made $23,060.16 this morning.
that’s about $40,000 in the past two trading days. withdrawing it all tomorrow.
giving away $1,000 of it to a random person who retweets this and follows me. posting winner in 24 hours.
$SPY You absolutely can lose by taking profits. Don’t let that generic ass saying fool you. You gotta have great r/r and let your winners run when you are right
$SPY lose small. Win big. Study every chart of the past 6 months. Find r/r setups. There’s many out there. Candle patterns, engulfs, Covid fib levels, etc.
Taking a trade because you have “profits” to play with is dumb.
Not taking a trade because you have made “profits” but your setup is there is also dumb.
If you have an edge over 100 trades, what happens over 1 day is irrelevant and should not affect your decision making.
$SPY
I win. I move on.
I lose. I move on.
I don’t let my day’s P&L affect my entry into the next trade. It’s stupid. If my setup is there I play my normal size with my normal take profit targets. I don’t change a thing.
$SPY
$SPY the hit rate on my trades has been semi-low the past week or so. It happens. There also weren’t many setups for a few days. However, I kept my losses very very small. I had only ONE setup today and it was a winner and more than made up for the past week.
My risk to reward is awesome. I completely revamped my take profit system. My setups have basically been on a cold streak which happens. One winning trade today overcame 4 losing days I’ve had the past week and a half!