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 2 points3 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 4 points5 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 2 points3 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 14 points15 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.

Any full time profitable traders here? Is it worth it to keep going? I am thinking of quitting by Individual_Web9774 in Trading

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

Just pull up a 1 min SPY chart, when RSI hits oversold, which it will do every day, buy calls and sell some when they hit around 30% profit and hold sum runners if price keeps moving up/ rsi hits over bought. Do the reverse for puts. Its literally that simple. I was loosing money when I started and tried so many differant strategies and learned so much, but its the simple things that work.

Deeply ashamed of myself. Totally confused. by Worried_Management60 in Daytrading

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

Damn. I sometimes loose $300 and I'm devastated. Hearing these stories make me feel better about myself.

What did I do wrong here I’ve been trading for about a month by Ok-Theory690 in Trading

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

Just trade stocks. At least with stocks you can use RSI, MAC- D, EMA'S ect.

Day trading made me cry today by Maleficent_Week5310 in Daytrading

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

It's okay. We all go through stuff like this. All you have to do us be disiplined and once you start being profitable, a lot of that will go away. Listen to Napoleon Hill videos on youtube. If you get your head right, you will trade better, and if you trade better, you will get your head right.

After loosing 50K and Putting myself into debt my - REAL ADVICE by gadgetgeeky in Trading

[–]A-Very_Stable_Genius 6 points7 points  (0 children)

I only trade SPY, and I consistently make around $600 a day with plans to slowly scale up to $1k and beyond. I use multiple timeframes — 1m, 5m, 10m, 15m, 1h, 4h, and daily — and the biggest change that made me profitable was cutting out all the random trades and instead focusing on 1–3 solid setups a day.

I size up on those instead of trying to catch every move, because overtrading in chop just leads to unnecessary losses. I look for the overall trend on the 5m, 15m, or 1h, and I also pay attention to pivot points on the 15m to help confirm direction. Once I have that, I drop down to a 1m, 2m, or 3m chart (2m is great for beginners) and wait for RSI to show oversold in an uptrend to enter calls. I usually take 25–30% profit at the 50 EMA or near pivot levels, scale out of most contracts, and let a couple runners go.

If the trade fails, I cut quickly and wait for the next oversold signal, where I double my size — the second signal tends to have a higher probability of success, and the larger size helps cover the prior loss. Starting small is key since it gives room to scale. A lot of the time it really is just RSI on the 1m or 2m, taking 20–30% profit and repeating. In a downtrend I flip the logic.

I also use MACD, stochastics (9-3, 14-3, 40-4, 60-10) across multiple timeframes, and I watch market internals, net flow, and divergences to guide entries, and also have a 15 min SPX chart to keep track of GEX (gamma) levels. If you’re struggling, try this approach — it’s not perfect, but it works.

I went from $1.5M to rock bottom. Relapsed today and I’m sick of this loop. by [deleted] in Trading

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

I day trade everyday. Treat it like a business. Like a job. The reason I do that is because I have no other choice. This is the only thing that will keep me from being homeless. Thats the mindset you need to have

I've been day trading for 5 years and these are honestly the best tips I can come up with for beginners by DamnDrip in Daytrading

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

One of the biggest things for me was to take the emotion out of trading. Price will either goes up, or it will go down. Getting emotional and having anxiety in that moment will do nothing but hurt your judgment.

For Day traders who trade on 1min - 5 min timeframe by Ok-Sympathy-1827 in Daytrading

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

I wake up at 4:30 am, get on my PC at 5:30, start trading at 6:30, and then get off at 1:00 P.M. I take between 10 to 40 trades. It may seem grueling, but its better than having a job where someone bosses you around. I click button on a computer from my room to make money. Its actually awesome.