good luck .keep risk to % per trade. When you have mastered all the aspects of trading , you will be qualified and ready to find the holy grail .At the moment it is all uncertain ,later it can become reality All these subjects on psychology , stress , emotions , t/a , p/a , trends , trend failures, indicators and others are important aspects of the trading. At least he has more balls than you It takes guts to do a journal.Carry on Esko Winners see the potential; Losers see the past. The Winner says, "It may be difficult, but it is possible"; The Loser says, "It may be possible, but it is too difficult". Winners make it happen; Losers let it happen.
Hi, I try to buy in the money calls/puts, but when I was starting out with the $500 I had to take a few out of the money risky plays. Now that I have some real ammunition I will mostly stick to in the money plays. I play the SPY a lot as well as a few blue chips like AMZN, NFLX, TSLA ect... I rely more on instinct and money flow for my entries, I look at call/put volume and wait for perfect timing. I don't trade for the first hour. I mostly trade momentum and reversal plays. When I trade the SPY I look for support and resistance areas and trade strictly off of that. With the smaller account I was going all in on any single trade now that I have more to play with Ive cut it down to around $500-1000 per trade, so anywhere from 25% to 50% of my current account value in any one single trade. But as I go up in net worth these entry amounts won't change as far as $ figures go. I usually only trade weeklies. The SPY rules all of my trades, I base all of my entries in any stocks based on its movement regarding a bullish or bearish stance.
Hey, sorry I forgot all about this thread for a while. I am still trading will update by end of day again, or at least try to.
Your time for trading is now over. Now your time for teaching seminars and publishing books begin. "How to make 400% returns in a month" Start your typewriter and get out there and teach + make tons of money.
Got it up to around 6k in about 2 weeks and then took some out and lost the rest. I've traded in between but starting this thread off with just 2k