I've been a member for a couple of weeks now and have not only made several months' worth of membership, I've learned the trading style that best suits me. The constant guidance is amazing. Thanks @EliteOptions2 !
@kmtradez And seems like it isn't strong enough to keep pushing, I may go ahead and sell. Otherwise I might wait for the next support level down and hope for a bounce, but if you count on that you'll end up losing premium 75 percent of the time.
@kmtradez Usually support/resistance levels. If I'm in a call and it's approaching a resistance level, I may sell into momentum when it is close to testing the resistance. On the flip side, if a stock breaks through resistance and I buy, but it falls back below the resistance
@kmtradez Patience and keeping emotion out of the equation are key. Trading for the sake of trading is how you bleed your account. I usually wait for a tiny bit of extra confirmation before I enter as well
BTO 4x AMZN 3250c $9.23
STC 4x AMZN 3250c $4.60
-$1852
BTO 7x TSLA 570p $7.18
STC 7x TSLA 570p $13.57
+$4,473
BTO 2x TSLA 550p $4.1
STC 2x TSLA 550p $7.43
+$666
Image says I made more than I did, I think because I was down on tesla puts at open but I added to my position today.
10k->50k challenge
Day 3 +$2627 π΅
12.8k/50k
What a roller coaster. Some puts were from yesterday. Trades in my reply below.
Thanks again @EliteOptions2 for the levels and guidance. I'm still learning a lot every day, and becoming more confident as I go.
@smallaccttrader
10k->50k challenge
Day 1: didn't have much confidence in my trades, didn't make many and sold quickly. Preserving capital is better than a loss.
+$134
10.1k/50k
This week I'll be starting a new challenge.
10k -> 50k
I'll be starting with a little over 10k, but I'm going to try to tweet daily on this one, be it a red day or green day. Trading strategy will change with the market and will be mostly intraday trading for now.
A quick day for me, played off of QQQ and NVDA. Only had about $1400 BP today but I took advantage of it.
+$889
Thanks again @EliteOptions2 for the insight and levels!
@jeyyy_beee@EliteOptions2 I followed his public twitter for a while but I subscribed a little under a month ago. Started this challenge recently to help keep track.
2k->10k Challenge
Day 15: + $555 π°
Total gain +191%
5.1k/10k
Today was more about quick levels for me, although strength in tech helped as well. Thanks @EliteOptions2 for the guidance!
$BA $QQQ $CCIV
@truthpr33048505 @TwinsightPro Swap to a cash account and the pdt rule does not apply. You will have to let funds settle before making trades the next day though, or you will get a good faith violation.
@TwinsightPro Another question: you suggest paying yourself out of your profits on a schedule. When starting with a small account, do you still recommend paying yourself or is waiting until you hit a certain threshold better?
@LiStyleEngineer $1770. I would he almost at my goal already but two or three bad trades have set me back. I'm still positive for each week though, which is nice.
2k->10k Challenge
Day 14: + $616 π°
Total gain +157%
4.5k/10k
This week was pretty tricky but I still managed to grow my account. Thanks @EliteOptions2 for the guidance!
$NVDA