ET Reddit Mentions | ChartExchange

Day 1, Week 11. Green. It is not a challenge, doing normal trades as all of you 🙂
If you are learning or trading on the side while working full time, I hope I got you inspired the last 11 weeks and showed you my last dream 😃 can't be lucy for so many weeks.
IWM got kick off by 300, it went to its side piece on 295 and got kicked off also 😅
On IWM, 295/300 are psychological numbers, levels or whatever you want to call these, dark places or something.
As I write this at 10.05 ET, I am done for today. I could be greedy and stayed a little bit more. I got in a bit early and stayed in the trade longer today, well, profit it profit.
Subcontracting, outsourcing, offshoring, near shoring, everyone was pessimistic that their knowledge on the main site is important and keep their job security in offices as afterall they are more intelligent and know more..well, other people in the world are too. Pride does not get you better pay. With lockdown, people worked from home, same people who were told their job are important and cannot work from home, even traders. Let you guess with AI - yes not all job will be gone by massive downsizing with the tech and financial corporates have already started.
So, do you really think your job will still be here in the near future if your can can be done away from office 🤷🏻‍♂️
If you hesitate to get in, use money you can afford to lose to practice. That's it.
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: 15 contracts = $225 total profit.
Total options cost = $1,350
17 % profit
Time in Trade : 12 min. Not really a morning glory trade 🤤
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, 11 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 2.51 is 9.51 ET.
I trade on my phone, screenshot is from TastyTrade.

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ET
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