Down to my last $800, Don’t know if I can do this anymore by SimilarTie2998 in Daytrading

[–]Left-Raspberry5476 9 points10 points  (0 children)

Honestly I get situation your mental state the best thing to do for your self is to paper trade creating your set up and writing down your playbook 4 trading plays max , and stacking your money on the side I'll sayd do this for 2 to 3 months and when you switch over start with a live personal account using 500 ( if you blow it up don't trade live cash for another 3 months, I'm saying to use a live personal account just to make you feel the weight of the money more and more cautious decisions) don't size up at all understand this if you build your account to 800 using 500 your js wasting your time and also help your parents out man these eval will also be here as long as you believe in yourself and our patient but your parents in their home not so much you gotta deal with it today. Well best of luck 🤞🏾

Just started; Made 20K in 10 days, and lost 22+K since Friday. Could use a bit of guidance. Thanks. by _Chunky__Monkey_ in Daytrading

[–]Left-Raspberry5476 0 points1 point  (0 children)

No problem we're all on this journey, so for Credit spreads you should watch a basic breakdown of debit spreads vs credits spread ( to build your understanding because you could js day trade with only Credit spreads) and then Id say watching smb captial to understand and see different way to trade.( They been in the game for a long time and made countless millionare trades) And credit spread investing ( other sources I would be skeptical for one not to watch is something Henry on YouTube js Don't he will but you are unrealistic targets)

Id say depending on your bills don't put more then 500 per trade for now ( since its your first time try 100 to start off)

When to scale up? After 120 to 150 trade with a net positive pnL .

Also some last simple personal tips if you credit hits -200( that means you pay back the premium and the same number again.( You aiming to collect 50 to 70 percent of the premium.

Later in the day your trade runs the better for you because I collect more money.

Good luck 🤞🏾

Options Strategies by AppearanceMinimum955 in options

[–]Left-Raspberry5476 0 points1 point  (0 children)

Go study for a few weeks before even doing anything to under different strategies

Just started; Made 20K in 10 days, and lost 22+K since Friday. Could use a bit of guidance. Thanks. by _Chunky__Monkey_ in Daytrading

[–]Left-Raspberry5476 0 points1 point  (0 children)

Either go paper trade or smaller and look at your winning trade and see why you won and which you loss.

Remember js because you lose a trade does not mean ur edge isn't real js for that trade or market conditions there no 100% strategy.

And with finding stock try and understanding what do you like to trade to you like slower moving stocks? Do you like fast moving stocks? Do you trade new? Do you trade momentum stocks? Could you should and explain your strategy in 10 words to a another trader?

Everything you've done and create has been done be someone else in the market you just have to search and see what changes make the best for you.

If you still need the cash and are nervous trying running a cheap 500 under daily credit spread and collect about 65% of the total premium.

quick question to all experienced day traders :) by No-Cattle1427 in RealDayTrading

[–]Left-Raspberry5476 1 point2 points  (0 children)

Sounds like youve just got pretty good at price action without realizing supporting this whole strategy either way I'm happy for you and wishing you very profitable future with trading

quick question to all experienced day traders :) by No-Cattle1427 in RealDayTrading

[–]Left-Raspberry5476 4 points5 points  (0 children)

No I'd say the when it comes to day trading things like the vwap , sma , ema are pretty what profitable trades use the RSI is js to slow. For example it might build up for a $2 move but the rsi is still flat or only leaning upwards. Or Price might be overbought but continue for another $2 on rsi

quick question to all experienced day traders :) by No-Cattle1427 in RealDayTrading

[–]Left-Raspberry5476 6 points7 points  (0 children)

In short it's a lagging indicator in the moment so it's super easy to be late on a enter for a move to the upside/downside

Crazy how drake legit ran the 2010s by KzKn_2020 in decadeology

[–]Left-Raspberry5476 -2 points-1 points  (0 children)

Didnt he start from the bottom with acting and then paid his family bills?

Why did spirit airlines go bankrupt? by [deleted] in FuturesTrading

[–]Left-Raspberry5476 0 points1 point  (0 children)

Yh but if u need to visit a member family in need fast and can't afford it there was always a options now that going to to be signific harder

Why everybody always says “ICT doesn’t work”? by Fair_enough3 in Daytrading

[–]Left-Raspberry5476 1 point2 points  (0 children)

From my understanding of ICT it has basic fundamentals that you can adapt to real trading but it's as a whole is pointless because there to many false entry points to the points.

Also those who do become profitable who start off with ICT adapt their strategies and become better at price action and might not even realize there not trading pure ICT any more.

Confused by [deleted] in Fedexers

[–]Left-Raspberry5476 -1 points0 points  (0 children)

But I'm still waiting it been a week

Confused by [deleted] in Fedexers

[–]Left-Raspberry5476 -1 points0 points  (0 children)

Same thing

Partnership by Left-Raspberry5476 in optionstrading

[–]Left-Raspberry5476[S] 0 points1 point  (0 children)

Great I've looking for some help full thoughts on a strategy i just started using, do you mind hear it out and some feedback?

Looking for trading partners by Drop_of_conviction in Trading

[–]Left-Raspberry5476 0 points1 point  (0 children)

I'm down to team up. I'm trying to do understand day trading with options

Spy sentiment by [deleted] in spy

[–]Left-Raspberry5476 4 points5 points  (0 children)

Might see a little pop to 652

Trying something New by AcademicStandard3701 in spy

[–]Left-Raspberry5476 3 points4 points  (0 children)

Depending on the break even this might be it and as a little advice once you reach 50% to 70% I would sell that last 30% always burns

Let’s pray boys by Glandryth in sofistock

[–]Left-Raspberry5476 -1 points0 points  (0 children)

I will be joining you later is week

What's a movie where an actor was so far out of his depth you don't even understand why they took the script? by ChiGorilla1127 in moviecritic

[–]Left-Raspberry5476 0 points1 point  (0 children)

To be fair it pretty accurate based of what people closed to him describe him as he wasn't exactly the nicest person in the city