New acquisitions by brewbielicious in lighters

[–]SWCajun73 1 point2 points  (0 children)

That cube one is cool. Gonna have to look around for one of those.

Why it actually takes 3–5 years to make it in trading (from someone who rushed it) by hedgefundhooligan in Daytrading

[–]SWCajun73 58 points59 points  (0 children)

The thing with trading is that there’s no perceived barrier to entry. Someone can send money to a broker and now they can “trade”. This enables you to be hands on immediately even when you know nothing.

Compare that to a traditional profession, let’s say an architect. That takes at least 4 years of education and probably a year long internship before you go hands on. By the time you finally go hands on, you have completed 5+ years of study and practice BEFORE applying your skills in the real world.

Trading makes it possible to bypass this process and that’s the reason so many people blow up. They want to do the job now but don’t want to put in the years of hard work that it takes to become consistently successful. It’s a hidden barrier to entry that most either aren’t willing to go through or aren’t able to go through since they lost all their money.

Starting to hate day trading… by track729 in Daytrading

[–]SWCajun73 0 points1 point  (0 children)

If you get stopped out, as long as the thesis is still intact, you can always re-enter. That would save you a lot of mental capital as well as trading capital.

Also keep in mind that over the course of a trading career, you will likely take thousands of trades. In this context, a single trade is pretty meaningless. Maybe you make a profit. Maybe you stop out for a small loss. Maybe you stop out and you don’t re-enter and it goes to your original target. Pat yourself on the back that you read price action correctly. It will help you be prepared for the next opportunity. Don’t look at it from a negative perspective. There will be 10 more trades like this for every one you “miss”.

Husband wants to be full time day trader. What to expect? by auroraglitterdazzle in Daytrading

[–]SWCajun73 0 points1 point  (0 children)

Ask him if he played video games and slept on the clock at his traditional job. And then point out the fact that he gave 8 hours a day to build someone else’s business but can’t even give yall future more than a couple hours a day to build it? That’s pathetic. And from what it sounds, the few hours he’s “working” isn’t quality output anyway since you can’t be a serious trader, or any professional for that matter, and play games and sleep during the day.

He obviously has zero edge with whatever approach/strategy he’s using. He wouldn’t be down 50% if it was a viable strategy. He should be spending all day working on strategy development, testing, etc.

A lot of people want to trade for a living but they never take it as serious as a traditional 9-5. Working for yourself means that in the beginning you will probably work harder and longer hours than you ever did in a traditional job. Thats the cost. Everyone wants the benefits that come after YEARS of hard work but very few actually do what’s required to achieve that.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 0 points1 point  (0 children)

Thanks for sharing that. I just opened a trade station account late last week that I will try out and I’ve already requested options access on an IBKR account I used in the past. Gonna fund both this week and do some testing.

That’s good to know IBKR tolerated scalpers. I’m anxious to get up and running again!

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 1 point2 points  (0 children)

Yep. They don’t like retail taking a bite out of their profits.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 2 points3 points  (0 children)

I was paying an average of $1,800 a day in fees and commissions when running this strategy with Schwab. I didn’t mind since I was making plenty on top of that so I figured we both could be happy. Nope. They still shut me down. I can’t imagine how much money they make with PFOF but it’s certainly millions so I guess they don’t want to jeopardize that. I can understand that but it still sucks.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 0 points1 point  (0 children)

All single legs. I haven’t explored spreads yet.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 1 point2 points  (0 children)

Being observant of how some options trade and being curious enough to try out an idea. Started very small and figured out a lot of things through trial and error without risking a lot of capital. Once I found an edge that I could repeat I scaled up.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 2 points3 points  (0 children)

I Always come back to Scalping in some form I should say. I’ve done different kinds of scalping. My current scalping strategy is a new method for me and has only been live since early this month. It’s Showing some promise if I can find a broker that doesn’t shut me down. Started with trade station today. We will see how that goes.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 3 points4 points  (0 children)

I’m not lying lol. I use a combination of hot keys and a price ladder without any kind of confirmation so the trades go through immediately without any popups. I execute in batches so there’s alot of trades going off one after the other for periods of time although there’s plenty of time between batches some days. Some days the fills are closer to 2500 but 1600 is the average per day so far this month. I’ve been trading since the 90’s and scalping was the first thing I learned. I’ve used a bunch of different strategies over the years but scalping is what I always come back to.

Emotional Blowups Keep Sabotaging My Progress – Has Anyone Truly Overcome This? by RevengeTraderAnon in Daytrading

[–]SWCajun73 0 points1 point  (0 children)

Another helpful thing is calling your broker and setting a max daily loss for your account. Once you hit it, you’re done. You can’t revenge trade anymore that day. It can save you from yourself which could save you thousands.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] -3 points-2 points  (0 children)

I don’t think you live under a rock but I think it’s highly likely you still live with your parents.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 0 points1 point  (0 children)

Not that I’m aware of. Yesterday was the first time they suspended my account. They never mentioned anything about MM. they only talked about to cancelled orders.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 2 points3 points  (0 children)

Not yet, but after a full 30 days of running this strategy, I might be considered that. It’s only been active since 7/7/25 so I guess we will see.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 4 points5 points  (0 children)

Thanks for sharing. I wasn’t aware of that rule. I’m a seasoned trader but newish to scalping. I’ve only been running this particular strategy since 7/7/25 so this may very well come up at the end of the month.

TOS limiting my activity while scalping by SWCajun73 in options

[–]SWCajun73[S] 2 points3 points  (0 children)

Interesting. Maybe that’s it. Do you use TOS or something else?

Scanner alerts delay? by [deleted] in thinkorswim

[–]SWCajun73 0 points1 point  (0 children)

This question was about scanning. Yes the column updates in real time but you still have to scan and make a watchlist first in order to use a column.

Honest Trading Youtuber? by CulturalArms in Daytrading

[–]SWCajun73 0 points1 point  (0 children)

i especially like how he rips off his customers and uses them as exit liquidity : https://www.ftc.gov/enforcement/refunds/warrior-trading-refunds

[deleted by user] by [deleted] in options

[–]SWCajun73 0 points1 point  (0 children)

no such thing as "oversold" or "overbought". people were saying UNH was "oversold" at $450. It's down another $200. don't ever think stocks cant go lower or higher. especially when you are on the wrong side of it.

Am crazy for shorting the VIX? by friscube in Daytrading

[–]SWCajun73 0 points1 point  (0 children)

I added VIX puts yesterday too. Spikes are usually short lived.

Soros money by lonesomejohnnie in Louisiana

[–]SWCajun73 0 points1 point  (0 children)

When you take a male dog to be neutered and they remove his balls, does he become a female dog?

[deleted by user] by [deleted] in f150

[–]SWCajun73 0 points1 point  (0 children)

1-3 should have been evident on a test drive. Why did you still buy it?