doctorbadwolf
Heretic of The Seventh Circle
I happen to be playing a Wood Elf Monk (Way of the Open Hand) in an on going Tales From the Yawning Portal campaign now and had this very question last night. The question came up because I noticed that of the 7 party members all levels 4 or 5, my character was the only one without a magic item. Strangely I felt OK with this and couldn't quite put my finger on why.
Most of what came up in the discussion were defensive items like Bracers of Defense and perhaps certain Rings including Rings of Protection. The consensus seemed to agree that this Monk build didn't need too much in the way of Magic Items or even Feats because it got something pretty valuable already at most level ups especially at lower levels. Having attacks be considered magical at Level 6 means that I don't need a magical weapon at least after that level.
Having speed I think also gives you built-in options without needing a magic item. As a Wood Elf, you already start at a speed of 35. At level 2 you get an extra 10 feet of movement increasing your total speed to 45. That means you can Dash for 90. Combined with Step of the Wind, you can Dash for 90 or Double Dash for 180 then tack on a double jump at the end. There's a lot you can do with that kind of movement and it will increase even more at later levels.
MC rogue for dash, disengage, or hide as a bonus action, and you're basically a speedster.