Jeez, it feels like it’s been forever since I updated this blog. Well, I don’t have much to say in terms of news, except for the fact that I finally took the plunge and converted my Robinhood Instant account to a Cash account!
Unfortunately it took forever–a few days for some trades to settle, and another 3-4 days for the actual conversion to be complete. But the good news is that now I can day trade as much as I want!
(Well, obviously that’s not true since I have to abide by the T+3 rule and I have a very limited bankroll to play with… but you get the idea.)
Anyway, I’m only playing with profits that I’d earned from that DCTH spike last month, so about $750. Honestly, that’s peanuts. But for now it’ll have to do, since I don’t have any source of income to really funnel into my RH account. Although I am looking for jobs at the moment. I really need at least a good $2500 to start making any real notable profits, preferably $5000. All in due time.
I don’t have anything else to really add, so I guess I’ll post another update maybe next week with a summary of my day trades through the week! However I will let it be known that I managed to make a ~1.3% return on my bankroll during my first full day of day trading yesterday. That comes out to like, a whopping $10.68 or something, lmao. Like I said–peanuts! But hey, any profit is good profit! If I were playing with $2500 rather than $750, that 1.3% could have been $32.50 instead of $10.68 😛
Look, it’s not a lot but it’s a lot more than I’m making now! Hahaha.
AKS