@TheBlueBMs You know what is annoying? I bought XSP puts yesterday before open for today and they were down 80%. I donโt them today when they were back to 25% I would have made 400% ๐ญ
Added $VSAT 7/17 $75 call to the challenge account. One contract at an avg of $8.20.
This is a flow based trades from the Momo Edge AI teams scoring system.
@MomoEdgeAI@khawatmiTradez
Let's see how it does. It had a score of 84, high conviction flow.
@spxdegen I mean there are pros and cons. I always preach to everyone to learn how to read the basics of a chart. Iโm by no means an expert and get it wrong but I feel like for me personally this is a game changer.
A new age of trading comes out tomorrow. This PDT rule is a game changer. Small account traders with more than $2K in their account no longer have to take a calculated risk to determine if "this is the right trade" or sit there and hope it works out and if it doesn't, wait till the next day.
Now, they can jump in and out, as they please. You can truly scalp in and out fast. This will enable typically good day traders with small accounts that struggle due to cash account rules and PDT restrictions to become insanely profitable. I for one as a small trading account cannot wait! I have another account (separate to my challenge account) that I trade under $10K that I truly believe that I can now make a mark. Get in and out for 5-10% or more and find the next trades. I don't have to worry as much about if this trade makes sense or not. Obviously I don't want to lose but I can now dive in, and out, and find the next without having capital restricted till the next day.
Excited to turn my small accounts into large accounts!
Going all cash for two reasons. First market looks weak and to swap the account for the PDT change that comes in tomorrow!
Current account balance is $4,563
Still an insane return for 5 weeks from the @MomoEdgeAI@khawatmiTradez trades