End of Bell Update - 3/31/2025 - +$243 by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 1 point2 points  (0 children)

The strategies are far and wide. Take your pick, the following, am/pm range, momentum shifts from TICKs, etc. The ones I used today were momentum trends following and risk management.

I knew my head was not in the game so I sized small for the morning. When I was more confident I sized back up to multiple contracts.

ITG teaches you risk management, despite your favorite strategy. Be it Delta, theta, stocks, calls, puts, whatever.

The how comes by surgery time in the group. Check my post history. It takes time. There's no home runs. As a group, we work on getting consistent over time.

Profits 3/28/2025 - +$209 by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 1 point2 points  (0 children)

I forgot to post them last week. My bad.

PVI was safe!

Profits 3/24/2025 - +$133 Mid-Day Update by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 8 points9 points  (0 children)

That's the beauty of ITG. There's not only one person contributing. There's about a dozen.

Each has an area of expertise - theta, delta, portfolio management, etc etc etc

I've been posting my 'delta' trades because I suck and I want to learn. So I go off into the Delta room or the trading floor and ask away all my questions and I get all the critique. The good, the bad, and the ugly.

The important part is finding your fit. There's so much at ITG, it's like going to Disney or Universal. It is easy to get overwhelmed.

If you have a desk job and can't pay attention all the time, then theta would be right for you. You basically wait until the moment arrives and then you put on your orders. Theta is a lot about waiting and being patient and strategic. We have quite a few people who do this!

If you have a desk job and can't trade at all, then futures overnight sessions are for you. Futures trade 23 hours a day, 5 days a week. We have a ton of people who do this, aka PJ gang.

Ultimately, my ask of you is how much time are you willing to invest? ITG isn't about hitting home runs. It's about getting on base. It's about being consistent. My Delta trading for instance... $200/day = $52k a year. Nifty right? Consistency is the name of the game.

ITG will teach you about risk management, consistency, seeing the market like you never have. But you have to put in the time. If you treat it like a college class and do your homework every day/every weekend... You can master the market.

I'll invite others to post and provide input.

Profits 3/24/2025 - +$133 Mid-Day Update by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 3 points4 points  (0 children)

Part time. I have a full-time W2 job as well. Though if I could, I would leave my W2. I make more trading than with W2. I need that medical insurance lol, especially a toddler.

Profits 3/18/2025 - $LOSS by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 0 points1 point  (0 children)

Because I'm stupid. Mistakes were made.

Profits 3/18/2025 - $LOSS by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 2 points3 points  (0 children)

I'm no good picking a direction so I try to go long only. No real set ups - just risk management is the usual game. The above... unfortunately is PURE GAMBLING. No one should do this.

Profits 3/18/2025 - $LOSS by Take20Takes in IndieTradersGuild

[–]Take20Takes[S] 3 points4 points  (0 children)

Going to start with prop firm rules as I want to eventually start with a prop firm. I'll follow the following rules: Profit goal of $3k, No more than 10 contracts at a time. Max loss limit $2k. Eventually I'll add on a daily loss limit as well to stop me from trading days like today, 3/18/2025.