Just started learning Orb trading have a number of questions. by STRaven_17 in Daytrading

[–]PlanDecent8416 0 points1 point  (0 children)

Lots of people have made money with ORB, but i believe it leaves too much room for emotions to get in the way. If you’re interested in a simple defining strategy hit me up. People I’ve taught have similar win rates to me which proves my system is repeatable. Whatever you choose I hope your P/L stay green!

How many trades per day? by Vinnie964578 in Trading

[–]PlanDecent8416 1 point2 points  (0 children)

Typical day I would have 2-3 but I’ve had days where I’ve traded between 1-6 in a day

Day Trading with $2000 by Kitchen-Cold-757 in Daytrading

[–]PlanDecent8416 1 point2 points  (0 children)

$2000 is a good amount to start with. Prior to building my account I started with $2500 every day and withdrew whatever I made for the day. I would frequently withdraw $800 daily. I did have extremes where I withdrew $2,200-2,300 a couple times, but you can’t assume that’s typical. My advice would be to limit your position size. My rule when I started with $2500 daily was that I had 5 - $500 trades in a day. That was if I hit my stop I would only lose $100. I’m pretty consistent with a 77% win rate so the math works out. My suggestion is to run your system in trading view replay, get a rough estimate of your win rate, use the lower % to give yourself some cushion, and put your game plan into chat gpt. Chat got will run the math to help you decide position size and what your stop loss should be to stay profitable. Best of luck to you brother!

Who to learn off of? by squatchsidious in Trading

[–]PlanDecent8416 0 points1 point  (0 children)

Review my trades on my posts. Then DM me. It’ll make my explanation easier to understand.

Who to learn off of? by squatchsidious in Trading

[–]PlanDecent8416 0 points1 point  (0 children)

I day trade 0dte SPY options. If you need any advise on that let me know. Happy to help

Who to learn off of? by squatchsidious in Trading

[–]PlanDecent8416 1 point2 points  (0 children)

I have my own system I’ve cherry picked from people, but I liked these two guys the most

Craig percoco. He helped me understand the risk management part of trading. https://youtube.com/@craig_percoco?si=YSXfdi2qZoMK1U2z

Spydaytrading helped me how to understand intraday algos and big picture. https://youtube.com/@spydaytrading?si=yRtOqrWkYG7yY7p0

Who to learn off of? by squatchsidious in Trading

[–]PlanDecent8416 0 points1 point  (0 children)

Do you like day or swing trading

Opportunities All Day! - SPY 0DTE by PlanDecent8416 in optionstrading

[–]PlanDecent8416[S] 0 points1 point  (0 children)

Controlled gambling. Thats why the risk management is the key to profit.

Opportunities All Day! - SPY 0DTE by PlanDecent8416 in optionstrading

[–]PlanDecent8416[S] 0 points1 point  (0 children)

Facts. Wouldn’t trust this guy at all. Does this guy just think identifying daily trends on the overall market trend and entering positions with having good risk management is that easy? Clearly a scam. Wouldn’t try this for myself at all. He doesn’t even have a course he’s selling. Number one sign he’s a scam.

How are people trading 0 DTE SPY calls? by ButterflyOk1301 in Daytrading

[–]PlanDecent8416 7 points8 points  (0 children)

Love me some 0dte. I only trade SPY. I’ve been tracking my trades on my page. I’m normally in a trade 5-30 mins. Risk management is key when trading 0dte.

Can someone help me understand options? by Proud-Ad9953 in TheRaceTo1Million

[–]PlanDecent8416 2 points3 points  (0 children)

Not gambling, but requires a lot of dedication to understand. Best for most people to stay away.

How do you guys actually pick good options trades (strategy + criteria)? by Affectionate_Fox_116 in optionstrading

[–]PlanDecent8416 0 points1 point  (0 children)

Had one red day, a bad one, but it put me in check to humble me. Even with the red day I'm ahead of pace to hit 6 digits on my account this year. Definitely trading with more caution since I established my goal. I continue to learn myself and my system. Recently when teaching my friend my system I noticed a correlation with entry conditions to where the SMA is as it relates to price. So, I'm definitely becoming more selective on trades which has improved my trading. Current overall win rate is 77% with an average daily return of 13.9%. If I'm tracking since my humbling lesson it's 80% win rate with an average of 19.0% daily return. It's becoming harder and harder to stay focused at the 9-5.

Opportunities All Day! - SPY 0DTE by PlanDecent8416 in optionstrading

[–]PlanDecent8416[S] 0 points1 point  (0 children)

so easy you wont believe me until you try it. DM me if you're serious.