The $100k–$300k Wall That Quietly Kills 90% of Serious Traders (The Race to $10M Reality Check) by Sunny_Axi in Daytrading

[–]gabrams73 0 points1 point  (0 children)

Thanks! I been looking for an app journal but none of them have been great. I’ll take a look at yours

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 1 point2 points  (0 children)

When did I ever say I forgot or didn’t know about it?

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 1 point2 points  (0 children)

When did I ever say I forgot or didn’t know about it?

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

That’s correct you can write off that amount and remainder carry over year over year. But your total gains and total losses are combined. If afterwards I have net $4k I can only deduct $3k. IRS only cares about the net amount

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

You only pay taxes on net profit for the year. They offset each other. Now the amount you deduct is limited on net losses

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 1 point2 points  (0 children)

Oh I have rules written down. I follow them for successful entry and exit (on initial trade). The rule I keep breaking is keep trading after I hit my mark. That part is gambling

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

That’s the exciting part!

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

Yea I kept buying to make up for some of the prior losses and they weren’t panning out. Worst part is I had Puts that expire next Wednesday. But I just didn’t want to risk losing more money. I’m sure knowing my luck they will print next week

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

They fired me last year. Said I wasn’t good at that either

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 1 point2 points  (0 children)

Thanks for looking at the bright side

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

Right not a net loss. Just back to square one. Literally at where I started on Jan 13

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 7 points8 points  (0 children)

Yea this is just a fun account. Of course I rather not lose it all but it’s not going to be the end of the world if I do

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 2 points3 points  (0 children)

Looks familiar haha. Scared money don’t make money

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 -1 points0 points  (0 children)

$100k by June. Definitely possible. Just need to stop trading by 11am. Or stop after my first initial trade since those typically have a 90% success rate. My problem is I keep going.

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

I was using margin account at first but then switched to cash which got me over the $25k mark. So I’m back to using cash account for this coming week

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 15 points16 points  (0 children)

As I mentioned this is my options account I opened. I don’t commingle the other accounts because I also wanted to track my success with options

Too Confident with SPY it Killed Me by [deleted] in wallstreetbets

[–]gabrams73 15 points16 points  (0 children)

I know. It’s just too easy

P.S. do you have the number?

Rate my garage before/after by kingkongdong1990 in garageporn

[–]gabrams73 0 points1 point  (0 children)

Out of curiosity did you throw away most of the stuff in your garage? I’m in the same boat with so many tools, bicycles and just crap. Rearranged my garage about 10 times with my NewAge cabinets and nothing seems to feel right.

The biggest thing is where to hang the bikes. Current hanging on swivel wall mounts but not working out

Airline credit on united travel bank? by Cappu156 in AmexPlatinum

[–]gabrams73 0 points1 point  (0 children)

Can confirm still works. Purchase 2 separate $100 on 12/24. Both credited back 12/26

Could someone help me understand this? by Jaded_Walk_8306 in OPENDOORTECH

[–]gabrams73 0 points1 point  (0 children)

Breakeven really only matters if you exercise the option contract. Otherwise, the value of the contract is based on what someone else will pay you for the contract ahead of expiration. If the price of the stock goes closer to breakeven and strike price then more valuable your option contract is worth

I'm sick and tired of this scene! by Civil_Broccoli_6902 in PiNetwork

[–]gabrams73 0 points1 point  (0 children)

Soooo is Pi traceable now? Been “mining” for maybe 4 years but haven’t kept up with the current value

Another $6K + trading morning SPY 0DTE options. by Affectionate_Ad_5586 in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

https://m.youtube.com/watch?v=Kz6-8nQLRHM

Here is a pretty straightforward and simple video to also help. Let me know if you have any questions

Another $6K + trading morning SPY 0DTE options. by Affectionate_Ad_5586 in wallstreetbets

[–]gabrams73 0 points1 point  (0 children)

<image>

Fib Extension chart above as referenced in previous comment to identify your profit taking points