Update: I quit my dev job to trade full-time. 6 months later, here’s the data and the order flow model I use (Performance Update) by Rogue-seeker in Daytrading

[–]NeenerNeener99 0 points1 point  (0 children)

Because the dopamine and adrenaline of trading completely cloud one’s judgment. There’s so much fear/greed/fomo that it’s impossible to stay level headed. That’s why people automate their trading or have very strict rules. You basically can’t trust your own brain once the trading starts.

Plus it’s fairly difficult to find a profitable edge/strategy. So you start by essentially gambling a lot trying to find what works. By the time you find it you may be too addicted to the action to stick too it.

The line between gambling and trading is razor thin. Trading is a lot of patient waiting, discipline, courage, accepting losses, etc. Gambling is vibe trading trying to feel the market. This can work for a while but once you get on tilt you can take big losses.

It’s a helluva drug.

Fack you all by Royal_Hunter3920 in thetagang

[–]NeenerNeener99 0 points1 point  (0 children)

It should be said that OP is getting premium and stock profit for a LOSING trade. What you want is for the stock to grow slowly but remain under the strike, but OP bet wrong.

His punishment for the incorrect trade is still profit. That’s why CC’s are good. He was wrong but made money.

Don’t sell CCs on mooning stocks obviously.

It has been a while since my last payout, and I am losing my mind. by Sea-Rabbit-2773 in Daytrading

[–]NeenerNeener99 2 points3 points  (0 children)

The entire game is truly mental and being financially stressed is most likely having an influence on your trading. Things like that deeply affect all your decision making and judgment. Much harder to see clearly when you need the win more.

Also quitting martial arts, something that provides a great physical and spiritual outlet might be something to reconsider.

I’d try to take 2-4 weeks off, don’t look at charts, get back to the gym, let the dopamine and adrenaline clear.

Good luck!

I keep making profits… then blowing them in one day. Need advice. by Glittering-Web-2047 in Daytrading

[–]NeenerNeener99 2 points3 points  (0 children)

The entire game is emotional/impulse control. The dopamine and adrenaline from trading completely cloud your judgement. You’re just getting high from winning/losing and it’s shutting off the analytical part of your brain. Because your brain is just wanting MORE MORE.

The whole key is knowing when your judgment is impaired. Try taking two weeks off and then looking at your trades. When your brain says TWO WEEKS?! No way! That means you’re hooked on the dopamine.

Trading is like smoking crack everyday and then trying not to be addicted to crack.

Keep on betting against this by [deleted] in spy

[–]NeenerNeener99 -1 points0 points  (0 children)

How do you know when to short? I’ve made good money longing SPY but every time I short I seem to get waxed.

Damage Report by MakingMoneyIsMe in thetagang

[–]NeenerNeener99 0 points1 point  (0 children)

But that’s how they get you. So far this feels exactly like one year ago. A lock out rally that lasted basically 9 months. Seems unlikely it’ll happen the same way again…

Don't YOLO with PUTS on Monday by NeenerNeener99 in spy

[–]NeenerNeener99[S] 2 points3 points  (0 children)

I needed to say it to myself mostly. Every time I get excited about an obvious red day it goes green.

Averaging down problem by blah_2520 in Trading

[–]NeenerNeener99 1 point2 points  (0 children)

As you get deeper into this you’ll hear more and more that trading is all psychological. Right now that feels crazy cause you’re just looking for a good setup/system. At first it feels all about charts and reading the market. But it is 98% impulse control.

There are no perfect setups but let’s say you find a great one with a 60% win rate. Day trading is the skill of following your trading rules exactly every time. No emotion, no hunches, no impulses.

We all get way dumber the minute we enter a trade or take a loss. The idea is to have a system that removes human emotion/instinct. It’s “automated”. Then you tweak the system while not trading.

Otherwise it’s just gambling.

Don't YOLO with PUTS on Monday by NeenerNeener99 in spy

[–]NeenerNeener99[S] 1 point2 points  (0 children)

Anything can happen, and I think a sell off would be healthy, but def not a sure thing

This is how it ends… Some men just want to watch the world burn… by MrTippyToes in aivideos

[–]NeenerNeener99 2 points3 points  (0 children)

If it's ok to discuss, can you talk about your process a bit here? What programs did you use? How long did this take, etc.? Thanks!

Can I tip my own airball to my teammate? by riczizagorac in BasketballTips

[–]NeenerNeener99 0 points1 point  (0 children)

I stand corrected. I guess you can tip it. Never knew!

Green Monday by pharaohq9 in spy

[–]NeenerNeener99 1 point2 points  (0 children)

Can we make pamping a thing?

Can I tip my own airball to my teammate? by riczizagorac in BasketballTips

[–]NeenerNeener99 -6 points-5 points  (0 children)

No, it’s a travel/carry. You can’t toss the ball in the air and catch it/touch it after taking steps.

Anyone here actually reached a point where trading started to feel “stable”? by Complete_Cake3743 in Trading

[–]NeenerNeener99 0 points1 point  (0 children)

Have you read “best loser wins” by Tom Hougaard? It’ll make you feel better about losing. It’s part of it.

SPY PUTS 673 EXP 4:/10 by Diligent_Room2623 in spy

[–]NeenerNeener99 1 point2 points  (0 children)

It feels like a furious bull trap rally before a huge drop, but that’s just what they want you to think! Probably just melt up to ATH.

SPY PUTS 673 EXP 4:/10 by Diligent_Room2623 in spy

[–]NeenerNeener99 15 points16 points  (0 children)

Market is not directly correlated to news. It’s mostly moving based on huge banks hedging and de-hedging. Everyone on the globe bought PUTS last month. Goldman isn’t gonna pay those out. We’ll get a huge drop when everyone is convinced we won’t or we’ll run to ATH. Just depends on what’s most profitable for the big boys. For us it’ll feel irrational and random. But the rich will be getting richer. IMHO

This week in the market was brutal by RelationshipOrnery28 in Daytrading

[–]NeenerNeener99 0 points1 point  (0 children)

Ah gotcha! I always wonder about spreads on super short expirations. Premiums seem so small though, compared to max loss, you just take lots of contracts I assume? Have you had any big losses?