I scale up into as many as several hundred shares, though rarely. I made 9k in 4--5 weeks with most positions less than 50 shares. Lots of small positions and sub $40 stops. I much prefer to make $1000 in a day with 20 x $50 wins, and tiny stops/ breakevens than swing for the fences and blow up, which I used to do. That's the most valuable tip I can share.
Sure. Today was choppy as fck til end of day, not worth daytrading. Btw "in" days like today suck, and fwiw often mondays (except recently) fridays are low volatility. Btw great job on making Anything today, the whole morning was tough and choppy af .. kudos My goal today was to build swing positions for weekend hold. So I bought premkt, skipped the morning altogether, and added into the closing dip, right before the eod run. My stops on swings are always to scale out just under prior days low. Daytrading stops usually 40cents, depending on instrument eg spxs for wide range tvix sdow I use several points
Yeah I like Emmett, we talked on the phone, in his review he said I'm one of only 5 educators he found with proof I really trade. Love his site #1 complaint for years my traders had is I kept bashing my bs competitors bc they have zero proof they really trade. Thx to Emmett I stopped that, he does a great job of exposing bs educators which most are
Wow. I couldn’t have been more polite and sincerely happy you’re having a good month. I just asked a couple questions. No hating or flaming. Good luck to all.
$700+ in one day is very solid. Not sure what issues people have. Curious, how do you use $TRIN in your trading compared to VIX?
Of course you have to size down. The only way you can get size in this volatility is when you’re getting run over. That being said, almost every trader I know had their best years in 2000 and 2008, and are slaughtering March. So sizing down doesn’t mean making less.
Agree, point taken... the main reason I'm here as sponsor is not to sell stuff, I'm at near record high subscribers, it's to publicly pressure myself to trade larger size, so comments like clubbers are exactly what I need to hear