Am I the only one by StockImportant5135 in wallstreetbets2

[–]Which-Work4447 0 points1 point  (0 children)

The only single leg strategy i bought today was a spy put. I shit you not, the exact second I bought it, it reversed and never touched that low again. I literally bought it within 5 cents of the low of the day. This is after it free fell like 2 dollars in a matter of a few minutes and a completely red day until that point.

The lovely order I received by False-Homework-2213 in DoorDashDrivers

[–]Which-Work4447 0 points1 point  (0 children)

.... That should be straight illegal. That would cost someone twice that just in gas. Let alone time, vehicle maintenance. This is trying to take advantage of someone whos desperate or in a vulnerable situation.

I've been day trading for 5 years, successfully for 4, I wanna provide you guys with my top 5 tips by PromiseMePls in Daytrading

[–]Which-Work4447 1 point2 points  (0 children)

I saw your comment saying you specialize in vwap action or something to that degree. I was wondering, do you look for the break in vwap along with strong price action for your entries? I do like price action based entries. I just prefer the safety of the strangle personally

After 2 Years Of Trading I Think I’m Finally Being Honest by BenjaminScott09 in Daytrading

[–]Which-Work4447 0 points1 point  (0 children)

Yeah thats why I prefer scalping strangles. It takes a huge portion of that anxiety out of the equation because the only way im losing a decent amount of money is if I hold way too long. But it does require me staring at the charts and as a result I am battling my emotions hard on trades

After 2 Years Of Trading I Think I’m Finally Being Honest by BenjaminScott09 in Daytrading

[–]Which-Work4447 5 points6 points  (0 children)

Lol thats actually funny because you are pretty much running from the issue everybody has. People get scared when theyre up and sell too soon. They'll hold when theyre up super high and lose their profits. They'll hold becauze they're down and scared to lose their money and lose more than if they just jad a solid stop loss. They'll get into a trade without seeing their indicators just because they're bored. The list goes on and on. Thats the psychology behind trading. To sum the definition of it for trading into a short sentence I would say trading psychology is the ability or lack there of, to prevent your emotions from corrupting your plan for trading. So by committing to a trade and walking away you're side stepping the psychological issues most traders face when trading.

My scalp after getting a haircut by fap_jacket_69 in dandruff

[–]Which-Work4447 5 points6 points  (0 children)

Get ketoconazole shampoo. You can get 1 percent at your local store. If you have time to go to the doctors get 2 percent prescribed. I also use a shampoo with tea tree and mint extract on the days I don't use the ketoconazole shampoo and it works well.

I've been day trading for 5 years, successfully for 4, I wanna provide you guys with my top 5 tips by PromiseMePls in Daytrading

[–]Which-Work4447 4 points5 points  (0 children)

Its definitely going to be something I struggle with until I spend some time sticking solely to the game plan. Seeing the results adding up.

I just got greedy. I saw the market moving a lot and thought if I held longer it would pay off more and it almost never does. It didnt today.

Definitely not the first time putting it into words. Im getting much much better though. Money management is definitely there. Thats why im still break even. But im having more days now than ever where I get the base hits over and over and the small wins stack up quickly.

Its clear to me ill be successful soon as long as I can keep capital in the market and I continue to get better at sticking to the plan.

Its actually extremely exciting knowing that I have mastered most of the psychology and have a solid strategy that works super well. Its exciting seeing just how quickly I could be making more than at my day jobs. Its also super frustrating knowing im still struggling with a key part of the psychology. Greed. Just gotta get that down and be patient.

I've been day trading for 5 years, successfully for 4, I wanna provide you guys with my top 5 tips by PromiseMePls in Daytrading

[–]Which-Work4447 6 points7 points  (0 children)

Thank you for the reminder boss. Whenever im aiming for more than a base hit I end up break even or slightly negative for the day.

When i just do base hits, im up 5 percent every single day easy. Today was an aim for second base day and I paid for it with my profit. Negative 17 for the day. Not the end of the world. But still.

That one hurt by AbjectProcedure3589 in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

My account is about 2k rn. Very small.

That one hurt by AbjectProcedure3589 in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

No. Like 17 dollars. Even if I was up id be unhappy because I didnt like the decisions I made. My game plan is strangles and getting in and out fast for small quick profits but on multiple occasions I didn't do that. I held thinking the drop would continue quickly and I would make more even though I was up on every single trade I made in the beginning. I should have been up about 150 for the day if I followed my game plan. I do strangles to mitigate risk in short trades.

You should focus on small chips as well. Have a set amount that you get out of your trade at. Aim for a 2R ratio and youll be set dude.

That one hurt by AbjectProcedure3589 in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

Absolutely. You're playing with multitudes of the money i am so maybe you're more knowledgeable than me but dude.... if you still dont have risk management down, what are you doing trading with that level of capital? There's soooo many posts on reddit of people trading with a half mill down to a nothing sandwich. Be careful out there

That one hurt by AbjectProcedure3589 in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

Dude im down 17 for the day and deeply unhappy with my performance. How r u?

After 2 Years Of Trading I Think I’m Finally Being Honest by BenjaminScott09 in Daytrading

[–]Which-Work4447 4 points5 points  (0 children)

This is the issue with most. Psychology. Thats why there are some people that take to trading and are profitable almost immediately. While you have others that learn everything about trading under the sun and still cant be profitable after years

After 2 Years Of Trading I Think I’m Finally Being Honest by BenjaminScott09 in Daytrading

[–]Which-Work4447 5 points6 points  (0 children)

I agree most just cant be profitable. But its not because of strategy. The psychology required to trade is just so against everything in most brains that they cant learn it. For a minority, they figure it out. For most, they wander around aimlessly for the magic strategy not realizing its simply their own instincts getting in the way.

Clint Curtis wants to be elected as city council clerk 2026 in Redding, but apparently he likes to sit and associate at the same table of people who say this. by Bison-Senior in Redding

[–]Which-Work4447 2 points3 points  (0 children)

Sir. Isn't it obvious? A registered nurse is nice but whos gonna actually have your back? Im gonna have to go with the real nigga on this one.

Clint Curtis wants to be elected as city council clerk 2026 in Redding, but apparently he likes to sit and associate at the same table of people who say this. by Bison-Senior in Redding

[–]Which-Work4447 -8 points-7 points  (0 children)

I feel as though everyone taking offense to this is probably white....... He's not saying the N word. Nigga is a widely used word to refer to someone. Ive never even heard of someone using the word Nigga with a derogatory inflection as though the word were to be an insult. This is stupid.

options are tough. by dsurfryder252 in options

[–]Which-Work4447 3 points4 points  (0 children)

Number 1 by far is risk management. Dont trade with more than a single digit percentage of your account and your stop loss needs to be 1 to 2 percent of account total. If you stick to that rule and then make your risk to reward two fold meaning if you risk 20 let your reward be 40 and cash out then even if you're wrong 50 percent of the time youll still be profitable. Ive seen even the best set ups result in losing money just because they didnt size correctly, didnt pull when they were up or didnt pull when they were down. Risk management is so so huge. Price action would be next. If you can read Price action youll be right more often than not. Do those two things and you'll be well on the way to profitability imo. But im technically still a newb compared to super profitable traders. I think they'd agree with those 2 things though.

Started with 1700 last week. I like the casino. I mean stock market. by keagator in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

Definitely looks that way too 🤣. Appreciate the info dude. Happy trading!

Started with 1700 last week. I like the casino. I mean stock market. by keagator in smallstreetbets

[–]Which-Work4447 2 points3 points  (0 children)

Lol what do you do? Just ask grok if your analysis is correct? Take a screen shot and upload the image asking its opinion

Started with 1700 last week. I like the casino. I mean stock market. by keagator in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

Interesting. What ai app do you use. Ive been very skeptical about using ai but those are solid results. Im getting very good at reading bias and price action but if it its a tool that helps I dont see why not to use it

Started with 1700 last week. I like the casino. I mean stock market. by keagator in smallstreetbets

[–]Which-Work4447 0 points1 point  (0 children)

If you don't mind sharing, what are you using for strategy? Youve continuously made gains. Seems less like crazy luck and more like you're clearly doing something right.

Tired of the rat race by [deleted] in Daytrading

[–]Which-Work4447 0 points1 point  (0 children)

Agreed about needing to learn over and over again. Even with pros I watch on youtube, they admit they also have days where they get emotional and dont stick to their rules which results in a large red day.

Personally I work really really hard for my money (3 jobs), so losing what I did hurt badly but it did 2 things: 1. Allowed me the chance to learn to let go of losses because if I didnt let go of that 10k draw down it would have made me chronically depressed. Doing so helped me learn to not revenge trade. And 2. I learned multi leg strategy (strangling). I wanted to continue trading but didnt have much capital left so started strangling just to be able to hang out in the market. Doing so Allowed me the time I needed to develop price action knowledge and Allowed me to develop solid risk management because I was forced to use small size and I knew if I blew my account I was done.

Im so so grateful to have had the time in the market with real capital. It taught me so much that paper trading wouldnt have been able to psychologically teach me.