As of Friday I have a profit of $12,133.32 (17.90%). I’ve been working on that MACD strategy, trying to figure out how to edit it in TradingView. I got it to where it only trades Long below the zero line. (I can’t short shares) and has a take profit of $0.20 for CLSK. In the strategy tester it does still close positions for a loss, and I’m not sure why. It doesn’t look like it is adding the trades together and trying to get a profit for the whole position based on the trading time stamps. So I am not sure what's going on and I don’t know how to program, but it's good enough. I’m getting the signals I want now, the Take profit was just a bonus so I could see the strategy as a whole in the tester. Blue Line is the Buy and Hold performance for those of you not using tradingview. And you can see that at least on the minute chart it underperforms. That changes as soon as you go to the 5min chart or higher. Below is the 5min. Since the 1min chart only tests from Oct 14th to present I’m going to assume that based on higher time frame performance (5min, 1 hour, 1 day, 1 week) that over a longer time the 1min will also outperform the stock. Until we have more data we can’t say that it wouldn’t match the other time frames. The most interesting thing I found was using account equity to determine position size actually did better. I don’t understand it either, all other things being equal you would think it would take the same amount of trades and just be better marginally along with the increased number of shares. Trading 10% equity is something I didn’t consider, but I do like it. It doesn’t change the strategy as a whole but it adds scale into it. It does make it harder to set a target amount but that was somewhat arbitrary. I picked a $4 target because if I can make $4 a day then there is no reason I can’t make $400 a day. I also thought I was going to be limited by PDT rules but that’s not true either. I knew Robinhood let you turn that off and on by switching from a margin account to a cash account. I thought that was all your accounts but it turns out you can switch each account independently. I can switch back and forth within certain rules so I can work my strategy as intended. So $4 a day is still a minimum I’d like to hit, but I wouldn’t consider that a target. Its still a worthy goal. The only difference between $4 and $400 is scale. If you can’t make $4 consistently you're not going to make $400. $400 a day puts you right around $100K if you trade everyday, that’s a full time job. Really $58 a day is the Federal Minimum Wage in the U.S. ($7.25 x 8) so anything over $15K meets the minimum wage requirement for a full time job and now that I googled that I will never let you guys forget it and will from now on be expressing my YTD profit in hourly wage (40 hours x 47 weeks) which is currently $6.45/hr. I don’t think I’m really putting 40 hours a week into this, even 20 seems like a stretch. But part time (20hrs a week) I’m making $12.90/hr. That’s a solid part time job. I unloaded trucks at Fedex and that was 4 to 5 hours a night at $14. I don’t know what they make now that was at least 10 years ago, maybe 20. Anyway, I'm not going to be off on Wednesday this week, my schedule is different because of Thanksgiving. I also don't know if the markets are closed, I know they are open Friday. I'll be back then to at least update my option trades. Not sure about day trading this week, my only day would be Friday so I might just take this week off.
Quick Update: DG went ITM but I was able to roll it to the 12/6 $87 (from 11/29 $77) and still get $66.94 for my trouble. Earning are on 12/5 so if it jumps above $87 on good earnings I'll have $1284.11 (15.90%) I think I'll let it go if that happens. That's 16% in 45 days, if all else holds up it'll push me up to around 19.5% for the year. Close enough right? I also had a few hours to kill at a backhaul so I tried trading some CLSK. I kind of winged it with a trade. Robinhood mobile only goes down to 5min, I don't know how accurate it MACD is, and I never played with the strategy on a 5min chart to set a Take Profit. I picked $0.35 cause I was trading 12 shares and that gets me $4. Took one trade at the end of the day even though CLSK was in a downtrend and its still open, entered at $14.82 Sell Limit in at $15.17.
Finally home again. 68 hours in the truck so far this week and I'm going to do another 12 or so Friday night. Still holding that one CLSK trade from Monday but I was able to take the second trade with 13 shares and get $4.55. The other 3 I was either unloading or driving, but its nice to see the potential is there. I was going to get my soapbox out but I'm beat. Friday I'll be back working on my options trades. Might get a little soapboxy but I got a lot going on this weekend so I can't make any promises.
Today was mostly house cleaning. I had a bunch of small positions in Schwab, I think it made up about 8% of my total account so I went through and sold everything to free up capital and just simplify everything. I sold out of BP which freed up enough capital to also sell out of AFRM. BP ended up netting $37.81 (1.25%) I will be getting dividends for another $47.50 sometime in December so that’s roughly 2.8% for a month long trade. AFRM was sold at $69.03 giving me a profit of $923.98 (27.21%). That one was opened 5/10 so a little over 6 months. I did originally sell a 11/29 $68 call to get it assigned and then I realized that was dumb I bought it back and made a few bucks there too. With those and all of the small positions out of the way I had 11K free on that side of Schab. It wasn’t enough to close out TSLA ($13K for that), but I don’t really want to take on a new position right before the end of the year. I ended up doing a Buy/Write on PLTR, I bought in at $66.73 and sold the 12/6 $66 strike for $2.17. For everyone keeping score at home that will give me $142.51 (2.14%). I could have just sold a Put, I know that. I just don’t like doing the math on Puts. I don’t like how it boosts my percentages when I roll to a lower strike. I feel like I’m getting a false sense of how well I am doing if I just roll lower. It no longer reflects the true amount of money I have working in that position over time. That’s just me, and I’ll still use Puts to enter positions but I’m trying to stay out of positions until February and then reset everything at one time. At least that’s what I'm going to try to do. MACD is still going strong. I really thought it might close the open position, I think it got within a cent or 2. I just let it ride. I took a trade this morning off the 1min chart. I watched the 5min as well but it was above the zero line most of the day. First trade was good, missed a second trade but it didn’t quite make it to its TP so I doubled up on a 3rd trade and it was good as well. I went back through and logged all my trades so far and I’ve made $21.05 (1.06%) in my first 2 weeks with 1 open position. 0.5% a week is 26% annually, and I know there was more on the table this week that I didn't take. I thought about doubling my position size to 20% of capital. That still gives me some chances at bat before getting tied up. I don't know yet. Robinhood still offers a 3% match to contributions to their IRAs so that makes it the most attractive place to put my money. And now that I'm past major purchases of materials to finish the garage I'll be putting a portion my paychecks in to my accounts. I'm also probably going to move money from the brokerage side and max out my IRA contribution (and I get 3%). All that would get me away from CLSK so I don't want more money tied up in it then I need to. Have to wait and see what DG does next week. I'll look at that next week, as well as look at unwinding HOOD, HIMS, and IWM. I didn't get to those today. I've shifted my focus on really getting set up for next year. I think with all I learned this year I can do better.
I think I need one of those caps, you know, the ones you keep feathers in. Got a late start today, had a quarterly driver meeting at work, so this afternoon I cleared out my IWM and HOOD trades in my Schwab account. HIMS has one more week so I’m just going to let it go. So everything will be wrapped up except TSLA, it's just too big, I’m going to have to wait it out until Feb. With IWM I ended up with a profit of $2232.63 (9.96%). Not great for 10 months, but I'm not going to complain about it. HOOD I ended up with $336.55 (12.22%) in a much more respectable 2 months. I could have kept trading HOOD and would have probably done well but I’m making some tweaks for 2025 and I’m trying to get as flat as possible to avoid interference from carryover. I finished up in Schwab with a Buy/Write, 200 shares of NVDA at $143.84 with 12/6 $143 calls for $398.66. As it sits that will be $230.66 (0.8%) come Friday and NVDA is still above $143 What else was I going to talk about? Feathers… right. MACD is still chug-a-lugging along. The outstanding CLSK trade closed. I switched over to HOOD and made a few trades over there, did a trade on NVDA, and even picked up another CLSK trade today. All of them were off the 5min. I think that’s my happy place, 5min charts. I don’t have to focus on it, but I can still find something everyday. Currently I don’t have an open trade, so far I’m up $38.65 (1.95%) I was looking into finding a bot that did this but it doesn’t seem like Robinhood is the place for that. Maybe I’ll find a programmer and have something made, but it’s not high on my list of priorities. I'll be back Friday for more fun an adventure, still waiting on DG earnings and I'll check in on PLTR and NVDA. I think I'm closing in on 20% as well so get the champagne ready.
Just came across your thread. Welcome to ET. Looks like you are doing well, keep it up. I like your attitude, work ethic and a family man to boot. I know you will succeed. Merry Christmas and Happy New Years to you and your family.
So close! $13,468.55 (19.88%) I’m $149.04 short of 20%. Just got to Happy Gilmore it into the end of the year. “Tap it in. Tap Tap Tap-a-roo.” I had such high hopes for DG. When it dropped I took the opportunity to roll my strike down to $77 for $125.94. Of course, DG rallied after leaving me in a position once again potentially leaving a position below entry but with a profit. Come end of day tomorrow if DG stays above $77 I’ll exit with $410.05 (5.08%) after about 6 weeks. I bought it at $80.76 so I’m getting really good at not using appreciation. I could try and sort something out before the end of the year, but I’m above board, not interested in carrying this into next year if I don’t have to, and trying to go flat-ish. I have to add the -ish cause I also rolled SQ into March. I couldn’t help myself, it bumped my potential return from just under 18% to 26.94% for an extra 3 months. I might reverse course on that again before the end of the year. MACD, which is a wonderful strategy and everyone should use it (that’s my new position on it). Had another successful trade Wednesday on HOOD and I missed the first trade today that was successful so I jumped into the unsuccessful as of now second trade. Looking for $40.16 to get my $2.50. Don’t worry though, I’m going to start moving some money around soon and at least get enough money in there to have a proper safety net for HOOD. I’d like to max it out (add another $6300) . I have until April to do that so I’m not in a rush, but wouldn’t $6 be more exciting than $2.50? There are open seats on this bandwagon. 2.5 weeks, $40.15 (2.08%), not even catching all the signals. Anyone? Bueller? Bueller? All else being equal that extrapolates out to over 40% yearly. Seriously though, I think I can set it up with IB (I think I have an account over there already) and use webhooks from Tradingview to automate this. I just don’t have the time to invest in sorting out the details. I haven't looked into why it closes some trades as losses, and I have no idea how to fix it. I’d have to either sort that out or study the logs and figure out exactly what its doing so I understand whats going on before I release something into the wild like that. Tomorrow I might try and trade with the MACD, I’ve been dragging my feet with work in the garage because I don’t like the cold. I may just set my options and work out there, I only have until June to button that up. That’s all I got.
How many Old Fashions can I drink (I use 6 oz pours at home) and still trade effectively? I feel like this and other important questions along this line aren’t being properly answered. Maybe one of these Fridays I’m not running a Swap I’ll look into it. I leave at midnight tonight so it's not today. Its on my mind since I was trying to make a bottle of Old Fashion for Thanksgiving, but I waited until day of and ended up not having enough simple syrup. I made some but it was still hot and I didn’t want to mix it hot, probably wouldn’t have affected anything. So I still have all that chilling in the mini fridge. Anyway… I looked at rolling DG and I just didn’t want to. I should try and stop making midweek adjustments. I think my track record on midweek adjustments is pretty bad, especially rolling down. Still walking away with a profit, so I can’t complain. I also looked at SQ but I’m still fine with it. Over in Schwab I rolled NVDA up and I looked at PLTR but the gap is too big so I’ll be doing something with it Monday. I could have waited and did the same thing with NVDA but I try to limit what I need to do with options to my days off. This lets me at least look at charts and see where I am as far as cost basis. But since I am also a successful day trader on top of being a successful options trader let's talk about my MACD strategy. It was an extra special payday Friday this week, and the first payday I am not hoarding money for the garage. I put $350 into the Roth IRA that is the MACD strategy account from my paycheck and I moved another $3000 from after tax Robinhood over to the Roth as well. I’m breaking this down and sharing this so I can tell you money I add goes to the bottom line. $350 was added to the money I started the year with for purposes of giving my YTD performance. I think that’s fair. Right now this only applies to the MACD strategy because I mostly want to max that Roth account out every year. But it will be the same standard I use with all the accounts. The $3000 is one account to another so it doesn’t change the bottom line. I’m not going to tell you everytime I add/move money around, but you’ll be able to see it when I do screenshots and I want to be transparent about how I am tracking my performance and try to be as fair as possible. Before I did all that I did open a second trade off the 5min chart for HOOD. I’m going to treat this one and the one from yesterday as 1 trade if it isn’t filled today. 5min is currently above the zero line so I jumped down to the 1min chart and took a trade there. I decided I wanted to establish a limit to keep away from choppy markets of 2 trades opened a day. Previous days trades don’t count, and to extend this somewhat halved the position size on when trading the 1min chart so 2 trades there is 1 of the 5min chart trades. I think that’s a good balance of being able to play with the 1min chart on my days off and still add some limits. Right now, Im looking at the idea of combining trades over the weekend to whatever robinhood says my average is and set one take profit for the whole lot. That’s the most convenient way for me I think. Well, I forgot to post this earlier. Plus I bought 200 shares of HOOD in Robinhood and sold one $40.5 call and one $41 call for 12/13. I did this on margin anticipating most of that will be wiped out when DG is assigned. PLTR I bought the Call and sold out replacing it with TOST.
Score one for the 24 hour market. MACD sold a unit at 11:39pm, still one open. I’m a little bummed, I was excited that HOOD was pulling back cause the premium is pretty high. Just itching to dig myself out of a hole. Oh well…Goal for tomorrow is to NOT roll anything. HOOD and NVDA options trades are down about 4% and I am just going to ignore them until Friday.