Like I said, never give up but never be stupid to make the same mistakes. Well done, I hope your 2021 will be better than ever.
Congratulations on your success. I suggest you measure your returns as a percentage of your investment, because $40K doesn't mean anything. If your returns are better than that of a managed fund less fees, you're doing really well! I couldn't beat my managed fund which returned a stunning 97.66% but came around 80%, which is pretty good as a first year trader, although I've been reminded how unique this year has been in the stock market.
In this year it was good to trade in forex in the early parts of it. As the year progressed and then the epindemic hit and it was very clear that there was no room for forex trading for smart people. Even with what was going on some people were invited too forex trading by ads and they decided to join whnethere were higher chances of them losing than winning and most of them pretty much did not own that. If you blew up your accounts this year then you probably fell for that and now you know why. The market was not in a good position and therefore there should haev not bene any beginners because predictions were off the charts. Easier to lose than ever than it is to win.
Congratulations! I have much the same story! I opened this account in 2011 with $1000. I mostly trade equity options, and mostly spreads. 2020-309 fills, $1395 in commission P/L YTD for 2020 Best trade for 2020 TSLA
I tweeted all my trades the day prior to making the trades. From June, 2020 till December 31, 2020, my profit was 107%. That's 214% annualized.
Excellent job... A piece of advice is that don't get cocky while you're doing extremely well in trading because it might ruin your trading discipline which is your confidence in trading. btw make sure you save some money aside to pay taxes for your 2020 gains!!!
Good on you! Looks like you are ramping up nicely and your equity growth is great. Best for a profitable 2021.
Excellent return on capital...keep it going. Trading is a lonely profession. This is a good place to brag/share about positive outcomes we have going on at the end of a crazy year.