I'm waiting for the "I am bored with my Lambo, mansion and supermodel trophy wife" thread...but I guess that can't go in a trading forum.
looking to trade strategies- looking for swing trading strategy, have a scalping for trade( net you about 8- 15 points a day minimum conservatively, max is up to you) get you about 10-20 setups a day. risk is capped at 2 points rewards 3-5 points. In and out trades and trades don't last longer than 5 mins average.
Intraday, setup system to work for STRONG market, lose a little when wrong, make a lot when right, currently it's lose a little or make a lot, but not enough so over stay welcome and end up hitting SL. Could of banked $250 area profit, but instead all 3 trades got left to SL and -260 sucky life!! Last Trade hit SL on the money and dropped 50pts
Hi guys! I've increased my position by 50% so about 15k buy in now from before where I daytraded with 10k cost basis. Of course I have more than 25k on reserve to avoid the pdt restriction. Let's see how long this success lasts! Yeehawwwwww
So, you are scaling up. This is good. This is bad. Your successes should humble you, not lead you to narcissism and pride. Respect money, or it will destroy you.
I think to me my trading account is just numbers on a screen. I do not have debt or kids so money doesn't bring me much happiness except the thrill it brings. The most frustrating thing I find with daytrading is that it is hard to grow and expand like a business unless you risk more and without growth I feel empty. Six years of averaging low 100ks and I'm ready to move up. And I figured might as well make the most of it in case/before Bernie decides to kill daytrading with his outrageous .005 transaction tax. I know you guys think I was trolling but I'm not. Daytrading is the only thing I have to look forward to and that gives me excitement in my life.
If .005% is going to kill your or anyone else's "daytrading", you're not serious at all. Let me put that in perspective for you. If you make $1,000,000 with that tax in effect, you pay $50. If that is too much for you, send me your money and I'll trade it for a bit more, but you won't be paying the government all that tax to pay off loans for kids you hate, who are in debt. lol!