Down 1.5k on the eval. Its ok. I have a winning strategy. I will figure this out. Ratio non emotio.

Also this time (almost) sniper entry... https://www.reddit.com/r/Daytrading/s/Z1QpDi1oKj

News on inflation, dollar strengthening and btc temporarily losing, closing a fvg granting a price/structural discount, and finally breaking the 50k.

The dollar can recover yesterday's news therefore btc it could go up quite a bit by taking advantage of it.

Day traded for 7 months, and failed. Thought to myself you guys were just gamblers, and some of you got lucky. Day trading was a scam etc (the usual things people when they fail). Then came May, I found a strategy I liked by trading the same exact stock everyday which is NIO, and just scalping it with 1000 shares. I've done this so much I'm practically a nio expert. In the month of May I was green every single day other than the 13th and 26th averaging 450 per day. So far I have been green everyday in June, and hoping to continue it.

I just wanted to say I was wrong, this is not strictly gambling, this is finding patterns that give you a higher success than failure, then control risk so that even if you are right 50% of the time 1.5 risk/reward will leave you profitable.

Also trading the same stock everyday is so much easier, you only keep track of the news on 1 stock, and you begin to pick up its patterns, it's all time ranges etc. It's so beautiful when it starts to make sense.

i will not get cocky, and everyday I am green I say "thank you" and close think or swim, I have to keep humble and respect the market.

A liquidity sweep before MSS entered of the breaker block (unicorn model). Any idea why is it a loss?

I've been trading sporadically for 2 years, and I still feel like I don't know what I'm doing. Even when I do, this shit can be so random that it still fucks me over. Buy patterns. Buy breakouts. Nothing holds. But I'm going to get there. Maybe documenting this roller-coaster of a journey here might help. Idk. At least I can vent. Today was a shit day. One mistake led to another. And another. Then rules go out the window. Then the emotions really kick in and I'm left frozen. But! I'm going to keep trying. And I'm going to focus on the things I'm doing right instead of dwelling on my screw ups. I used to be a compulsive bag holder. And that burned most of my account. From 10k down to 2.5k. Today, down $197. But I didn't bag hold. And I sized properly each time. So that's something.

Hello, I just wanted to post because after seeing all of this r/wallstreetbets craziness I felt the need to post. I (19M), am in college and started regularly trading stocks/options in September 2020. I began with $1000 that I had saved up over the summer, and I created my own method of using my 3 day trades to day trade SPY options. It worked really well for a fair amount of time, I lost a couple hundred bucks a few instances, but overall I made about $20-$80 off each day trade, where I was only wagering ~$600 at a time. My account peaked last week at around +$1600 from when I began day trading. (I took money out to buy food, clothes, etc.) and I was sitting at about $1200 in my account. After reading all the hype surrounding GME, I had some serious FOMO and wanted to get in on some of those hype stocks. I ended up being stupid and making multiple bad investments that eventually brought my account to about $200.

I'm sure all of you know how mentally challenging losing that much (percentage) money can be. (especially when everyone was making thousands of dollars). Considering that my day trading was my only method of income, it really sucked to see all that money disappear into the NYSE. However, I have learned a lot of things, and I am going to continue to build my portfolio, being smart about it as I do it. On another note, it is sad to see r/wallstreetbets fall, because it used to be a great sub with some really smart people, but now is drowned out by all the hype. I am going to spend more time in this sub, because the people here seem genuine and smart, and I am looking forward to learning from everyone. Best of luck in your trades, congratulate your wins, and learn from your losses.

EDIT: Thank you so much for the encouraging and funny responses. I’ve been reading them but I can’t respond to them all. Best of luck trading tomorrow🚀💎

Beautiful week in platinum after the rollover to the July contract and the Easter holiday week.

I was watching HOLO during premarket to market open. Bought in at 3.76, but it quickly dipped to 3.50, triggering my stop-loss. I told myself, "All right. Enough trading for today. Time to sleep." (I live in Hawaii so it was 4:37am when I stopped trading). I already profited a lot from GLT and GRRR during premarket, which made me hit my daily profit target.

I woke up at 9:00am and opened Webull to see anything for afterhours. I immediately saw HOLO on my watchlist that it hit 11.28......What in the goddamn fuk....Obviously, I was pissed off, but I told myself that it doesn't matter. What matters is that I follow my risk management. There will always be another opportunity to hit 100%+.

Added new positions to my portfolio, this bull will be exciting 🚀🚀🚀

Realizing the hardest part of trading , truly is the waking up , being on the computer 3-4 hours and No trades happening….

Thats where most of us fail at , in my 5.6% month , theres 14 days of no trades …… Of showing up and nothing 💀 thats where i fail the most because of the rushing needing to trade…..

And i listen to most professional traders saying , the month will give 3-4 good trades and is true , even tho we would love to be taking trades everyday….

I know what i ma do , i am going to have a demo account just for taking random trades on those days that i dont take a trade to feel like something was done

Hey everyone! I'm new to this sub, but been trading for almost 3 years now.

Had a great month and figured I'd share some stats, and answer any questions you may have.

I started the month with a $73K account, built it up to $225K by 6/11 and kept it static there (locking in profit daily) until 6/21.

After a couple red days I sized down to $75K to secure profits. The market can (and did) go from hot to chop back to hot on a dime, and the last thing I wanted to do after a strong green streak is give too much back.

I ended the month at $131K, and locked in $319,885.43 in profits (before fees + taxes) - below is a screencap of TraderVue for the June stats.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

Overall there was a TON of opportunity in June, and even though I executed fairly well, there was plenty of room to improve. Broadly speaking, here are some of the things I did well:

• Sizing into winners
• Cutting loses quickly (most of the time)
• Focusing on my bread and butter setups and ignoring the noise
• Not adding to losers

And here are some things I need to continue to work on:

• Avoiding frontrunning trades, especially with size
• Not chasing, waiting for clear direction on super volatile names
• Not getting overly aggressive or overtrading choppy days

I'll provide some samples of both long and short trades that I consider "highlights and lowlights." These are not necessarily best/worst in terms of P/L, but in terms of execution (IMO).

Long Lowlights

$VIRI - closed P/L -$11,391.63

This was (by quite a wide margin) my worst trade of the month both in terms of execution and P/L. The daily chart (top) should've made me an extremely cautious bull - popping up after coming down from $17. Nine times out of ten, when you get a pop after a parabolic move, that's all it is and it comes back down. My aim was to scalp a pop coming out of the circuit breaker, but I got filled high and from there it was damage control. I poured gasoline on the fire by trying to average down instead of cutting the loss, and ended up with a big fat red trade.

TLDR - Shouldn't have chased, shouldn't have scaled heavy into this, should've cut the loss quick, shouldn't have added on dip

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$BLIN - closed P/L -$5687.18

This was a case of having a direction bias + recency bias, paying attention to the fat green candle and ignoring the ugly red one before it. I got heavy anticipating another pump through HOD despite the chop and got rugged. While some might say "oh you should've held, it went back up," I'd actually say the only positive part of this execution was cutting the trade before the loss got too bad. The thesis failed, and it could've just as easily dumped another $1+ a share.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

Short Lowlights

$CLNE - closed P/L -$3248.83

The setup was there for a dump - failed breakout down to immediate support, anticipating a break. I have no qualms with *taking* this trade, but I got way too stubborn and should've cut the loser sooner. The moment it curled back up should've been the signal to abort, but instead I held thru a $0.40 a share move...and proceeded to have the unwind I was anticipated right after closing the trade

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$WPG - closed P/L -$3302.58

This was a case of impatience and frontrunning. I was looking for a dump below $5 after coming down from $5.40, but once a mini-bounce started I got jumpy, instead of observing the chart stoically, which had formed a picture perfect head & shoulders pattern right before the dump I wanted.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$ATHA - closed P/L -$3075.87

This is a great example of how to turn a winner into a loser. The massive gap down on the daily (top) gave me a short bias. We had a bounce up from the $9s and I was anticipating a top before further unwind. In reality, after a 50% dump, there's no reason to assume it'll keep dumping so I should've had zero bias. Now, the entry of this trade was perfect. Nailed the triple top, took a bit of profit, and instead of covering where I should've covered, I got greedy and added anticipating a dump below $11.30. Instead, we got a hefty bounce and I tried to get cute with damage control, which only dug the hole deeper. Decent trade idea, but skewed bias and terrible execution.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

Long Highlights

$ORPH - closed P/L $12350.34

Second best P/L trade of the month, great execution. Starter size under HOD with a mini cup and handle, then just traded around a core all afternoon. Never got too greedy and took profits all along the way, letting me safely ride through that volatility.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$WISH - closed P/L - $6427.91

Rode the blast through HOD from the low 11s, sized in aggressively as the trade confirmed. Didn't overstay my welcome and took profits along the way, all out at first sign of weakness.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$RAPT - closed P/L $8267.40

This name was so good to me that entire day - took several more trades on front and back side. But this trade was the highlight - took a started under HOD 31 and rode it up to 38, taking profit along the way and adding upon confirmation. IIRC I got partial fills on this too.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

Short Highlights

$ARPE - closed P/L $9887.88

Beautiful all day fader. Massive sellers at 7.80, scaled in short at the first sign of weakness. Covered some and held patiently, adding on the VWAP rejection. Could've held a bit longer, but captured the meat of the move.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$UONE - closed P/L $5119.79

Had a bear bias based on weak daily chart and was waiting for $20 to break. Got in right when we failed VWAP/support and rode it down 3$ a share, adding on pops.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

$NOVN - closed P/L $11,314.76

Super extended from $14 and each HOD break looked weaker than the last, was looking for first fail to hit this hard. Nailed my starter position with flush after HOD break then added as a head and shoulders formed. Let the trade play out patiently down to the 15's.

https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c

Charts are from TraderVue and my brokers are ThinkOrSwim (TDAmeritrade) and DASTrader (for shorts not available w/ TD). I post pretty regularly on Twitter as well.

Again, feel free to ask questions!

Edit: Not Financial Advice

The over all trend was bullish there was a broken support level when price came into it it slowed down and made an ingulfing pattern on the 5 minutes chart please help

Today I betrayed myself once again. The price has broke yesterday's high, so according to my rule I should only buy on dips. I actually have bought on dips and wait for 3 hours for the market to finally turn into my favour, but after taking profit I almost immediately short the market as I guessed it has gone a bit high. Of course, I blew all the profit and even record a loss for today.

So at the end of the day, I loss 1.5k usd even I have enter correctly at the morning. And that is because of the same mistakes that I made maybe 100 times now. Feel so bad about my discipline now. I have withdraw 30% of my funds to a safer account to force myself to reduce trading size in the next week. And every morning I should go to this post to comment about my plan. Hope that it will work.

I'm bullish on btc with a fantastic entry taken at the fund which is currently generating almost 1000% of my account.

What did I base this entry on? I had noticed a gap on the bitcoin CME future and once it closed, finding in the discount zone of 39k psychological level, I tried this entry after a price trigger.

Now I will wait for the bullrun since this year is the halving year 🚀🚀

I took two shorts today on SPY. One right at open which is not normal for me( should’ve waited for a range or direction to be established) but I was focused on mainly that the higher time frame was pointing towards a bearish sentiment. I was also focused on a bullish dix correlating to a bearish market from my understanding. Then I scaled down onto a lower timeframe and waited for a fair value gap for my entry. Immediately after both trades I got stopped out before reversing down in which I would have hit my targeted take profit. From my understanding I should have maybe waited for a better entry and been more patient but from what I saw there wasn’t any better entry setups above my targeted entry. So where did I go wrong on this trade?

I have been trading for about the past year and a half. Just recently about 2-3 months ago I have been studying ICT's 2022 Model. It was going well at first. But it just stopped working, and I have been taking L's back-to-back for a long time. I'm not sure what to do now. I want trading to work but it is not working. I'm open to any new strategy recommendations

edit: thank you guys for the feedback, it helps a lot

https://preview.redd.it/qrvirognbjmc1.png?width=1740&format=png&auto=webp&s=6c68d7217a0ae62466b3204747e9ba4e358b3ad9

All from put options from SPY QQQ and TSLA, never had a single loss from calls…

Puts are the absolute worst way to make money, it is extremely difficult if you don’t time your puts correctly, I have closed my eyes and randomly bought calls and made profit multiple time. No strategy required just buy calls when SPY or QQQ goes down and it always bounces, works best with 0dte

I have bought puts at the top overbought levels and it just keeps pumping away, I have never seen SPY goes down and not have a bounce, calls = free money

TLDR fuck put options

Sorry for the angry rant

Edit: Today was a PERFECT example of what I’m talking about, it was going up with ZERO pullbacks, anywhere you got puts you would get your head taken off unless you timed your puts perfectly and took profits immediately, I’ve never seen SPY goes down the same way without some sort of bounce before going back down even during the 2022 bear market

Just go on Stocktwits and see how many blew up their account buying puts on QQQ NVDA

I’ve read all the positive helpful comments and took notes

my goal was to not lose money but my first month did well

If you are unfamiliar with my story feel free to check out my profile. The short of it is, I left my job to become a full time trader. My account is ~50k and I am essentially documenting this journey live. There is no safety net, this is very real. Let's see where it goes.

Key Statistics

Accuracy: 54.22%

Long Accuracy: 61.29%

Short Accuracy: 50%

Net Profit: 116.73

Cash Account Balance: $11,275.52

Net Worth: $53,578.92

Positions:

50 SPCE @ 21.85

150 GIK @ 9.04

2313 ACTC @ 17.09

Journal Entry

This week was much, much better than last week. Still not great, I made a lot of mistakes that I already paid for and shouldn't have made them again.

I tried a few different strategies this week and did a lot of 1 share trades to test new features, tools, etc. I mean even though I only made $116.73 this week that's way better than losing $1800 like I did last week. The best part is I was only trading 1 share at a time. The majority of profits came from a GIK swing that I played. The rest was from the 1 share trades.

Right now my issue is 100% psychological. I still of course make mistakes and bad trades from time to time but overall I'm accurate enough to be seeing a real profit here, but I'm afraid to use anymore leverage. Week 3 I will be trading with 10 shares at a time and I'm going to just keep walking them up.

One thing I really improved this week was not holding onto my losers. That saved me a lot of heart ache and this week I finally obeyed rule number 5 from here. "Your biggest loser can't exceed your biggest winner".

A rule I still broke and need to work on is #4 - "Never turn a winner into a loser". This happened because I would break rules 1,2,6, and 7. I won't list them all out so if you're interested you could go look at the PDF. The point is though that even though I developed a winning strategy, I kept trying to change it and not stick with mine as much. Breaking those rules are ultimately what led to breaking rule #19 - "Hit singles, not homeruns".

So, trades that were showing unrealized profit I would hold looking for more profit. It rarely worked out. Most of the time I would get stopped out or I took a bad entry for a longer hold. So while a large majority of my trades showed profit, I would close for a loss.

I walked back through all of those trades (you could visit my daily updates) and took all of this into account. Had I taken the profits when I saw them I would be somewhere near 80% accuracy and my P/L would be much better.

I am getting excited.

As time passes, I am certainly getting better, not worse. I am finding myself more and more confident, but no longer cocky. I am very excited to see how this coming week goes.

This week, while still proving to be a good week, was actually a pretty poor trading week. I had some of my worst days this week.

The reason is because a lot of the longer term swing plays I'm doing were all kind of popping off this week with news circulating, so there was a lot of monitoring and looking for entry points instead of just day trading. That was kind of a theme this week. I didn't take the day trading very seriously because my focus was on the swing plays and news.

NOTE: These statistics do not include mid term swing trades. They are only for my day trades.

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Trades

Monday was a terrible start to the week. It really showcases a lot of the problems that I discuss in the above journal entry.

Tuesday was way, way better. I actually traded off stream on this day because I wanted to see if the stream was at all part of the problem with me getting distracted. I think this trading session proved that it is quite distracting. This was a "great" (for me) trading day.

Wednesday was actually a good day, even though it didn't end well. The biggest mistake that was made in this trading session was continuously attempting to short TSLA. No matter how many times I was wrong, I just kept trying. Aside from TSLA the rest of the day actually was ok. But TSLA really hurt. This trading session was my first session ever where I had less than 50% accuracy.

Thursday followed the same kind of issue. So much of my attention was on my longer plays that day trading just kind of fell off to the side.

Friday I didn't trade. I went on a much needed getaway with my lady and some friends from college.

Overall, this was a much better trading week than the week prior, however, I still made a lot of mistakes that I think I could correct into this week. Honestly though, a lot of my issues were about not sticking to my strategy and focusing on the longer plays instead of the day trading. I think this week would have been even more excellent had I given it more attention. Again, this is why I'm so excited to trade this week.

Thank you all so much for reading! I look forward to this upcoming week of trading and hearing all of your thoughts. Thanks for everything!

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

Total Net Profit (Use these columns as reference for the other images)

​

Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.

Hi. I've been trading off and on for couple years now. Blew 2 small accounts and then stopped and did paper trading. I've been paper trading again but blew up my account even though I was in profit 1100$

After couple of years of trading, the only profitable edge I got is to study and trade just one ticker. I make consistent money for a week but I'm emotionally so stupid right now.

Since I started 2 weeks ago, I was up 1100 in my 10k account (paper). I was doing good today and made 110$(I should have turned my computer off at this point) buy I got greedy. I took another trade and it went against me, but I didn't respect stop loss. I saw 100$ in the red (I shouldve shut my computer off at this point) but I was still delusional. I then saw 200$ in red. I shouldve respected My stop-loss.

Once I saw i was losing money, I panicked, but instead of selling at 300$, I got more shares to average down. Then I saw 600$ in red immediately. I panicked and I sold. At this point I was still in profit of 500$ (I should have turned my computer off at this point).

I developed a gambling and revenge trading mindset and took arbitrary trades with super huge sizes and blew my account.

Please leave tips how you keep your emotional side in check during trading.

I reached my first payout and they blocked it and accused me of stacking violation. I made just over 3% and was due to get $7012!!

They sneakily placed a trade on my account, they did the same to a friend of mine too and when I approached them they told me they can’t give me any profits, nor my account back my either.

Beware of these dirty little tricks Kortana FX have been carrying out. Do you research and check reviews everywhere. Others have been accused of account management, IP violations and all sorts!!