ET Reddit Mentions | ChartExchange

Day 1, Week 16. Green. It is not a challenge, doing normal trades as all of you 🙂
With IWM price between 300 and 305, it is stitting towards 303.5. It has been stretch on both side, still undecided to go back to all time him or chill at this levels, pschological levels.
Also, it is summer time in UK, Europe and northern America. So, less people available and volume. If algo were always running, they would not reduce volume and take a break 🤷🏻‍♂️
Today, is not a day for me to be greedy with these puny moves. Took my profit $10 per contract and was out. I had put $20 but told myself to stop messing around and stay on track.
As I write this at 10.21 ET, I am done for today.
Use money you can afford to lose to practice. That's it. Don't use your savings, save money by not buying coffee outside, or give up something, make a sacrifice to get the money to start trading instead of easily taking it from your savings.
I guess by now you well noticed I don't use Risk Reward (RR) ratio, it works for some people, but this maths does not work me, for small accounts and ordinary people who are in day trading and want to profit consistently.
I don't like fancy options strategy like iron condor, selling etc. Using simple EMAs, VWAP etc to see the trends and levels.
One and done: 30 contracts = $300 total profit.
Total options cost = $ 960
31% profit
Time in Trade : 5 min. A morning glory trade 🤤
Life is short. One trade a day is more than enough to grow an account. Be lazy. If you have one choice, one trade, you would think twice before entering. No over trading after profit or loss. No spending hours on psychological stuff to avoid over-trading or whatever.
Started with $300, just 3 contracts, 16 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.
No shame or pride to start to trade with 1 contract to practice profit and loss.
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, I put in the effort and keep doing, any loss is my loss as it is me executing my own trades and money.
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 UK time is 9.55 ET.
I trade on my phone, screenshot is from TastyTrade.

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