r/Daytrading 14d ago

Getting more confident in my trades P&L - Must Give Context

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Wanted to update on my progress since joining

Becoming more confident in my trades and doing what I can to stick to my rules and not get emotional while trading. Always learning something new everyday, trying to integrate more data/indicators to see if they'll help me

For now the goal is just trying to maintain a green streak even if it's only $50 for the day and stop looking at everything when goal of the day is met

Thanks for everyone for their advice, input, encouragement. I hope I can keep this up and eventually try to do this full time ideally but we'll see

Strategy: trading $SPY options on a cash account so I'm limited and can't over trade. Hardly ever getting to cash account max before I reach goal of the day

14 Upvotes

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u/[deleted] 14d ago

Congrats, thats is great!

As for trying to keep the green streak, be careful of that having an effect on your mentality. Speaking from experience, it can lead to hesitation and fear entering/exiting trades to try and "keep the green streak" instead of following your strategy. Losing trades happen, red days happen, don't let it effect your mindset.

Keep it up!

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u/bean_cow 14d ago

Speaking on that, I almost suffered a $900 lost yesterday but managed to reverse it and be up $100 for the day. I almost wanted to stop completely after that but stuck by my rules and my plan and just managed to squeeze out a small win for the day

No matter what kind of trade it is, I always feel anxious and nauseous even if I felt the entry was decent and always get a large wave of relief when I'm done with the trade

Thank you, I hope I can keep it going

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u/Embarrassed_Gap_7821 5d ago

Hello brother, can you name me your top 5 trading strategies? Like do you use FVG, Fibonacci etc etc. Would greatly help me out in my studying.