ET Reddit Mentions | ChartExchange

Day 2, Week 11. Green. It is not a challenge, doing normal trades as all of you 🙂
I did only 2 days this week, done for week 11. I did not temp it too much when I was in the trades. Not in the mood these day 🤷🏻‍♂️ For those telling me that I should stay in the trades, do it with your own money 😅 I can do it too, however it is not in the plan/strategy goals. Stick to your plan and your target. Don't treat the market as a playground, you are lucky to have access to it with no restrictions with all these technological advancement.
IWM again got rejected by 300 and also by 295, even then it went back to see her sweet 295 today. Just psychological numbers, levels, whatever you want to call them.
As I write this at 10.08 ET, I am done for today. I could be greedy and stayed a little bit more.
If you hesitate to get in, use money you can afford to lose to practice. That's it.
Don't tell people you trade, they will put you down, tell you it is gambling and keep asking you when you will be rich. It should be only you with your chart and broker. You don't go and bore your friends, family, other people with details of your job 🙄
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: 20 contracts = $200 total profit.
Total options cost = $ 1,900
11 % profit
Time in Trade : 2 min. 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 3.02 is 10.02 ET.
I trade on my phone, screenshot is from TastyTrade.

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