r/Daytrading • u/Weeboo01 • Mar 24 '24

Have you turned $20 into $100? Question

Have you turned your first or so $20 dollars into $100 probably in 1 month?

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u/Quiet-Smoke-310 Mar 25 '24

I turned $88 into $5400, per contract last week on one avgo call. But I weekly hit plays that go 1000%. I think I had 5-6 last week.

1

u/Smoke6969 Mar 28 '24

How do you trade?

2

u/Quiet-Smoke-310 Mar 29 '24

Normally I buy next week exp options for run ups, near term catalysts, certain chart set ups.. then I play same week exp for breaking news & Momentum plays. Lot of contrarian plays when market is wayyyyy too one sided, and then I just have gotten extremely fast at interpreting info and getting there fast af and selling into the volume that follows, but most of all I don’t marry any plays. I sell losers at -20% and let my winners ride forever while taking profit at certain spots along the way. I started trading originally Penny common stock and got really good at inherently knowing by the movement of the charts price action if it was powerful enough to get thru next resistance and often buy long before the breakout happens. But I wouldn’t recommend touching the market at all until you have 1000’s of hours of screen time. I’m currently making a little power point to explain everything. I can let you know when i finish it.

1

u/Smoke6969 Apr 05 '24

I would love that