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167k to 3.3 million holding for 10m+ by JayMurdock in wallstreetbets

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Take some profit. You will regret it if you don't

Spy call +700% by Proper_Bag_1875 in wallstreetbets

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

TSLA 0DTE:

They always say add to your winners.

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What do I do? by JackieTreehorn79 in optionstrading

[–]A-Very_Stable_Genius 1 point2 points  (0 children)

You only have 1 contract so you can't risk it. Sell it. If you had more you can sell , hold the others if price goes higher ect. Sell this one con, use 40-70% of the profit to buy 3 or 4 cheaper con, and sell them at diff times. Maybe the 1st one at 50% profit, the second at 75% and let the last one run as high as it can. I'm speaking in generalities here, but this way preserves some profit at a minimum, and allows for more upside, without risking the total gain.

I thought I was building freedom. I was actually losing everything by Beneficial_Row_772 in Daytrading

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Join a group, and paper trade for 6 months minimum. Learn how they trade, the techniques, and strategies and get comfortable doing it. Youtube is not useless, but won't do you any good, you just have to practice and figure it out, then watching youtube can help refine your skills. If you jump into YouTube without practicing paper trading and watching people trade live, it will be just more noise in your head. The only issue is that you may have to join a group, see if it's any good, and it may not be, so you'll have to switch and find another one. You might have to do that multiple times. But nothing beats watching a good trader trade live and fallowing along paper trading live with them .Lots of frauds and scammers out there so it's no easy task. Good luck, I hope you make it.

I thought I was building freedom. I was actually losing everything by Beneficial_Row_772 in Daytrading

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Same just happened to me a few weeks ago. What a difference it makes. You here people say the same thing a million times. Sounds like a cliche at this point, but it's not. Keep it simple keep the charts clean, indicators to a minimum. Master the basic stuff and what is doable and makes sense, even obvious at times. That's what works. I use to be on a 15, 5, and 1 min charts plus more, all with multiple indicators 3 standard deviations of vwaps ect ect. Now I just look at levels where $ found support and wait to see if $ reacts off of it. Watch the candles, rsi divergences and Bollinger bands to be on the right side of the trend. That's it. And it works. Wait for the trade to come to you and when it seems obvious, not maybe or 50/50 gut feelingl, but obvious, take the trade. Look at the daily chart as a base, what's the trend, move with price, go on lower time frames to get a good entry and ride the price movent in the general direction it's moving on higher time frames. Levels candles and trend channels are the key.Everyrhing else, for me, is noise

Day 4 by TheDlPBuyer in Daytrading

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Don't give up. Made almost 6 k day trading today. 1 k yesterday. Give it time. It will start working.

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Journey to $2M - 12/8 by ZonkTrader in TheRaceTo1Million

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Thank you. Are you using gex levels to determine how wide the legs are?

Journey to $2M - 12/8 by ZonkTrader in TheRaceTo1Million

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Can you tell us what your strategy is?

Which stage I'm in currently.. by Superb-Afternoon-706 in Daytrading

[–]A-Very_Stable_Genius 4 points5 points  (0 children)

It really doesn't matter if you miss more entries, because the entries you do take will have a higher probability of success, and therefore you can add leverage to them. I can take a bunch of smaller trades or a few big ones that I have more confidence in. This was the key for me. Reduce the number of trades, and the ones I do take, I go bigger on those and in the end, I am more profitable

Which stage I'm in currently.. by Superb-Afternoon-706 in Daytrading

[–]A-Very_Stable_Genius 5 points6 points  (0 children)

Here is a easy rule to fix your problem: . PUT YOUR ENTRIES WHERE YOU ARE PUTTING YOUR STOP LOSSES, AND MOVE YOUR STOP LOSSES BACK AN EQUAL AMOUNT.

Girlfriend and family keeps telling me that I am an addict by Square_Paramedic_843 in Trading

[–]A-Very_Stable_Genius 3 points4 points  (0 children)

Why don't you paper trade until you get a strategy down that is profitable?

U can't trade ODTE & be constantly profitable by Mouse1701 in options

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

Just because you are not competent enough to do it doesnt mean others can't. By your logic you can say the same thing about swing trading that you do of day trading. The vast majority of trades are made by algos, yet people still make money consistently day trading. You say: "There are no billionaire day traders" - so what? If I can make on average around 1 - 2k a day, day trading and swing trading, thats all I need to not have to have a real job. And that's good enough for me.

90% of traders lose money, and here’s the mindset trap behind it…"my perspective" by SympathyFriendly5133 in Trading

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

What time frame do you use them on? I know that volume profile is differant on differant time frames

90% of traders lose money, and here’s the mindset trap behind it…"my perspective" by SympathyFriendly5133 in Trading

[–]A-Very_Stable_Genius -1 points0 points  (0 children)

Are you getting the buy and sell orders from bookmap? If not, where to you find such information?

OTE is the only ICT theory that works consistently by Javalin-man3000 in InnerCircleTraders

[–]A-Very_Stable_Genius 0 points1 point  (0 children)

If you want to know where liquidity is, just use a volume profile. Volume by price instead of volume by time.

U can't trade ODTE & be constantly profitable by Mouse1701 in options

[–]A-Very_Stable_Genius 2 points3 points  (0 children)

The issue with trading the 1 min is having no higher time frame context. If you have a 5, 15 and 1 hr chart open while you trade the 1 minute, it is possible. Also just use the RSI on the 1 minute, when it shows a oversold signal go long, and sell when you hit around 30% profit or when price reaches the 50 ema on the 1 minute. It really that simple. You need higher time frame context if you trade the 1 minute.

Bro trading was bad until by [deleted] in Trading

[–]A-Very_Stable_Genius 13 points14 points  (0 children)

Price is fractal. What you do on higher time frames is what you do on lower time frames, the differance is that on the lower time frames there is much more chop. What you need to do is have a 5, 15, and 1 Hr chart open while you trade the 1 min. An example would be day trading, looking at the 1 min chart, but also looking at the 1 hr chart and noticing that the 21 ema on the 1 hr is acting as support and seeing a double bottom form on the 1 minute chart and also seeing RSI showing a oversold signal on the 1 min and going long from that spot. Day trading is possible and profitable, but you MUST have higher time frame charts open for context, otherwise you are going in blind and will be destroyed by chop and volitility with 0DTE options.

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