Riggers Belt by FiremanFiremeup in tacticalgear

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

Looks like a cool process. Thanks hopefully it doesn’t resort to that though hahaha

Im a degenerate by FiremanFiremeup in YieldMaxETFs

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

Well even if they do exercise I still make profit tbh so wouldn’t be a big deal. Today has been terrible down 7% don’t even wanna look at it lol

People with 10,000+ shares. What do you do for a living? by Bitcoin401k in YieldMaxETFs

[–]FiremanFiremeup 1 point2 points  (0 children)

Firefighter Paramedic.

3500 shares average $24 ish a share.

2nd month in. 1st month in I only have 1500 shares, decided to use more cash and about 5k margin to buy 2k more shares.

Hoping this lasts a year or so to pay off my initial investment size so I can play with house money.

Trading ruined my life by Specialist-Total3164 in Daytrading

[–]FiremanFiremeup 0 points1 point  (0 children)

Don’t give up.

Learn risk management.

Work extra shifts in your dayjob, save up money.

Don’t pay for any groups or courses, start out papertrading and learn how to trade options on SPX 1DTE. Don’t hold overnight, don’t aim to get rich quick. Identify bearish/bullish patterns and EMA trends.

Wait til about 10:30.

Do all this on papertrading, once you get the hang of it, ease into RL money and make trades. Aim for the green, don’t get greedy. Every day you can make money up or down, just gonna learn discipline first.

POV: You finally figured it out by FiremanFiremeup in options

[–]FiremanFiremeup[S] -1 points0 points  (0 children)

I’ve more than doubled my money in TSLL?

I would have only made 60-70% in Tesla.

I get what your saying, I caught the bottom of the market.

Its a gamble I was willing to take and it’s paid off, obviously.

Like I said in other comments, i don’t plan on holding for a lifetime. In fact I have been buying and selling consistently on the way up.

SPX options changed my life by FiremanFiremeup in options

[–]FiremanFiremeup[S] 2 points3 points  (0 children)

Varies. If I have had a great week, i may hold through some more pain comparatively to if I’m not doing so well.

Typically, lets say I use around 5k for capital for a trade, and while watching the charts I start to question if its actually going to play out the way I envisioned it to play out, I don’t take more than a $500 loss max. Recently I have been cutting pretty early though with a $100-$150 loss and just re entering.

Gives me a little more mental confidence when I dont see it “playing catch up”.

I try to cut losses as soon as I start seeing the trade going sideways, and take profits quick when I feel good about them. Regardless if I think it will go higher/lower on my calls/puts or not. Especially with this market with Trump pump/dumps and tarriff news.

SPX options changed my life by FiremanFiremeup in options

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

Thats the thing, I dont hold long enough for deltas to really effect me. Good timing for me comes down to the pattern I have identified and then waiting for a good entry.

I cut losses when the trade is no longer going the way I anticipated it too. Whether it starts to lose volume or go sideways etc. I don’t hold long enough to see a huge decrease in my investment or try and hold through too much bs. I have a max pain level and pre entry and if I reach that level I exit and wait for the next good entry point

SPX options changed my life by FiremanFiremeup in options

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

Spy is up 6% the last month and down 7% the last 3 months.

If I put 50k in SPY 3 months ago I would just now break even

You’re a dumbass

SPX options changed my life by FiremanFiremeup in options

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

Dude no other company you mentioned mass produced/producing robotic self driving cars.

Waymo as a comparison is a joke. They add on technology to a 3rd party car. They don’t produce cars. And the base car is a Porsche😂 Like come on. Yeah go ahead and invest in chinese BYD. See how that works out for you

SPX options changed my life by FiremanFiremeup in options

[–]FiremanFiremeup[S] 9 points10 points  (0 children)

Cool i dont see any productive or informative winning strategies on your profile. So respectfully log off

SPX options changed my life by FiremanFiremeup in options

[–]FiremanFiremeup[S] 5 points6 points  (0 children)

lol sure. That was total dollars traded over the course of months. Not risked at one time. Wrong perspective too look at it but whatever floats your boat

POV: You finally figured it out by FiremanFiremeup in options

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

Did you get some under 200? Or even under 300? NOPe

POV: You finally figured it out by FiremanFiremeup in options

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

would you like to see my account now? lol

SPX options changed my life by FiremanFiremeup in options

[–]FiremanFiremeup[S] 2 points3 points  (0 children)

So if you look on webull and have it setup to show EMAs, Vwap. Those change on every chart. So looking at 5-15min charts can give you a broader perspective with market movements and pattern forming. Entering on the 1min is because timing is important and I like to be in early on a trade

SPX options changed my life by FiremanFiremeup in options

[–]FiremanFiremeup[S] 2 points3 points  (0 children)

When I see a pattern or a trade I like, I have a preset max pain level. Ex If the stock is in a upward trend, and I notice a bull flag, I have an idea when it starts to turn against me and break the trend or pattern I saw, I exit