I Made $544.30 Profit Day Trading

Today is a beautiful Friday morning! I was able to cap off my trading week with another huge milestone of making over $500 profit from day trading stocks in one day.

I believe the key is to continue to try to be consistent at this point in my trading journey in order to take advantages of all of the opportunities that present themselves (without getting too greedy of course).

Here is a screenshot of my profits for the day:

$544.30 Profit!!!

As you can see, I trade DGAZ and UGAZ today. These are two ETFs that follow the overall future contract /NG (Natural Gas).

A few posts ago, I talked about why I didn’t trade these two ETFs as much because of the large bid and ask spreads, however, I saw the pattern to be consistent today and the opportunity for profit to be there.

Here are the keys that led me to being successful today:

Key #1: Identifying a Proper Direction

There were plenty of trades this week in general that I could have performed better. As I look back, the majority of my red trades came from when I was trying to predict a reversal.

I found that I am much more successful when I am able to ride the trend of the ongoing direction instead of trading against.

Today, I did trade against the overall direction a little, but I was always ready to lock in profits or cut losses at any sign of a resistance or a reversal.

Key #2: Being Patient

I was able to wait and let the opportunities present themselves today which led to me being successful day trading today.

Although Fridays can be somewhat of a slow day most times, I found the volume today to be fair enough to try to make some money.

Below I will show you a screenshot of my stock chart from by buys and sells of DGAZ and UGAZ today:

dgaz trades

If you want to learn more about getting started investing/trading in the stock market, I recommend you read this article:

The Most Basic Concept Every Stock Trader Should Know

and here’s the book that led me to begin investing in the stock market in the first place. I highly recommend!

Financial Freedom: A Proven Path to All the Money You Will Ever Need

Thanks for reading!

Make sure to find us on FacebookTwitter, and Instagram for more content!

Have a great day!

5 Replies to “I Made $544.30 Profit Day Trading”

  1. Do you believe day trading at such a volatile environment can offer higher return or loss on average compared to a year ago

    1. I believe that traders like volatility. The upwards and downward movements provide for more opportunities. As for as higher or lower returns, that is solely based on your trading strategy and the quality of trades that you take. You can find volatile industries at any point in the economy, however, the ability to profit is solely on each individual trader.

      1. I believe it depends on what type of a trader you are. If you are a long term investor you are likely to hate the current volatility and prefer more moderate market movements

      2. Yes, I can see your point there as well. Swing traders and day traders tend to have very different perspectives than long term traders. I believe that swing traders are the ones who are most heavily affected by this pandemic.

Let me know what you think!