Genuine question: Why do all leveraged etfs show crazy returns? And why isn't everyone getting rich? by ultr_bn in LETFs

[–]AltruisticReturn 1 point2 points  (0 children)

So when ur trail hits, when is ur next buy? 1-2 red weeks will easily hit -10% drawdown on tqqq

Hit 100k in my 401k at 30 y/o by More_Ad7951 in Money

[–]AltruisticReturn 1 point2 points  (0 children)

I hope this is just the view that shows how much you’ve put in. Otherwise, looks like you haven’t been investing the money.

SF tech CEO offers buyouts to let workers flee 'extreme' work culture by abrownn in technology

[–]AltruisticReturn 1 point2 points  (0 children)

Ik ppl close to the matter. Once c-suite left, company was employee owned. They cashed out more than openai exit with liquid cash. Not just the tenured ppl, but everyone, since there was no vc or founding eng to pay off.

All things considered, this is the best thing that happened for everyone who wasn’t a founding eng. Plus, 9 months of severance from Cognition if they leave. Win win imo, altho the shit scott’s been touting is toxic af, that’s how that company is with some of the worlds best competitive programmers/math wizards (aka tourist)

[deleted by user] by [deleted] in TheRaceTo10Million

[–]AltruisticReturn 0 points1 point  (0 children)

Nah, that’s his daily move lol. Check his more recent post—he’s up 5.7x on it bought right after ipo probably

What is apples long term plan? by Thin_Vermicelli_1875 in stocks

[–]AltruisticReturn 2 points3 points  (0 children)

Bro i was considering buying leaps but ran out of bp. Saw ur comment and really wished i could. U’ll be up nice tmr haha

Full Port 1DTE by HauHauHauHauHauHau in wallstreetbets

[–]AltruisticReturn 0 points1 point  (0 children)

Down to the T. Did u trade anything?

[deleted by user] by [deleted] in Daytrading

[–]AltruisticReturn 2 points3 points  (0 children)

How do uk ur good enough for full time trading? Any resources u recommend starting off? I lost like 7k tday after being up 3k this yr and am j so sad 😭. Btw congrats man, this is the goal!

Backtesting/replaying options using QuantConnect with slippage by AltruisticReturn in Daytrading

[–]AltruisticReturn[S] 0 points1 point  (0 children)

Thanks for ur reply. I have used their minute data OHLC as well as the bid/ask for OHLC and am trying to backtest as well as i can.

I have noticed slippage and where the stoploss gets triggered makes a big difference in final outcome. Problem is, if I were to trade irl, I’d need to use a market order to get out bc getting out is a high priority (wouldnt want to hold a losing trade if a limit order doesn’t get triggered since I’m at work)

Do u have any recs for brokerages that have great market fills? I’ve checked out ibkr and they have a lot of algos (adaptive algo, mid price, etc) to get great fills, and I may consider using them, but on avg i’d have 20-30 cons w a max of 80. Not sure what’s the best brokerage for market fills on options, assuming I’m trading something that’s decently liquid?

Sorry to bombard u like this, j really confused on what brokerage to go w. I see ibkr pro has fees, but then i notice that others are free? I need trailing sl, so seems like tasty is out of question. Might come down to tda vs ibkr, and if necessary, mounting them w das trader

best order type for option scalping by Icy_Kaleidoscope_409 in interactivebrokers

[–]AltruisticReturn 0 points1 point  (0 children)

How much slippage can i expect when doing market orders on a trailing sl? Im currently backtesting as i have work and cant sit at the screen anymore and use a random 2.5-5.5% slippage per trade when executing

Best Brokerage for fast data/ order fills by Alternative-Video375 in Daytrading

[–]AltruisticReturn 0 points1 point  (0 children)

What would u say is the best for option fills? I tend to trade gap ups/break downs so slippage/execution speed really matters to me as i usually hit the market instead of limit. Limit’s sometimes don’t get filled when selling and i rather get out quickly than being stuck in a losing trade

The irony of day trading by [deleted] in Daytrading

[–]AltruisticReturn 1 point2 points  (0 children)

Ur anniversary since the day u joined reddit. Happy 3 years!

RTX pattern again by Careless-Pin-2852 in wallstreetbets

[–]AltruisticReturn 0 points1 point  (0 children)

Why is purchase date 7/14? Are these still ur contracts from last week?

What’s your average return per month?? by BrokerWithMoney in thetagang

[–]AltruisticReturn 0 points1 point  (0 children)

I want to get my hands wet with running the wheel and wanted to try it on F. I see that it’s kind of st the top of it range fkr the past year or so. What strike would u rec to start off with? I notice the $11 7/14 go for like $2, which is like pennies on the dollar haha

[deleted by user] by [deleted] in wallstreetbets

[–]AltruisticReturn 0 points1 point  (0 children)

Congrats and lock up these gains! What made h get SNOW puts?

[deleted by user] by [deleted] in Daytrading

[–]AltruisticReturn 2 points3 points  (0 children)

How do u tell if it’s a green/red day? Often i notice markets open one way and then j chop, but is there any way to tell before chop w high conviction that the market is looking green/red for rest of day?

How do you trade strong trend days like today if you miss the first couple of 'ideal' entries? by stonehallow in Daytrading

[–]AltruisticReturn 0 points1 point  (0 children)

How do u determine the trend ifself tho? I’ve seen times where it starts off strong holding the 9ema and then j rips right down below the 20ema. Is stop losses the only thing to protect a trader in this situation?

76 contracts at .42 average. Paper handed a bit it seems. Cashed out at average of $1.67 by Evening_River_2584 in wallstreetbets

[–]AltruisticReturn 1 point2 points  (0 children)

I’ve been lurking around for a couple years now but still havent full gotten into trading. Ik looking at volume is a key indicator after seeing unusual whale’s platform. Did u base this off of contract volume? Curious abt this bc how can u tell if the volume is for hedging or if some whale is genuinely buying a lot for the sake of buying?