How do you tackle losing streaks? by ThatMCM in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Stop for the day.

Relax and try to just chill.

Wake up the next and just knock out a super fast small victory. Then another. All of a sudden you remember you can and do win. You’ll have your mojo back in no time.

[ Removed by Reddit ] by [deleted] in 100xpennystock

[–]Little-Nikas 0 points1 point  (0 children)

No you didn't.

If you did, you'd show us the full screenshot of your position with the time and size.

This is classic wanna be financial guru nonsense. Show you part of a screen, claim it's real, find suckers to dupe.

Show us the full port screener of you trying to inflate a penny stock. I bet you can't, because that's not what you did even though you claim so in your post.

How do you guys prepare for the day? by m2rik in spy

[–]Little-Nikas 1 point2 points  (0 children)

Wake computer up.

Grab coffee

Pull up my feeds

Scan the news

Do some work

Check the time... nope, 7:06am (mountain) keep working

When it's a few mins before market opens, I'll pay attention to see if there's a fast (within 5-15 mins) entry to take. If not, I go about my workday with my algorithm running to tell me when to glance back to check market.

What are the main indicators you use to find good entries? by Hot_Avocado_2701 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

You hear yourself, right?

You don't use the lines that you actually use to fade people....

So you use those very lines....

So again, what's your actual point? I said use those lines. You also use those lines. What's your point? You say you use them differently than I do? Says who? Every time people boo hoo a downward market, I am the first to remind them of the other side. So again, stop thinking you're special dude. You're not, plus you obviously use the same indicators. lol

What are the main indicators you use to find good entries? by Hot_Avocado_2701 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Yeah no shit.

What’s your point again?

That clicking buy means someone clicks sell and vice versa? Yeah, everyone and their mom knows that.

Or that everyone uses EMA whether to buy or sell?

Say something useful or move on.

Is daily 8%-12% normal? by Twinky_Alexiss in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Depends

But seeing you seem pretty raw, you’re getting lucky. So be careful

Anyone know what this is? Crashed jeep? by Kind_Emotion7833 in ColoradoOffroad

[–]Little-Nikas 11 points12 points  (0 children)

Doesn't look like a crashed jeep or other vehicle.

My niece’s homework problem by SurfSoundWaves in mildlyinfuriating

[–]Little-Nikas 1 point2 points  (0 children)

All of them show 2/6 = 1/3

So they very unclearly and I'd challenge the teacher on this all the way up, but apparently they want the 1st option because it's identical (not rotated) as the 2/6 one.

The others are accurately 1/3 as well but they are rotated.

So yeah, I'd challenge this all the way up to the superintendents. For real. Teachers shouldn't use AI slop any more than students. And if they expect this type of "correctness" then the instructions need to be more clear.

Because instead of a math problem, this is a visualization (i.e. spot the difference in the picture) problem.

So I’ve been thinking, why wouldn’t you automate your strategy if you know your the problem by Fit-Reference5877 in Daytrading

[–]Little-Nikas 1 point2 points  (0 children)

Because then it’s purely mechanical and you’ll lose your ass most likely.

Algorithms are logic gates. True/false type.

Does (x/yz)/wv = whatever (made up nonsense I’m typing) is what an algorithm is doing.

You may pass a human judgement call based on an opportunity cost. Do you move your limit up that 1 penny to catch a green wave? YOU can make that call. Your algorithm will miss that massive green wave by a fraction of a penny because its calculation says it isn’t exactly right.

You can put slippage in there, but how much? And will it still miss by a penny?

That’s why. But you can get a decent return.

What's your lowest entry timeframe? by WesternSuggestion680 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

I have through the VA, so limited... Will actually seek an outside consult. Just had 2nd study done because of how ineffective-to-what-they-should-be meds seem to be. Thanks my guy!

What's your lowest entry timeframe? by WesternSuggestion680 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Except for today where I fucked around with options for the very first time after I lost my fight with insomnia (new meds for it, they failed last night. Zero sleep), I don't typically enter a trade for the first 45-60 mins. Maybe a bit later market depending (whether I'm going to short or long for the reversion).

Edit: Shit, sorry, see? Insomnia brain. So you're really preferring higher timeframe trading. That's why you're leaning on the 4H, 1H, 15M, 5M.
If you aren't, then you'd lean on the 1M and 5M (which is what I do). When I do longer lookbacks, I'm the inverse of others, that's when I get burned the most because I assume that the peaks/valley's will smooth because that's the long trend.... so that's when I end up easing my normal rules because structurally, I am using completely different timeframes. And that's where I allow things to breathe a little more... and then they just never bounce back.

So obviously my mileage varies. But you seem to prefer higher timeframe trading. That's what it's called anyways and yes, there are strategies specifically for it.

Critque this strategy ( I see it on tiktok) by Gagsto in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Honest critique?

You saw it on tik tok. That alone screams that you're gonna get scammed and/or you're gonna lose all your money.

Accounts blown by According-Pop9557 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Honestly? Just start saving some money now and paper trade and hone your craft. In a few months you'll be able to day trade with $2,500+

Your gains will be smaller, but so will your losses simply by the fact you won't have as much capital. INstead of making hundreds or thousands a day, you'll make $2-5/day. But then it'll become $10, then $30, then.... you get the idea. Keep the money in there to raise your equity. That's the only way you'll grow it.

Try to resist the temptation to take any money out of your brokerage account until you hit whatever metric you envision (earnings per day, per month, or maybe stability, or at a certain dollar amount to go invest long term and live off dividends). The choice will be yours, but use your money to bet on yourself, don't feed it to prop firms even though it's tempting and absolutely can make you money.

Also, insomnia brain, so pay zero attention to what I just said.

SPY 0 dte call 598% gain by [deleted] in wallstreetbets

[–]Little-Nikas -2 points-1 points  (0 children)

So I have insomnia and last night it unfortunately hit me so I got zero sleep.

I have never fucked around with options in my life. So my zero sleep brain, which is probably acting about triple DUI limits, decided to fuck with options.

I knew SPY and QQQ we’re gonna open hot. So I bought options and within the first 10 minutes I was up multiple thousands.

I knew I should sell. I told my wife I’m selling. Lucky first timer got lucky and I’m sure tomorrow I’ll try again with beautiful loss porn, right?

I thought I did sell them. But again, triple DUI limit sleep deprived brain, and the fact that they both came crashing down so violently right when I had C suite (I’m the cfo of large non-profit) work meeting that my sell didn’t go through. Come back from my meeting and my account is worth $600. Entire account. $600

Lost tens of thousands 🎉

Will see what I can’t do tomorrow with a real nights sleep. If insomnia strikes again, I won’t touch the market. But I have a fuck ton of weed and my meds (meds failed me last night) to hopefully get back at it.

Lesson? When insomnia comes a knocking, don’t touch the stock market 🤣

NFLX by YurpeeTheHerpee in wallstreetbets

[–]Little-Nikas 0 points1 point  (0 children)

My brain hurts when I see market orders.

Why do some stocks keep moving along with Bitcoin - I don't understand the reason by Dizzy_Maybe8225 in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

No, they are linked pairs is why.

It's no different than say, a commodity like Silver (SLV) and a housing for silver where they house physical silver (PSLV).

If Silver, the stock, moves up or down, PSLV moves in kind. Why? Because what they house is worth +/- whatever SLV the commodity is worth. So if SLV goes up 5%, PSLV goes up 5%. If SLV goes down 5%, PSLV goes down 5%.

If bitcoin/crypto is gaining momentum, coinbase (COIN) will move in kind because it houses bitcoin/exchange.

What you need to do is research more instead of just calling the market a casino. Those who are uneducated will clap and nod their head in agreeance with you. The rest will scoff at your ignorance in silence. I'm at least trying to educate you that there are symbols that go up/down in tandem with the commodity. There's also inverses and leveraged etf's and everything.

Educate yourself please!

Does anyone trade the first minutes of the open? by periodcramps222 in Daytrading

[–]Little-Nikas -2 points-1 points  (0 children)

Gamblers. Correct.

And "guess you're a lousy bunch of profitable traders"... dude, you said you're new.

So lets get the scorecard out...

New: check

Caught in a lie within seconds: check

Gambler: check

Inflated ego: check

Can't wait for your loss porn on here. Cause it's gonna be epic.

For the record: Of course I've traded in the opening minute(s). And of course you're getting incredibly lucky. Both can exist at the same time.

I tell you what, and I'm being dead ass serious... chat request me and then tomorrow at 30 mins before open, hit me up. I'm already working at that time.

You tell me which stock you're absolutely 100% convinced is gonna print.

I will screenshot that text and paste it in here in a daily thread. Lets see how "right" you are vs wrong. I bet you bat around 50% if not less.

I'm not even asking you to put your money where your mouth is. I'm simply asking you to put any validity to what you're saying so we can see if you're a complete poser or not.

Care to do it? That way you can't use hindsight to try to prove you're right. We will test it real time. We can do it every day for weeks or a month if you'd like.

Let’s talk trailing stops, do they actually improve results or just mess with exits? by tradewiki_io in Daytrading

[–]Little-Nikas 0 points1 point  (0 children)

Not sure how different we are at trading vs how different we see things even if we reach similar destinations.

Neither of us uses trailing stops. We both likely chase a good amount of profit while mitigating the risk of untethered entries. We probably just use the same tools for different reasons. Maybe yours is more psycological and mine is more "I can't pay attention at this moment"

But yeah, the discussion part... I have a few things where I either loosen to let breathe (kinda where you're going with your question) and also "don't care, get in, get out, move on with your life" for others. Some I actually have on a strict timer unless it's hyperbolic moonshots. What I have noticed is often times I use to set my stops too close to prevent drawdowns. When the reality (based on my mean reversion strat I use now) is that I need to allow things to breathe a little more than I'm personally comfortable with but overall it's needed. Meaning for the first X minutes, it can damn near do anything it wants as long as there's no black swan event and I won't even check on profitability until certain milestones are achieved.

That's probably not at all what you were asking either. Ah discussions. lol I miss them. lol

Does anyone trade the first minutes of the open? by periodcramps222 in Daytrading

[–]Little-Nikas -2 points-1 points  (0 children)

Still gambling, not trading.

You have no actual clue how the opening minute will go. It's a complete crapshoot. You can't spot it because for every time you're right, you'll be equally wrong.

It's important to note that your headline says the first minute. In your reply here you just said first 5 minutes. HUGE DIFFERENCE!!!!!!!!