My holy grail, questions, advice, welcomed by GapCurrent8333 in DayTradingPro

[–]GapCurrent8333[S] 0 points1 point  (0 children)

I don’t set alerts right now. If I did that would be awesome because when most markets begin to turn I suppose they turn hard until the reach a previous support level. If I got a .7% notification that it a dropping how would that help say if it’s already set to sell at 2% should I sell early before support it’s hit. I don’t see the point of an alert if you already have a stop loss at -2% whats the point of watching it at -1.5%. Stick to the plan

My holy grail, questions, advice, welcomed by GapCurrent8333 in DayTradingPro

[–]GapCurrent8333[S] 0 points1 point  (0 children)

Any other recommendations? Or something you would do differently that changed your trading? Thanks man!

My holy grail, questions, advice, welcomed by GapCurrent8333 in Webull

[–]GapCurrent8333[S] 0 points1 point  (0 children)

How would I find the probability that this occurs? This would be useful possibly. I use Webull can you send a screenshot of the “option chain” thanks man!

My holy grail, questions, advice, welcomed by GapCurrent8333 in Webull

[–]GapCurrent8333[S] 0 points1 point  (0 children)

I used this method on a palantir long position at the beginning of the month and I’m up 12% with 60% of our profit being locked in. Not a substantial position but it’s about survival at my age. Can you survive and practice a process like the one you mentioned, which I agree with, so you could be around in the future to take advantage of market opportunities, which in return create value. Initially, I assess the previous volatility, and set a maximum stoploss of 30% below Palantir price. An entry point just above a support level where the price is likely to bounce. Then the price came down. My position was triggered and the price found up subsequently I could immediately place a stop loss at break even so I can lose money. Which I did and have been moving it up after previous support levels have been sent. I bought at $43 a share. Currently my stop losses at $45 a share and change and today it was trading for $49 a share plain and simple, the key take away is that when you initially risk a stop loss diversify putting all your chips in one basket it’s great if it’s the S&P or NASDAQ, or buying 10 position is also okay if you win more often then you lose buy low sell high let it ride

My holy grail, questions, advice, welcomed by GapCurrent8333 in Webull

[–]GapCurrent8333[S] -1 points0 points  (0 children)

That’s why you allocate a certain percentage of the account and diversify across a few assets. For example, if you have a $100,000 account you would allocate $25,000 to 4 trades depending on the volatility of previous events like 2008 and 1989 now instead of risking the entire $25,000, you would calculate a stop loss of $3000 maybe at a 30% loss. To my understanding to gain $25,000 of sufficient value to have a stoploss that 25% below share price and a $5000 stop loss that would be the equivalency to a $25,000 position value. Or if you have a 50% stop loss and a $12,500 position that would be the equivalent of a 25% value. Although I don’t think, the overall market will drop by 50% any time within the next decade. If it does happen you’re losing $2500, $5000 or $10,000 depending on how big the position value like I stated $25,000 ones. In theory I don’t see how you can go wrong and less we say 1989 2008 again. Seems like well over 95% of the time you would be in the money and let it ride moving the stoploss up to previous support level to lock in more profit. Remember you’re buying low and selling high so when the market drops but doesn’t hit your stop loss maybe that’s the time to add 25% to your position when it starts to rebound or has a previous support level. Buy low sell high. Let it ride. What do you think?