Learn To Take Losses

You have no idea sir, And the hubris of you posting this thread, as if you are the super guru of losses is fantastically hubric.

Check yourself, friend, before you dare to "give advice":-\

 

Guilty as charged.

My apology to everyone offended.

 

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I would have ignored it;
but SCHW message i got, was easy read=option errror.
I did some datrades on it ,not options , but DJT.
I use cash ETFs, some SPY, occasional SPXU, cut loss on that spxu today + good to see it go down/means SPY + SPXL+ re lated went up.Options are made to be sold ,like Don Bright DaytradingCo noted . Super traders may do ok ,may do even better with something different.
But one fun option incident, closed a nice profit in QQQ options ,[years ago] had plenty of profit so used a market order.To my horror, somethng went wrong.
Called up Options eXpress + said ''what gives ?"' They said, dont worry about it, tech trouble, we are working on your orderLOL.
Wondered if they woud rip me off?? God bless them.
Actually i got a much better fill, amazing some hours later

 

I thought DJT was a digital currency I can use to buy sneaker, bible, etc.?

 

It is the TOS.

3 days on paper trade, I am trading like a market wizard. But I think it is due to instant fill not my skills.

 

Been there, done that, it didn't work for me.

Now I tend to move my tests (after some thinking, watching, tinkering, more watching, etc.) to real micro positions asap.

IMHO, it's better to lose a bit of money during the testing than losing (much) more money later when the paper testing does not live up to the expectations (for whatever reason).

Best trading to all

 

Humility is a good thing but don't put yourself down. Ain't good for your trading psyche.

Anyway, why not place your order with the slippage in mind? For example, enter your long order at $36 instead of $35 (not that slippages are usually that wide)?

 

Thank you again, you and @tomi01, @birdman... all tell me the same thing. I hear you all loud and clear.

I talked to Schwab, they told me I will be in the last group to move over to TOS. I am still playing with, testing the platform.

 

Don't know how to do that scalping with tick chart.

There is a built-in bid/ask slippage which you cannot disable or change when you trade market orders.

The sim software has a 500 ms built-in delay in fill, (and a 1 sec delays in quote), which when I disabled both, produced superior results. With them produced inferior results.

 

Sorry, you explained this before, now I remember