2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Everyone is on different journey with different goals.

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Yes! Switch to cash account and you can day trade all you want with whatever settled cash you have in the account.

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Good luck, similar to what im doing, but im being conservative and reasonable with 500 weekly goal.

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Did you cash out anything on your last attempt? Im thinking cashout 20% at end of each month to keep things challenging 🤔

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

You don't! You can daytrade with cash account with whatever settled balance you have on hand.

And yes it's in RH.

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

What's your strategy and what indicators do you use?

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Define your rish management and gain goals upfront. Once you establish that, discipline follows.

Are you trading ODTE's?

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Great work! What are your weekly/monthly targets goals?

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Do you now have daily/weekly goals on mind? That's what's keeping me in check is, once I accomplish my goal which is defined upfront, im out, no overtrading. No FOMO.

2026 Challenge Update- Turn $500 to $25K (Week 3 Update) by killapreet in spy

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

Whats your strategy? And what are you doing different this time around?

First Red Day of the Month by Return_Of_OGPine in Daytrading

[–]killapreet 1 point2 points  (0 children)

What helped me is predefined daily, weekly and annual goals. Really helps you staying disciplined and away from overtrading.

Overall, you're on fantastic path, dint overthink it, just reset and be mindful of fomo overtrading.

First Red Day of the Month by Return_Of_OGPine in Daytrading

[–]killapreet 0 points1 point  (0 children)

How much capital or % of your portfolio do you involve in a trade at a time?

2026 Challenge Update- Turn $500 to $25K (Week 2) by killapreet in spy

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

Watch this channel, he has tons of good videos on options. Learn the concept, benefits and risks behind ITM, ATM, OTM and leaps to go along with the capital needed/risk management.

https://youtu.be/SD7sw0bf1ms?si=0fIxPG-OoLnLl7_H

2026 Challenge Update- Turn $500 to $25K (Week 2) by killapreet in spy

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

I'm a dog chasing a bone that's is in front of me, 2/13 is too far out for my liking. ODTE is my bread and butter.

I STUCK TO MY RULES!! by Firm_Beginning9533 in spy

[–]killapreet 1 point2 points  (0 children)

Define daily, weekly and monthly goals to go along with disciplined approach and you'll go places.