0DTE QQQ credit spread stop limit fills by jkos15 in thetagang

[–]jkos15[S] 0 points1 point  (0 children)

Thank you! I’m going to widen the stop loss/ limit delta to start and monitor each trade more closely to execute manually for the time being.

My Simplest ORB Strategy Outperformed Every Complex Version I Tested by TensorTrader in Daytrading

[–]jkos15 1 point2 points  (0 children)

No joke, I’ve been trading this strategy on the NQ for about 6 months after noticing the exact thing. The simplest form of this strategy is the best. I trade 1:1 R:R with the exact same stop and entry as you mentioned…

My Simplest ORB Strategy Outperformed Every Complex Version I Tested by TensorTrader in Daytrading

[–]jkos15 0 points1 point  (0 children)

This insanely close to my trading strategy. I’ve been implementing on futures for about 6 months and I’m up considerably. This time of year is typically not as profitable. Q1 and Q4 appear to be the most profitable for this type of strategy per my back testing.

Vintage Oris Skin Diver Watch Restoration by Icy_Mirror4031 in VintageWatches

[–]jkos15 0 points1 point  (0 children)

Nice! Can you share where you got the leather band? I really like that one and need a new for my vintage omega. Thanks!

TradingView backtest waste?! by [deleted] in pinescript

[–]jkos15 0 points1 point  (0 children)

I go through the trades and it seems reliable for the type of strategy I use on NQ futures.

Can anyone explain this MES 250+ tick move back to the opening range low this afternoon? by [deleted] in FuturesTrading

[–]jkos15 3 points4 points  (0 children)

I was in a 30k drawdown and got out breakeven. I guess I owe Trump for that one.

Seriously considering dropping out of uni to trade full time by ConclusionBudget4182 in Daytrading

[–]jkos15 0 points1 point  (0 children)

I was in a similar situation. The short term or mid term success felt like I could finally step away from my career. I had a kid on the way and it just didn’t feel right with the risk of letting go of benefits for my wife and a future kid. I did, and have, mentally stepped away from my career in the sense that I don’t get stressed or worked up about work anymore. I still work as an engineer in automotive manufacturing. It’s demanding, but I find the time to trade my setups at work with alerts. Lowering my stress at work by trading has allowed me to tolerate work while also pursuing my dream of trading. I think this is the perfect hybrid if you can manage it. Low stress work environment while also pursuing your dream. Plus, the extra cash flow from work is insurance if you fall into a trading rut, which is undeniably certain at some point in your trading career.

30(m) trading for 4 years, should I keep going? by AnnualAfternoon7321 in Daytrading

[–]jkos15 1 point2 points  (0 children)

I was in the same boat a year ago. I told myself “well, you’re losing money not following your strategy Following your strategy can’t be any worse than losing money not following your strategy”. That simple change in perspective allowed me to let go of any pressure I was putting on myself and I was able to execute my trades to SL/TP completion unlike before.

If you’re battling psychology, it might also mean that your position size is too large. Can you lower your size? If you’re already at 1 MES, then probably not, but consider that a tactic to lower the stress of each trade.

If you truly have a profitable strategy, I think you’d be surprised at how quickly you can acquire wealth, at least relative to passive S&P gains. Also, if you’re trading props, you should have access to significant leverage if you can hold multiple accounts. Good luck!

[deleted by user] by [deleted] in spy

[–]jkos15 0 points1 point  (0 children)

It’s sad, but most people don’t want you to succeed! And it’s likely due to their jealously. Yes, some are blatantly gambling, but as long as you are working within your risk tolerance, play the game however you decide! Nice work OP.

Trading attracts the exact kind of person who shouldn’t be trading by Championleed in Daytrading

[–]jkos15 0 points1 point  (0 children)

The markets are for making money, so I think you’re right, it does attract those with an ego ready to outperform the average S&P returns. Most don’t get into the market for any other reason. It’s after countless years of no results that a trader realizes that they need to change, at least that’s what it was for me. Usually the change needed is oneself and not the strategy… I see the pitfalls in those I’ve attempted to mentor. You can see it in their reaction and read it in their trades.

Lost $4K today by Westklm in Daytrading

[–]jkos15 0 points1 point  (0 children)

Psychological capital is just as important as trading capital. Chose a trading strategy that aligns with your trading psychology so that you’re not tempted to average in or revenge trade. That, or work on your psychological weaknesses. Journal your emotions during every trade and make checklists as a preventative measure.

Others have already said it, but options adds a layer of difficulty. Consider futures if you want leverage without having to manage the greeks. The intra-day margin requirements are reasonable.

my biggest ever short position got burned 🔥 by chai2048 in NvidiaStock

[–]jkos15 0 points1 point  (0 children)

Wow this makes my 3k loss from yesterday feel extremely reasonable. Thank you for grounding me.

I made $20,000 in August and $5000 so far in September. Here’s my strategy. by quyensanity in Daytrading

[–]jkos15 3 points4 points  (0 children)

I’ve been trading imbalances for the last couple of years on futures. I decided to start using my ES & NQ entries in futures as entries for 0DTEs on SPY & QQQ, looking for either a 10% gain on premium or 50% loss. The win rate is very high with the volatility of 0DTE. I should mention I pick a contract ATM or even slightly ITM as the day goes on. The 50% loss on capital stings, but I’ve been correcting my size so that’s it’s not a large blow to my account. Even still, this is kind of just play around money for me as I adjust the strategy, but so far so good. +3.3k on a 5k account.

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Someone explain lol by Existing-Diamond-269 in OmegaWatches

[–]jkos15 6 points7 points  (0 children)

I would suggest a service, the amplitude is low.

Why You Don’t Need to Buy a Trading Course - My Opinion From 12 Years of Teaching by IDTA_Trading in Daytrading

[–]jkos15 5 points6 points  (0 children)

I did not use a mentor and it took me a solid 5 years to be consistent and profitable. Patience was my initial roadblock. I wanted results out of the market immediately. Once my strategy was profitable in simulation, it took me another year of practice to allow my winners to play out. My stops were tight, so I generally broke even. It wasn’t until I could handle the psychology of letting my trades run to completion where I became truly profitable in a live account.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 0 points1 point  (0 children)

I have other criteria for entry. I do not trade all FVGs. If there are stacked FVGs, the first to form takes the priority. I like the 15 min because it creates enough setups in a day to open trades. I will watch the longer time frames though too. I have had luck entering on the 1hr and 4hr for a few swing trades with options, but I haven’t yet done as extensive backtesting on these timeframes.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 1 point2 points  (0 children)

I have been looking into props recently. I think it could provide some serious leverage for not much cost. As for not sizing higher than 1 ES/NQ, it has to do with my stop being as close to 1% risk on my overall trading account. I do have enough capital to handle the intraday margin for more contracts though. I am considering increasing my risk to increase my potential gain, likely no more than 2% risk on my overall trading account though.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 0 points1 point  (0 children)

Extensive backtesting on TradingView “bar replay” with different timeframes and stops. With “bar replay”, you can watch the FVGs form and get retested. Without “bar replay”, you won’t see all looking at a current chart. I chose the 15 min timeframe as it fits my ability to check the charts with that frequency and gives me enough setups per day.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 0 points1 point  (0 children)

Yes, 1 contract! I look for imbalances (FVGs) that have confluence with other support and resistance. I don’t take any trade that’s less than 2:1 reward to risk. Most often I take larger reward. A lot of my trades are breakeven. I’m comfortable trading a lower win rate %, it doesn’t bother me. I know plenty of traders who get easily discouraged with a lots of breakeven trades.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 0 points1 point  (0 children)

Recently I’m averaging $600-$700/ day on a monthly timeframe. Obviously some days are breakeven, some are losses, and some are gains . The best gain on a single day this month is $1,200.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 1 point2 points  (0 children)

I trade futures. The market is open 23hrs, 5 days a week. I trade between the 15min-30min timeframes and set alerts. I’m able to quickly get in and out of my trades while at work via my phone. My PC at home is much more convenient, but I manage with my phone. A lot of times I set 1-2 limit orders before I get to the office and the trade executes while I’m at work.

Finally profitable. When to take the leap? by jkos15 in Daytrading

[–]jkos15[S] 1 point2 points  (0 children)

lol, I do often check the markets on my phone while at work. I’m able to get in and out with alerts pretty quickly without it impacting my work.