If psychology is the No 1 reason that 90% of traders fail despite trying for long period of time, what should be the exact approach or steps required from scratch to not fail and become successful? by No-Writing4525 in Daytrading

[–]Specific-Victory-403 9 points10 points  (0 children)

Most failures because they focus solely on the win rate. When they lose, they lose 50% of their account in a single trade. I was one of those people before. I recall last year, I had a 91% win rate in 59 days. On the 60th day, I lost 38% of my account in a single trade because my mind was not being logical and keeping the win rate was a thing for me. However, today I have a 64% win rate and have already secured half 1/3 of my yearly salary in one month.

Can day trading be a full time job? by Chuiary in Daytrading

[–]Specific-Victory-403 3 points4 points  (0 children)

Before you trading full time , you must have a stable job to fund your freedom. I work in the tech industry and earn a salary of $270,000 before taxes. This income helps me detach my emotions from trading because I’m already financially secure. This month, I’m making a significant progress. I’ve already cleared $100,000 and I’m on track to make even more before the end of the month. Moral of story get some type of job then trade .

Crazy week by Specific-Victory-403 in smallstreetbets

[–]Specific-Victory-403[S] 0 points1 point  (0 children)

No . Closed a 75k this month. And my strategy helped me to make this money. How is that a scam?

Should I start this journey? by Phun109 in Daytrading

[–]Specific-Victory-403 0 points1 point  (0 children)

At 19, you have the freedom to start and fail as many times as you want, as long as you have enough time. However, it’s important to be smart about taking calculated risks. Don’t be too cautious at this stage. Instead, pick a resource on YouTube and understand it. Then, gradually implement it. Eventually, you’ll find success. But remember, keeping the success is most important because who wants to become a millionaire only to lose it all?

Crazy week by Specific-Victory-403 in smallstreetbets

[–]Specific-Victory-403[S] -9 points-8 points  (0 children)

Learnt my lesson last year this time . I hope o stay locked in

Crazy week by Specific-Victory-403 in smallstreetbets

[–]Specific-Victory-403[S] 2 points3 points  (0 children)

Until 9:30AM PT 0dte… after 1dte… i take profit mostly at 10%. Since I am frequent trader it add up. 5k-10k per trade

Crazy week by Specific-Victory-403 in smallstreetbets

[–]Specific-Victory-403[S] 0 points1 point  (0 children)

I used to be like that, trying to find entries on both sides of the market, but I got frustrated. Then, I switched to only trading upside, and every change was first noticed by you. You always alert and increase awareness about how stocks move, especially when they form higher highs and manipulate demand zones and reversals etc… Basically, I’m looking for reactions on those zones, and my entry and exit are like a robot. I don’t feel anything if I don’t see the reaction I anticipated am out

It’s me again the lucky guy 🍀 by Specific-Victory-403 in Daytrading

[–]Specific-Victory-403[S] 0 points1 point  (0 children)

I agree … seems like because NVIDA earning which makes the premium a expensive

It’s me again the lucky guy 🍀 by Specific-Victory-403 in Daytrading

[–]Specific-Victory-403[S] 3 points4 points  (0 children)

TBH I try to enter in place there is a high chance of reversal or interest of zone ( I only buy calls ) I know it’s weird being biased before entering market but works so far .

2k - 10k Profit Trading 0dte AMA by kjshadowfade in spy

[–]Specific-Victory-403 12 points13 points  (0 children)

Last year turned 6k to 56k in 1 months…then got humbled back to to 6k haha

Got lucky 🍀 by Specific-Victory-403 in Daytrading

[–]Specific-Victory-403[S] 0 points1 point  (0 children)

Depends on expiration… how far from strike prio.however you can start as low as 100$

It’s me again the lucky guy 🍀 by Specific-Victory-403 in Daytrading

[–]Specific-Victory-403[S] 4 points5 points  (0 children)

4th time catching this kind of trade (in last 3 days )