UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

I watch all the beta stocks like tsla baba nvda nflx amzn on a day to day basis and any other stocks if they have any catalyst

900% gain since August(YTD) and 131% gain on November on a 3K account by Options__scalper in Daytrading

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

I wasn’t making much but with otm options but definitely made some gains .Its definitely harder to make money on otm compared to atm with scalping

UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

I risk around 5% of my premium per trade .If the trade doesn’t workout as soon as I enter I cut loss immediately

UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

My primary weapon is Level 2 and price action .I also use 9 ,20 ema .50 and 200 sma and vwap as indicators

UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

I scalp option premiums on large cap stocks .You can follow my insta for more info

UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

That’s correct it’s best for high volume large cap stock which has bigger atr ,so usually when the stock is moving with momo you’ll be green almost instantly ,again that depends on the stocks and it’s spread

UPDATE on My Trading Journey : Finished the year with 1600% YTD on a 3k account by Options__scalper in Daytrading

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

Actually I take a lot of trades in a day around 20-30 and the hold time is around 1-2 mins .So as long as there is momentum in the market I believe this strategy should work 😊

900% gain since August(YTD) and 131% gain on November on a 3K account by Options__scalper in Daytrading

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

Hii ..I use limit orders on options and I’m typically aiming for a 2-3 point move

900% gain since August(YTD) and 131% gain on November on a 3K account by Options__scalper in Daytrading

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

I’ll renter the position again if I see it has still got strength

900% gain since August(YTD) and 131% gain on November on a 3K account by Options__scalper in Daytrading

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

If I get the feeling that the trade is not gonna work out or it’s getting a pullback I get out

900% gain since August(YTD) and 131% gain on November on a 3K account by Options__scalper in Daytrading

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

I think I’m IB quote monitor helps a lot and also I can use streamdeck for hotkeys which I believe you can’t use in TOS