Good Morning!
Set Rules:
You need to createย rules and follow them when the time comes. Create a trade plan based on your risk-rewardย tolerance for when to enter/exit a trade. Set a profit target and put aย stop loss in place to take some emotion out of your trading.
This. I finally found some ppl in real life who I can have unfiltered conversations with and they have insightful input and don't change the subject. Had to go to ATL and get out of the small town. Unfortunately small town, small minds, less opportunities....
To the trader that needs help:
Please be patient during your trading journey. It is very stressful and will test your emotions daily. Remember to preserve not only monetary capital, but also your mental capital. Itโs a marathon, not a race! Youโve got this. ๐ช
Options for beginners starter pack:
โขTrade $QQQ, $SPY, $AMD
โขCash account $500-$1,000
โข1-3 OTM at most
โข.3 delta or higher at least
โข~15% SL
โขStick 3/5/10min for daytrades
โขLEARN Supply & Demand
โข9/20/200 EMA
In PDT jail for 90 days on one of my accounts ๐ฌ
my options account is down 60% in past 4 months ๐คฆ๐ฝโโ๏ธ
but my crypto wallet still ๐ฅ
and my long term portfolio is up 40%
@StonkTrafficker We have the same 3 top core values integrity, loyalty and commitment to self growth. Was really important to me.
Yeah no petty stuff ever. Lame af. No one has time for that. Use your words or go do something productive/self care.
I live in a loft in an old factories.. love it. Just dropped cheesecake off to the front desk lady...
Also I'm making our huge mail room into a skating ring for my kids birthday party..
Sometimes you gotta ask for forgiveness not permission.