$1M+ in 8 trading days! I successfully transitioned myself to a large cap trader in 2022. I mainly traded in the small cap last year and I was able to bank more than what I could imagine due to the market condition. But I always knew this transition will be needed at some point.
** Trading Tip **
End goal should always just to be 🟩 green.
Yes, flashing big PnL and huge RR is nice, but it's secondary to being consistently profitable.
The attached was my same response to 2 different traders today.
#TradingTips
Beautiful PA today! Copy traded 300pt move across personal and funded account. Unfortunately forgot to cancel early exit order on Topstep Live account so only caught 50 points on that account 😩. Alternatively, my Personal account had 5 micros instead of 1micro, so up $3000 on the personal!
Don’t usually hold trades for this big of a move but 5min Heikin Ashi chart gave me no reason to exit early.
After 7 years of trading this is what ACTUALLY works for retails:
1. Fundamentals & global macro cycles for long term bias.
2. Volume profile and Gamma/Charm/Vanna for areas and volatility regime.
3. Orderflow timing.
4. Quantitative analysis
5. Automatic risk management
If I had to start over with $3,300
I’d only buy 50K S2F/Direct accounts.
5 × 50K Tradeify S2F
5 × 50K Lucid Direct
Getting payouts from just 2 accounts would put you above breakeven.
Then, copy trade across all 10 accounts. A payout from every account could return 10× your initial investment.
Plus, you won’t waste time passing evaluations since these accounts are already funded.
Repeat the process.
Your biggest edge isn’t your setup.
It’s your ability to repeat it.
Example:
Give two traders the exact same strategy.
One follows it 100 times.
The other changes it after every three losses.
Only one will ever know if it actually works.
@MetroTrade15529 My biggest advice is to focus on consistency before trying to scale. In the beginning, your goal shouldn't be making five figures a month. it should be proving that you have a repeatable edge. Once you're consistently profitable, increasing size becomes much easier.
June Recap: Another solid month with 7 figure profit !!
It was another insane month with lots of crazy moves such as $gme $nvda $rivn $mlgo and $mbio.
Unlike May, I was well-disciplined, selective, and patient. I had three red days, but overall, it was a pretty stress-free month for me.
In my opinion, being consistent is one of the key factors in becoming a successful trader. To achieve consistency, it is essential to be disciplined, selective, and patient.
Hope everyone nails July !!
$162K+ The market took a heavy dive as expected. It was a busy day with tons of plays. I cut my size significantly from last year. I would have had a much bigger P&L if I sized up like last year, but I'm happy with my current size.
Mainly traded:
Large cap: $tqqq, $amzn, $tsla, $nvda, $amd
Small cap: $tivc, $osrh, $mrm, $apvo
Had a pretty good read overall, except for APVO. I didn’t expect them to pull an offering in pre-market while so many shorts were still stuck. I got dumped by the offering while playing on the long side, then flipped to short, and they walked up the bids. Should've known it was a sketchy play. Oh well.
Overall, very satisfied with today's performance!
Why I trade $TSLA every day.
I've been getting a lot of questions on why I mostly trade $TSLA.
Here are some of the main advantages of mastering 1 ticker:
🧵- / Thread / - 🧵
#SPY#ES_F
1/10
Timelapse of these trades.
Individually, these trades are not impressive at all, but you know what is impressive?
Consistent. Weekly. Payouts.
Just support and resistance with a negative RR.
okay so I did my taxes last night and it's as bad as I thought lol
I owe ~$60k from prop firm payouts this year
nobody talks about what happens AFTER you start making money from props.
here's everything I've learned about taxes, LLCs, deductions, and not going broke (thread)
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