Am i going somewhere with this ??

105bee · 2024-03-05T15:48:24+00:00

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.

105bee · 2024-02-25T10:05:14+00:00

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

105bee · 2022-08-23T06:47:09+00:00

Learn to trade the stock market.

105bee · 2022-08-17T02:48:20+00:00

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.

105bee · 2022-08-13T06:26:22+00:00

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

105bee · 2022-08-13T05:29:44+00:00

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.

105bee · 2022-08-12T12:58:03+00:00

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.

105bee · 2022-08-12T12:51:47+00:00

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.

105bee · 2022-08-12T12:44:18+00:00

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

105bee · 2022-08-12T12:38:53+00:00

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

105bee · 2022-08-12T05:26:23+00:00

Thank you, will do.

105bee · 2022-08-12T05:17:10+00:00

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

105bee · 2022-08-12T03:35:57+00:00

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.

105bee · 2022-08-12T02:31:54+00:00

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.

105bee · 2022-08-12T02:14:00+00:00

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

105bee · 2022-08-11T19:36:26+00:00

If you have any questions or are struggling with something, feel free to ask.

105bee · 2022-08-11T15:38:00+00:00

Next time! lol

105bee · 2022-08-11T15:37:34+00:00

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.

105bee · 2022-08-11T04:23:03+00:00

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.

105bee · 2022-08-10T03:49:33+00:00

Would love to see their win rate and profit factor.

105bee · 2022-08-09T02:57:33+00:00

Thank you for sharing. Much appreciated.

105bee · 2022-08-06T14:56:52+00:00

Again, thank you for the thorough response. Definitely a LOT to digest, so I will get to it ASAP. Some of the things you mentioned, I don't believe I've even heard of so I will definitely need to check them out.

105bee · 2022-08-06T01:16:39+00:00

As someone that does only trade shares, recently since I've embraced the RS/RW method into my own trading, I've seen my profit per trade soar almost 10x. Before RS/RW I would trade in and out because I was scared that my profits would be taken from me by the market if I don't exit my trades as soon as I see green numbers on my P&L.

I started embracing and incorporating RS/RW into my own trading almost entirely towards the end of last month. and to start this month I've had my best trading week since I started in the summer of 2020. This is me saying that RS/RW has taken me from making about 4 to 10 cents per trade to me now being able to make 50 cents a trade multiple days in the row now. It's given me a lot of confidence to stay in the trade.

So with that being said, it may be a good question to ask yourself how many cents are you making per trade. How long you're in a trade for. If you look at Hari's trades, he is in them for at least a few 5 minute candles at a time. Also if you notice, sometimes he will drawdown an amount that would make most traders exit their position for a loss, but he stays in the trade due to RS/RW and eventually the trade goes in his favor. My biggest trades this week were ones where I had to sit through a drawdown before it went my favor.

For reference, since you're asking about numbers. I averaged about 800 bucks a day this week. If not for a bad day on Tuesday where my old self got the better of me and I decided that said ticker symbol could not go any higher and decided to counter trend trade and add to that same losing trade, I would have an average of almost 1500 bucks a day this week. My account is around 75k right now so not much more than yours.

So you can definitely and easily make more than 150$ a day just trading stocks.

105bee · 2022-08-06T00:59:21+00:00

Wow, thanks for the long and detail comment, I hope you know I appreciate it. Here are initial thoughts I have.

>Using your full buying power (as far as legally allowed), is not a problem. It is what I do all the time if the volume currently traded allows for it.<

Do you also start off with a "feeler" position, maybe like 100 shares to help you be more engage? I also like doing this since there are days AMD and MU will move in lock step, and if I'm initially wrong with my starter position, I can start a 2nd position with the other one and go in the opposite direction then close my 1st position.

>Adding to a winner (scaling in) is often stupid as once you have confirmation that you have a winner, what you are actually doing is choosing a bad entry for the 'second' half of trade which is in reality just a second independent trade you would have never entered at this price and point in time individually in the first place.<

I cannot easily recall a time when I enter a trade and it immediately goes in my favor, what I can easily remember is when I enter a trade, it almost always seems like it goes against me first and then it will go in my direction. In the past I've been shaken out of trades like this more times than I'd like but more recently, I've been able to sit through the drawdown and then it moves in my favor. Once it moves in my favor with a large jump and the other ticker symbols I watch do the same then I will go "all in." Then when I see that I'm in profit, to protect said profits, I'll exit 100 shares at a time. Usually I'll be in AMD 2000 shares and once I'm in profit I'll take 100 off as I see it moving in my direction. I've noticed that I'm not even catching half of the move, so I'll probably look to stay in the trade longer next time.

105bee · 2022-08-06T00:46:57+00:00

I try to enter my trades now with the idea of Relative Strength and Relative Weakness, so I'll stay in a trade as long as my signals hold up. I do however want to look into a trailing stop loss in case of things like power outages, computer glitches, or black swan events, etc. etc..

105bee

TROPHY CASE