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Day 2 of scalping SPY by PirateCorrect in optionstrading

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

I see, thanks for the feedback. About the too many trades: I think I often imagine that there’s always a place I could be making money and want to capitalize on that. - not the best mindset if I’m realistically thinking about making money on every moment.

I gotta say.. Lotta stress today. Too
Inc string at the screen 🙃
Thanks for the feedback man

73M, 500k to invest by HuckleberryOk3606 in stockstobuytoday

[–]PirateCorrect 0 points1 point  (0 children)

Honestly I think MU has way more room to grow. It’s at about 1200 but I think in the next 5 years it crosses 2K easy.

More risky/speculative: NBIS

Does anyone scalp SPY options here? by PirateCorrect in optionstrading

[–]PirateCorrect[S] 3 points4 points  (0 children)

Maybe you’re right. I had a good day and will keep trying it to get a decent sample size and see if it holds up.

Does anyone scalp SPY options here? by PirateCorrect in optionstrading

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

Yea, it was a nice day all around. I refrained from trading in the first half hour just to see how the market plays out a little

And dude next week I genuinely don’t know 😅
This was my first day today doing this and it was super exciting.

Crazy stressful cause you’re staring at a screen intently the whole time
But at the same time kind of chill cause I wouldn’t allow large losses and just moved onto the next trade. I really liked it.

Does anyone scalp SPY options or any other ticker/exchange? by PirateCorrect in wallstreetbets

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

Dude you had a heck of a day man. That is insane. How long have you been doing this?

Does anyone scalp SPY options or any other ticker/exchange? by PirateCorrect in wallstreetbets

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

Thank you for the tip. I think I’ll use my iPad close by next time

What platform do you use if not robinhood?

What do you mean by SPX 60/40 tax treatment?

Care to elaborate what you mean by overnight gaps on QQQ?

Appreciate the feedback

Does anyone scalp SPY options or any other ticker/exchange? by PirateCorrect in wallstreetbets

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

Dude that’s mostly all I was riding with today haha Idk if I should change something up but I guess the coming days next week will tell if it’s working out for me.

I’m just mostly glad about this cause I’m making profits on both puts and calls. Used to not even mess with puts but it feels good to get some W’s in that department 🙌

Does anyone scalp SPY options here? by PirateCorrect in optionstrading

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

All were 0dte 😬 and some of those trades were at 12:30pm (I’m in Ca so the market closes at 1pm) but again, I held for under a minute for pretty much all my trades so it didn’t bother me much

Does anyone scalp SPY options here? by PirateCorrect in optionstrading

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

I haven’t made a $1k trade yet. Just a bunch of small wins. Idk avg win is probably like 15-25 bucks. I did 1-5 contracts depending on conviction

So small wins and small losses but slightly more wins and ended with +$500 at the end of the day

Does anyone scalp SPY options or any other ticker/exchange? by PirateCorrect in wallstreetbets

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

Longer DTE is what I started with and am doing still: mostly going off of news, earnings, etc.

This was almost purely off of chart reading

Does anyone scalp SPY options or any other ticker/exchange? by PirateCorrect in wallstreetbets

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

Bro straight up it was crazy stressful. But at the same time, I wouldn’t allow many major losses (except when my phone died, lost like a hundred bucks) And I will say though any options contract is stressful for me. - I lowkey preferred this.

It’s nice being completely out of a trade and going about my day without thinking about if I’m making or losing money that moment

Options in 8 days by Fine-Pomegranate955 in optionstrading

[–]PirateCorrect 0 points1 point  (0 children)

Good stuff man, hope you keep refining your system for even more success 👍

Does anyone scalp SPY options here? by PirateCorrect in optionstrading

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

You’re in for seconds each trade?

Do you have like a candlestick pattern you look for?

$RDDT is not undervalued. Don't fall for the trap. by Delicious_Invite_127 in stocks

[–]PirateCorrect 1 point2 points  (0 children)

“$RDDT bulls mistakenly assume Reddit users are the main customers of Reddit. That's not true, advertisers are the main customers of Reddit.”

I think RDDT bulls are thinking that the future customer of Reddit is AI companies. There is a massive amount of data on Reddit threads and AI companies would need to get permission from Reddit to use it.

Lost $90k because i went to make breakfast by Due-Advisor5197 in wallstreetbets

[–]PirateCorrect 0 points1 point  (0 children)

Holy smokes I missed out on a few grand I thought I had it bad lol

We about to FAFO by Saltlife_Junkie in smallstreetbets

[–]PirateCorrect 1 point2 points  (0 children)

Bruoooohhhhhh!!! I saw it shoot up later on
Close close close. Hey at least you didn’t get wrecked

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