ET Reddit Mentions | ChartExchange

Day 3, Week 9. Green. It is not a challenge, doing normal trades as all of you 🙂 Probably done for the week. Taking a break for thursday and friday even if I will have an opportunity to look at the chart.
300 is risky psychological numbers, just human nature. It could reject and dump or break it and get rejected. Today, it tried a couple of time and then broke it. I could have stayed in a few more minutes and make easy $2k 🫩 but I keep to my plan $10-15 and out. Market is there tomorrow, long after your are gone.
As I write this at 10.15 ET, I am done for today.
I got in at 9.58 and 2 min later, I was already out. I don't last long and it feels good. Nothing to prove to anyone who tell you to last longer 😬 Took my $12 profit per contract. I did increase the contracts to 30 today.
People who leaving their current for other companies or other reason or retiring in IT or corporate related jobs are no longer being replaced in most companies. They are cutting cost silently, forcing remaining people to absorb the work, a way to reduce cost. How are you going to ask for payrise or bonus by working more for free for a year? They will just tell you: tough time, you are lucky to have a job, we'll see next time, keep going extra mile 🫪
I never use R ratio in any of my calculations, it works for some people, but this maths does not work for small accounts and also for day trading options or futures if you want to be profitable consistenly from what I see.
No fancy options strategy like iron condor, selling etc. Using simple EMAs, VWAP etc to see the trends and levels.
One and done: 25 contracts = $360 total profit.
Total options cost = $2,340
15 % profit
Time in Trade : 2 min. A morning glory trade, lasting long is over rated 🤤
Life is short. You do not need many trading days to grow an account. It is the same if you do options or futures, start small. If you shit in your pants after the first trade and lose in second trade on same day, stop being silly and only do one trade or take a break of 15min before trying second trade.
If I start doing 2 trades a day, I can grow my account much faster, however for this plan, I need to stick to it. When I will grow again a small account next time on options or futures, I will target to a shorter amount of time, maybe 3 months.
Start small, money you can afford to lose, then grow your account.
It is not a shame to trade with 1 contract. Shame or pride does not give you profits.
If you are learning by yourself, give it 2-3 months to see how you are progressing.
If you believe I am lucky every day with the trades and posts 🤷🏻‍♂️ so be it. I believe I have no choice, to put in the effort and keep doing, any loss is my loss as it is me executing my own trades and money.
Started with $300, just 3 contracts, 9 weeks ago, and growing it to $60,000 with 1 trade a day in 6 months target. If you were also trading, even $10 per contract per day, you will have progressed a lot.
My trading plan and strategy is trading one trade a day, 2-5 times a week depending on availability.
I only day trade options on ETFs like SPY, QQQ, IWM etc. Timestamp on the broker is UK time. So, entry time of 2.58 is 9.58 ET.
I trade on my samsung s10e and screenshot is from TastyTrade.

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