly loss limit is $1000. If I loose more than $1000, I stop trading for the month.

Who needs a Trader Medic? A trader who has hit rock bottom. Today, that is me. Below are the sad statistics of where I am a today in terms of P/L. As you can see I have lost a ton of money day trading, and I need to turn around my situation. That is why I started this blog. It will hold me accountable to my turn around plan! It will also be an amazing memory to look back on when I am successful. Everyone loves a good ‘turn around’ story, and this is mine. We are at the beginning of the day trading story however, what I hope is maximum loss. I will say however, that I have learnt a ton! This is why I am confident I can turn my situation around! First, I’ll show you my current trading statistics. Second, I’ll list all the mistakes I made. Third, for each mistake, I will write a blog post on who I am going to avoid making this mistake moving forward. I do believe, that if I remove all the mistakes I have made in the past, I will become more successful. Let’s see if I’m right!

Onward and Upward!

This the public trading diary of Julian, a Canadian day trader and investor. There are a few purposes of this trading diary. Namely,

1. Document my journey from beginner to successful day trader.
2. Provide lessons learned that other junior traders can leverage.
3. Show readers that anything is possible with passion and determination.