IWM
iShares Russell 2000 ETF
stock NYSE ETF

Don't ever buy a course from an online guru. It's just repackaged stuff that has been around for 40 years that you can get for free.
Don't listen to people on social media, especially we when they all start pumping the same thing (sofi, nike, ect) it's all just follow the leader
Picks a strategy that works for you and STICK TO IT. Don't let it run passed your stop loss cause you're sure it's going to go up. Take it at your take profit and walk away. Stick to the plan
Don't force it. There will be days when things are so choppy there is no good entry. A day with no trades is better than a loss. You might get lucky here and there when you force it. But that's like giving an alcoholic a bottle of vodka. Next thing you know you're back to ignoring your strategy
Don't get emotional. This is the hardest one. If you hit a losing streak. Again don't force it and revenge trade. If you go on a hot streak Don't get cocky and over size
Pick a play and stick with it. No exceptions
Also if you have $30k and want a little secret...
I have an account where all I did was but 100 shares of IWM. Then every day I sell a super high delta daily covered call on it. Like around 90 delta. Will get you around $10-15 in premium every day. Take that I'll just say $10 to be conservative and put it into SCHD and say fund goes up a conservative 8% a year. 2% a quarter.
You end up putting $50+ a week of free money into SCHD. After 3 months you have $714 which will get you around $5.50 in dividends. By the end of the first year you're over $3k and getting $25 a quarter in dividends. After 2 years you're over 6700 and getting $52 a quarter in dividends. Eventually you have more in that SCHD account than you paid for the IWM share. But as long as you keep the delta high enough and roll to the next day if you're strike is tested, the IWM share are going up too along the way

RWL, IWM, DGRO
* RWL is a revenue-weighted S&P500 index, so it's not tech-heavy at the top
* IWM is a market-cap weighted Russell 2000 index of small cap stocks - again, not tech-heavy at the top
* DGRO is a collection of dividend-paying companies that have proven long-term performance. It outperforms SCHD significantly over the long term.
Those seem pretty safe right now with all of the tech sector BS going on.

come on IWM . Elevator up , jump out of window down

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.

SPY (S&P 500), QQQ (Nasdaq) and IWM (Russel 2000) are the majority of what is day traded.

tax death and IWM pumping for no fucking reason

Damn IWM. Share some love

I want to get good at trading one instrument, and I have no interest in futures contracts. When I started trading, I chased everything that looked like it might explode, and lost a lot of money. Then, I narrowed my focus to three separate tickers. That worked for a while, I got a feeling for how they moved. But I got greedy with a short, said, "It has to reverse, it's been down all week." Famous last words for an account.
Now, I focus on QQQ. It still gives me grief, but that's what we all signed up for. I find that it gives me set-ups more regularly than what I had been trading, and I generally don't worry as much if I don't exit before the end of day and have to hold overnight (like right now.)
I will probably try trading SPY and IWM when/if I get bored or fed up with QQQ. I generally stay away from TQQQ and SQQQ. I don't like leveraged etfs.

SPY/IWM/QQQ/TSLA/NVDA/AAPL/GOOG
Best stocks are liquid ones

Yeah this has been crazy for me. SPY most of the day was above yesterday's lows and yet I see a lot of shit 50% down from highs. Agreed how dissonant this is. I mean IWM at ATHs too.
I'm cash, but do daily trades that I close out at the end of the day, and I see a lot of things I'd like to pick up (as they're 50% off) but I think "what will happen when IWM and SPY dip...."

IWM went back to flat.
Fuck this fake ass market

The rotation into IWM might be the dumbest shit I've seen

Highkey yes. Selling these IWM puts before close and d switching to calls

Everything red but SPY and IWM hanging in there

The fuck was that IWM pump?

IWM legit just said ,"nah." Lol

Thank you made 3.6k on IWM puts 😊

Short IWM! FREE MONEY

SPY red but IWM is green. Yeah makes total sense.

IWM doing really well too