ET Reddit Mentions | ChartExchange

Day 4, Week 8. Green. It is not a challenge, doing normal trades as all of you 🙂
I was hesitating to get in, it is one of the those days with thoughts 🤷🏻‍♂️ but I pushed myself. I need to have the nerves to get in and out. No one is going to do it for me.
If you rely on alerts, learn how to trade yourself. What if the alerts become wrong and you are in a large number of positions, you have no way to understand the chart. I am building my little automated entries. As you know I bought a mac mini ( I keep delaying to let it run daily 😅), I was testing it beginning of year and got bored, demotivated with life sometime 🤷🏻‍♂️ (TradingView to TastyTrade/Alpaca if you are wondering)
I did get in, 20 contracts, it was a bit risk as it has been moving in the same trend for a bit and nearing 299, 229.50.
I took took my $14 profit per contract. I did not want to tempt more. It is friday, I did not want to mess up, feel down in the afternoon, evening and weekend. You know the crapping feeling of losing 🙄
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. It looks boring trades when I was doing a few contracts 😅
I do feel bad sometimes getting this profit in a few minutes. Many hard working people are working in this hot weather for 8 hours and commuting for 2h+ to get barely $16/17 per hour in UK. Yeah, minimum wage exist in UK, not tips (if you are in US 😆)
One and done: 20 contracts = $280 total profit.
Total options cost = $1,880
15 % profit
Time in Trade : 2 min. You don't need to last long, a morning glory trade 🤤
**End of week 8,** you have seen I started with 2-3 contracts and grew it. I could have scaled the number of contracts faster, however, I followed my plan and I was lazy, so be it. **Life is short**. It is the same if you do on options or futures, start small. You never congratulate yourself being discipline/psychology stuff when you wake, go to work the whole week. I do it, so why should I look for excuse on psychology when I trade for myself. I mess up and it is up to me to sort it out. I did not also go to prop firms feel good with a big package/account 😁
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, 8 weeks ago, and growing it to $60,000 with 1 trade a day, is still my goal in 6 months. 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. Timestamp on the broker is UK time. So, entry time of 3.02 is 10.02 ET.
I trade on my samsung s10e and screenshot is from TastyTrade.

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ET
Energy Transfer LP Common Units representing limited partner interests
stock NYSE