DrakoTrades

small cap day trader

[DrakoTrades @DrakoTrades]

+$16,217.11 on the week 🟢🟢

Beautiful guidance by @PlayBookTrades

Have a good weekend!

[DrakoTrades @DrakoTrades]

There is some confusion here, the restrictions we're talking about is Schwab started to disallow some tickers to be traded through them due to "high risk". You can call them to remove that restriction so you can trade every ticker freely. What you're referring to is the ban on hyperscalpers. That's completely different, those scalpers would take 100-600 trades daily and abuse the free commission Schwab/TOS offered. They said it was "toxic order flow" and that those trades statistically were likely to lose money for the market maker. To sum it up these fast trades didn't position algos or market makers to hedge or profit from spreads, turning what should be a win-win into a loss for the "house." I believe the ban on that is permanent.

[DrakoTrades @DrakoTrades]

@DThomasStealth @PlayBookTrades Here’s my April if you wanna see some red. I put my time in to get where I’m at ✌️

[DrakoTrades @DrakoTrades]

Monthly PNL: +$59,011.84

Green sweep month in small caps 🧹🧹

Thank you for your guidance PBT ❤️ @PlayBookTrades

[Casper @casper_smc]

Trading is hard, but there’s no way I’m letting another man tell me when I get to eat lunch for 40 years

[DrakoTrades @DrakoTrades]

@amberXBT pretty much all rigged, just gotta move right with the puppeteer

[DrakoTrades @DrakoTrades]

slower month of august but compounded my base hits, thinking we see some heat start flowing back in small caps soon

[Casper @casper_smc]

What happens when traders stop trying

[DrakoTrades @DrakoTrades]

@MXDayTrading Do you still hyperscalp or holding positions longer?

[DrakoTrades @DrakoTrades]

@TyroneLopez_ @R7_35 ��

[frankyboyz @frankyboyz]

I talked to a friend on the phone today... he was bit down.

Maybe it's life hitting hard sometimes, maybe it's just getting older, or maybe deep down we're all a little afraid of uncertainty.

I told him this:

Remember, You have two choices:

Play the game, risk it all, embrace uncertainty, and step into your true potential.

Or stay still, trapped by fear, and forever wonder what could have been.

Winners don't wait, they dare.

Don't live your life standing still because you're afraid to lose. Move forward because you're hungry to win.
Put yourself in the game. Bet on yourself.

You owe it to yourself to find out how far you can go.

That’s what I told him, that’s what keeps me alive every day, that’s what everyone should never forget imho.

And now, goodnight… to me.
It’s past midnight here.

Love
Franky

Ps. God… Bali is really making me reflective 😁 I need a banger this week ahahaah

[DrakoTrades @DrakoTrades]

@SmallCapSmarts Besides sports mentioned, a lot of the top “new gen of traders” are competitive gamers. Trading and gaming go hand in hand imo, any competitive activity growing up I think plays a part in the competitiveness of trading and wanting to be the best version of yourself.

[DrakoTrades @DrakoTrades]

@SmallCapSmarts The trading farmer. He’s the founder of the strategy

[DrakoTrades @DrakoTrades]

@KruseSports_ @MattTradingTips

[PlayBookTrades 🎯 @PlayBookTrades]

I am a day trader.

All the stocks and ideas I have mentioned and am going to mention will always be for short term gains because that is what day trading is about. It could be a play for a few minutes to maybe 1-2 days, longest is a week, depending if the trend works out, unless otherwise mentioned.

Regardless of whether the play is a few minutes to a week, here are some hard rules I have for myself everyday;

1. TAKE PROFITS ON THE WAY UP.
It’s a simple concept. Some of you guys here don’t do that because you’re greedy and you want to find the next $TNON or $GME. You could be lucky with it but those happens very rarely and from experience, you”ll lose most of the time if you’re greedy.

2. NEVER LET A GREEN TRADE TURN RED.
This is very closely related to pointer 1. When you take profits on the way up, you have to make sure that if the setup breaks down, you need to get out of the trade to keep your trade green. Yes, there’s always going to be the possibility of the play rebounding but it’s not a guarantee. There’s also a possibility that the play just dies all the way, which is a higher probability of it happening since they are small caps. Always remember that there are no WHAT IFs in trading because we cannot see the future. If it starts looking good again after pulling back, then you can always re-enter.

3. LEARN TO CUT LOSSES.
Now this is something that many of you guys over here don’t do. When you trade, you will have to accept losses. It is part of the game. If you can’t accept or take losses, you should never be in the financial markets. When you don’t cut your losses, you open up the chance of you becoming a bag-holder. When that happens, your funds are tied up in that particular play and stops you from looking at new opportunities that may run crazy.

4. TRADE THE CHART, NOT YOUR P/L.
Too many new traders trade WHAT THEY WANT TO SEE, not WHAT THE CHART IS TELLING THEM. Trust me, if trading is about what you want, everybody would easily be rich doing this. The financial markets does not care about your needs, your wants or your feelings. Get that into your head.

5. DO NOT ALL IN A PLAY.
Trading’s all about probability. There are many plays daily with potential to go but not all of them will do the same. And for those plays that goes, some goes 20-30%, some may go 500-600%, depending on the market and the chart. Essentially speaking, don’t give up the entire forest because of a tree.

All these rules are what I respect every single day to make sure I don’t blow my account up and increase my chances of profitability! 📚

[DrakoTrades @DrakoTrades]

@SmallCapSmarts @Kinfo haha well whatever you do, good job keeping those losses tight

[Mr.Twentyeight @Mr28trades]

Who’s a trader ?