ET Reddit Mentions | ChartExchange

Day 4, Week 10. Green. 10 weeks done. It is not a challenge, doing normal trades as all of you 🙂
If you are learning/trading on the side while working full time, I hope I got you inspired the last 10 weeks and showed you my last dream 😃
I am sure since January of this year, many was pessimistic on day trading, growing a small account etc. If I were to disapper, good luck continuing 👊🏻
On IWM, 295 is a psychological numbers, just human nature. I probably annoyed you with saying this. It tried to leave her and then got attracted back. The next round number is 300. In between these numbers, human nature does not care too much, however I am careful with the numbers. No need for orderbook or whatever, I keep it simple, I am lazy 🤷🏻‍♂️
As I write this at 10.09 ET, I am done for today. I could be greedy and stayed more, trade again. There is no reason, market will be here on Monday or if you trade later in the day like I used to, there will be opportunities.
I got in at 9.55 and 5 min later, I was already out. You take your profit and show up tomorrow. It is much more than anyone working minimum wage, I should be happy I have the opportunity to get this in 5min.
Your employer has a plan, the day they don't need you, they will just tell you. I work in IT full time, I don't see how long it will last, especially for experienced people and getting their current pay rate.
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 = $276 total profit.
Total options cost = $924
30 % profit
Time in Trade : 5 min. Not bad 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, 10 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 2.55 is 9.55 ET.
I trade on my samsung s10e. I will say goodbye to it soon. screenshot is from TastyTrade.

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