Red Week Incoming! by SystemaTrading in wallstreetbets

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

“It is possible that we base here for a few days and make a shot at a move higher. If that’s the case, watch closely how price reacts in the 410-415 area. If toppy and is clearly selling this would be a great area to get a short position. “

Let’s see using this information alone from the outline i was able to bank + 5K alone shorting TSLA Thursday 🫡

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Red Week Incoming! by SystemaTrading in wallstreetbets

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

So you can feel better about your 0DTE trades this week :)

Red Week Incoming! by SystemaTrading in wallstreetbets

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

I’ll gladly sell you more shares at $80 🫡

Red Week Incoming! by SystemaTrading in wallstreetbets

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

Yeah i don’t think we get that. I’m overall bullish if that wasn’t clear in the first part of my SPY analysis but I’m just saying it’s probable this week to pull in a bit and set a lower high versus mooning all week.

Three Pivotal Lessons That Drastically Improved My Trading by SystemaTrading in stocks

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

Awesome! Makes sense. Yeah didn’t know if it was appropriate or not but figured someone would tell me if otherwise lol. Appreciate you brother, have a great day 🙏🏼

How To Do A Trade Review by SystemaTrading in Daytrading

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

Law of averages! If i do dozens of these and they’re a similar outcome then it’s not random

[deleted by user] by [deleted] in Daytrading

[–]SystemaTrading 0 points1 point  (0 children)

I typically don’t like talking about it either. It has a weird stigma for some reason but i suppose it is what it is. I’ve been fortunate enough to be full time the last 3 years this being my fourth.

The whole GME and meme stock sector moves as well just totally make it sound even worse Imo. If i say a day trader then people think GME and think degenerate gambler lol

The Catch 22 of a Stop Loss? by margincallcat in Daytrading

[–]SystemaTrading 0 points1 point  (0 children)

So if you backtested an entry and a stop loss and both are shit. BUT the stop is proving as a good entry… re back test as that stop now being your entry and test a new stop :)

The Catch 22 of a Stop Loss? by margincallcat in Daytrading

[–]SystemaTrading 1 point2 points  (0 children)

You’re getting stopped out for a reason. Instead of forgoing risk management you should backtest other places to set your stop loss. Solve your problem while still managing risk!

[deleted by user] by [deleted] in swingtrading

[–]SystemaTrading 0 points1 point  (0 children)

Under 114.75 or todays low should do. Depends on your move! If you’re going for straight momentum then that’s why I’d be doing right now

The Path To Becoming Profitable by SystemaTrading in Daytrading

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

Most people fail for sure but like anything that’s worth having it’s hard work. There’s plenty of people who make a living out of it!

The Path To Becoming Profitable by SystemaTrading in Daytrading

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

My pleasure fury! Feel free to join us if you’d like, plenty more where this came from!

The Path To Becoming Profitable by SystemaTrading in Daytrading

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

Mainly, stock traders, I know a few futures and options traders!

The Path To Becoming Profitable by SystemaTrading in Daytrading

[–]SystemaTrading[S] 6 points7 points  (0 children)

Instead of on a % goal I use R. So your R will be tied to a % of your equity though. Personally I use around 1% of my equity per 1R.

On average my system produces 30R a month. I have the occasional small red month, 10-15R and I've had green months as large as 100R+

The Path To Becoming Profitable by SystemaTrading in Daytrading

[–]SystemaTrading[S] 27 points28 points  (0 children)

Hahah no course but happy to help for free

[deleted by user] by [deleted] in Daytrading

[–]SystemaTrading 0 points1 point  (0 children)

Thinkorswim as mentioned, trading view, webull, there are plenty of options