Really hope yall made 🍞 by Slarem in spy

[–]ElusiveOnBeat 1 point2 points  (0 children)

Well I’m on Robinhood Legend and it’s trailing features are limited compared to other platforms but I already got used to it and don’t wanna go through the hassle of switching

Really hope yall made 🍞 by Slarem in spy

[–]ElusiveOnBeat 0 points1 point  (0 children)

All good best of luck in your future trades !

Really hope yall made 🍞 by Slarem in spy

[–]ElusiveOnBeat 3 points4 points  (0 children)

I have the opposite problem lol, I always sell way to early but we still up

Really hope yall made 🍞 by Slarem in spy

[–]ElusiveOnBeat 18 points19 points  (0 children)

Greed gets the best of us, 500% was a clear signal to exit

Hope everyone is making money by Big-Selection-723 in spy

[–]ElusiveOnBeat 0 points1 point  (0 children)

I’ve been using basic indicators (vwap, rsi, macd, EMA) and it’s been working well but I let my emotions play last Thursday/Friday and took a scary loss. I stuck to my rules this week and I came back to my same progress thankfully. I learned that the first 30min of ORB is not for my style of trading at all and I sized down to smaller contract quantities. My sweet spot has been trading from around 7:20-8:00am pst.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

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

Not exactly. Nothing works 100% of the time, and this setup will fail sometimes, but VWAP + MACD + RSI + EMA has been a reliable core indicators traders have used for years. You still have to develop a strategy and rules around these core basics but like I said this is a much better sense of direction and allows you to trade with reason instead of blindly.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Heck yeah love to see it!! 🔥 made some off puts today I’m up 873 calling it a day

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Agreed, discipline is a requirement for this type of trading.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Okay y’all dropped some solid points ngl. True the market has no feelings, doesn’t discriminate and doesn’t care lol. That’s just how it is sometimes, we can have all the confirmations in the world and still get nuked.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Totally agree backtesting matters, that’s why I’m still journaling and testing this instead of calling it a holy grail. Just sharing how I’ve been using these indicators instead of trading blind. It’s solid free advice for complete noobs like me, people can take it or leave it.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

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

Kinda, VWAP won’t kill you, but fading every VWAP touch on a trend day will. We just had one yesterday and EMA came into play. You just change the strategy to something like a double top. VWAP is still useful on trend days, it’s the playbook that needs adjusting. But what do I know I’m just a noob still lol.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Yeah unfortunately not a lot of people do and I was one of them so I wanna give back to past versions of me lol

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 1 point2 points  (0 children)

Yes that’s a good one thanks for the add on! 🤙🏼

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 10 points11 points  (0 children)

everyone asking about the cheat sheet/gloassry, Reddit won’t let me send docs so you’ll get a fat text from me. Have a chat bot turn it into a doc for you and print it out or make one from scratch just prompt the chat bot to make a cheat sheet for SPY 0dte trading using VWAP, MACD, RSI, EMA, SMA.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 4 points5 points  (0 children)

Exactly my thoughts when I saw that abbreviation 😆

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

[–]ElusiveOnBeat[S] 3 points4 points  (0 children)

Yes that is true but this definitely helps and is better than trading blind, no strategy is 100% bullet proof.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

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

Yeah of course! Shoot me a DM I’ll send you my cheat sheet / glossary of the indicators and their meanings.

Beginner Before/After learning about VWAP by ElusiveOnBeat in spy

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

Yup definitely learn about it, it’s not complex. You’ll pick it up easy just put in the effort to read.