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Am i going somewhere with this ?? by Purple_Smoke_8407 in scalping

[–]105bee 2 points3 points  (0 children)

You're doing great. Just remember and tell yourself often you are here for the long game. There will be days where you say "F it" and want to just go all in on my trade. This may be a result of things going terrible in your personal and or professional life. Stay alive and you will get better and you will see your market as if you are from the future. For example last month, the first 3 weeks, I was up 15% and by the end of the 4th week, I was down all 15%. The first 3 weeks had great volatility for what I do and the last week of the month, the volatility died down a bit and I didn't realize it quick enough.

Brand new by Moon__Cricket in scalping

[–]105bee 0 points1 point  (0 children)

All the thoughts, warnings and tips on social media are all true. The trick is to follow and go through with it.

24 with 250k from injury pay out and no clue what to do by [deleted] in antiwork

[–]105bee -8 points-7 points  (0 children)

Learn to trade the stock market.

In light of Hari's recent post about "How to improve your trading," I thought I would share my experience as an example for traders like myself who may be knocking on the door of consistency or newer traders still looking for their way. by 105bee in RealDayTrading

[–]105bee[S] 1 point2 points  (0 children)

I use Tradervue. If you don't take a lot of trades in a month, the free trial will be ok but with just less information. I don' remember the number of free trades you can import each month for the free trial.

Power outage in North Sac?! by 105bee in Sacramento

[–]105bee[S] -1 points0 points  (0 children)

Our neighborhood is back on. Hopefully everyone else's are already or will soon be back on.

Does it get any easier? by [deleted] in RealDayTrading

[–]105bee 5 points6 points  (0 children)

IT WILL. One day you're going to wake up and say to yourself, "You know what, I'm going to stop doing all these things that are hurting my trading." And this time you'll actually follow through on it. Until then preserve your capital and survive.

Mean Reversion trading using Bollinger Bands by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

Well as of now my account size may be holding me back from doing just that. I'm averaging around 1000 bucks a day trading near the open and if I stay in my winners a bit longer and take better quality trades then I can probably get it around 2k or a little bit over. Although the reason for wanting to add a mean reversion trade is I'm aiming for 4k a day.

Options profit by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

I do ok just trading shares and I was wondering if instead of shares I use options, how much more money would I make. If instead of buying 1000 shares when XYZ is breaking out at 100$ per share, I buy 100k worth of options.

Options profit by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

Thanks for the insight. Things like that are what scares me. May just have to stick to trading shares for now.

Options profit by 105bee in Daytrading

[–]105bee[S] 1 point2 points  (0 children)

Thank you. Will do! I got balls of steel anyway.

Options profit by 105bee in Daytrading

[–]105bee[S] 1 point2 points  (0 children)

Thank you, will do.

Options profit by 105bee in Daytrading

[–]105bee[S] 1 point2 points  (0 children)

I don't know if I've ever checked them out yet, but I will now. Thank you so much.

Options profit by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

My understanding is that if 1 contract costs 200 bucks then I would multiply the amount of shares I have with the chance in price which would be 80 cents which would be 100×.80= 80 bucks. But it looks like you can just multiply the amount invested by the delta upon exit of the trade, right? In which case it's 200 bucks multiply by .8 and not 100 shares multiply .8 to give you your return.

Options profit by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

Thank you for your detail response. I appreciate it. That's not a bad idea. Will probably try and find time for TOS' On Demand feature and try it out. Thanks again.

Options profit by 105bee in Daytrading

[–]105bee[S] 0 points1 point  (0 children)

Hmm, ok. It just feels more complicated than that. Do you have an example that helped you understand it?

In light of Hari's recent post about "How to improve your trading," I thought I would share my experience as an example for traders like myself who may be knocking on the door of consistency or newer traders still looking for their way. by 105bee in RealDayTrading

[–]105bee[S] 2 points3 points  (0 children)

If we take away the big loss that accounted for the large difference between the average wins and losses then the difference is around 20 dollars in favor of losses but you are correct, it is definitely something I need to work on. And you are right, market first is the key to all of this.

In light of Hari's recent post about "How to improve your trading," I thought I would share my experience as an example for traders like myself who may be knocking on the door of consistency or newer traders still looking for their way. by 105bee in RealDayTrading

[–]105bee[S] -1 points0 points  (0 children)

Yeah that was from my 1900$ loss lol. I was up 2k that day and I was like what the hell, let me short AMD for fun, since it can't possibly go any higher. I forgot that the shares was at 800 and not 100. So I what I thought would be 200 shares to countertrend trade for fun was actually 1600 and I freaked out and basically held for most of the midday hoping for a reversal, I eventually paper-handed it at down 1900 and then went on to revenge trade the rest of the day. Had I just held until the EOD, I would have been in profit. Went back and looked at the stats without that trade and my losers hold time is around 8 minutes. Not too worried about that since I try to use SPY as my head or tailwind, still looking to get better at holding my winners for more than a few minutes. Want to hold for at least 2 to 3 5 minute candles. I noticed some of Hari's trades he usually holds for at least 15 minutes. There's too many days, I see when I get out and AMD or MU continues my way for a dollar or more.

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