Any Traders on here?

[BONER]

Who here is trading? What markets do you trade? How long do you hold your positions? What tools do you use? How are you doing this year?

I trade stocks. I’m a swing trader, don’t trade options and I don’t have any crazy strategy. I buy low and sell high. Try to keep it as simple as possible. Been trying to implement some intraday strategies but don’t have that dialed in yet. I use Vantagepoint for my predictions. I’m up 32% so far this year.

 

[DoughBallin14]

I have long term monthly paid dividend stocks That have been stead up/down all year, only really gaining my dividend payments, and dabble a couple times a week in options using price action mostly.

Tesla,qqq,spy,meta,nvdia,amd and a few others.
tOs, robinhood, and interactive brokers are the platforms i use.

A buddy of mine does day trading as his career and he trades as a scalper / momentum trader. He lets me know sometimes on what he has levels on.

Hard to say how i am doing for the year last i checked was around 15% ytd.
Got caught in a bear trap for meta last week swinging a single contract and put me down a little bit. But got it back today on tesla.

 

[farmo83]

I tried doing intraday stuff and got smoked. I honestly don’t have time to watch everything at work and it’s just not worth the risk. I’d come back from a meeting and be down 40% etc.



I’ll trade stocks and a few options. Option wise I like doing cash secured puts to acquire shares but I don’t like doing them when the market is choppy or falling so I haven’t done many lately. I’ll do some covered calls/fig leafs but it’s normally small. If I feel strongly about something, I’ll do LEAPS on them.



As far as stocks I do my own research, seeking alpha, Meet Kevin has a good track record with me as well. I also work in energy trading for my career so I leverage that however I can on a macro perspective. I normally just buy an hold until my view on the position has changed. Also I try to not have a million positions open at one time. No more then can monitor fairly easily. I try to only acquire on red days.

I think I'm at 25% on the year. The pull back since July has hurt my LEAPS but they expire Jan 25 so i'm still leaving them open.

 

[traquer]

I don't know anyone personally who makes a consistent living year after year as a trader. To me it's like a casino, it's more fun than it is profitable.

I do know a lot of successful investors though who just bought low and held on for a few years or more

 

[BONER]

I don't know anyone personally who makes a consistent living year after year as a trader. To me it's like a casino, it's more fun than it is profitable.

I do know a lot of successful investors though who just bought low and held on for a few years or more

They’re out there. All over the place. I talk to them every day.

At this point, I’m convinced every successful Trader has had their teeth kicked in and brought to their knees, atleast once.

My old man retired a few years ago and has been trading for 7 years. He consistently generates 10-20k / mo. BUT, he’s taken his hit. I haven’t yet. Waiting for the shoe to drop though, I’ve only been trading for 18 months.

 

[traquer]

They’re out there. All over the place. I talk to them every day.

At this point, I’m convinced every successful Trader has had their teeth kicked in and brought to their knees, atleast once.

My old man retired a few years ago and has been trading for 7 years. He consistently generates 10-20k / mo. BUT, he’s taken his hit. I haven’t yet. Waiting for the shoe to drop though, I’ve only been trading for 18 months.

Me too man, we have a chat group with my business buddies and some of the guys share some good tips and wins. Check out the one below, $100k in a month, and lots of 5 figure days.

But all of these guys are successful in other things, this is just a hobby for them. So what I see is that without pressure it's an easy way to make money. But 100% what I've seen is that those guys that tried to do this for a living, and gave up all other businesses, got SMASHED. Every one of them. So just a little warning I guess, is don't give up your day job.

This is close to my heart, because one of my closest friends lost $500k in trading the past 3 years and his wife just found out.. Bad times, he got addicted while covid shut his business down, so he thought he would learn to trade.

 

[FlyByWire]

I took a couple courses on the subject, and I now day trade SPY and TSLA options.

Staying disciplined and getting a feel for the whole thing, but doing very well so far.

 

[BONER]

Me too man, we have a chat group with my business buddies and some of the guys share some good tips and wins. Check out the one below, $100k in a month, and lots of 5 figure days.

But all of these guys are successful in other things, this is just a hobby for them. So what I see is that without pressure it's an easy way to make money. But 100% what I've seen is that those guys that tried to do this for a living, and gave up all other businesses, got SMASHED. Every one of them. So just a little warning I guess, is don't give up your day job.

This is close to my heart, because one of my closest friends lost $500k in trading the past 3 years and his wife just found out.. Bad times, he got addicted while covid shut his business down, so he thought he would learn to trade.



View attachment 1285676

You nailed it. Without pressure, it’s fun. I love hearing about the success stories!

It’s no different than building and running a business. It takes time and mistakes will be made and you will get slapped in the face once in awhile. Learn from it and don’t do it again. AND, just like any other business, if you’re good at it, it pays.

Wall Street is in fact the biggest wealth generating machine in America, and always has been. All I want, is a piece of it. I’ll probably trade forever. It’s incredibly fascinating and it’ll never go anywhere. Congress uses it as income, so you can count on it sticking around. They may try to control it some more, but they’ll never get rid of it. Flexible too. Can do it from your Laptop, on a beach.

 

[clarence]

If it were easy, everyone would do it.

 

[185EZ]

My strategy is solid
When I sell a stock I will tell everyone what it is
It skyrockets after i sell every time lol
AMC

 

[PaPaG]

Most successful day traders spend a ton of time doing their research even more time spent on following momentum trends. Funny, some stocks that I would NEVER ever hold long term have made the most money on daily, hourly and even by the minute trend... One of my FAVORITE sayings is by Buffett and I have followed it for a long time and so far done amazingly well. ""Be fearful when others are greedy, and be greedy when others are fearful."

 

[PaPaG]

My strategy is solid
When I sell a stock I will tell everyone what it is
It skyrockets after i sell every time lol
AMC

My biggest loss of potential profit was exactly like you said...I bought a crap load of TSLA two different times within a 10 day trading period, sold it all and bought it again. Made a really nice profit and was so happy, told a few close friends.... low and behold after I sell it and and sitting pretty, the stock goes up, up up up up up up by 200%. Even though I made a crap load of money I was not a happy camper.

 

[COCA COLA COWBOY]

I was day trading a lot last year and doing quite well. I was betting on a lot of inverse ETF, but that was up until I lost $48k in one day when Biden said the market was great and only going to get better. The market rallied and I lost big in two days. I walked away and watched from a distance and about 45 days later I was back to where I was. I went from trading 1000's of shares to about 100 and only on the swing. It's just not that much fun at 100 shares.

September is always a bad month so I bought SQQQ at $17, but sold too early at $19. I will just back in big, but only after the elections. Too much politics right now for me to bet on this administration. I think we are heading downward, but it will be volatile on the way down.

 

[BONER]

I was day trading a lot last year and doing quite well. I was betting on a lot of inverse ETF, but that was up until I lost $48k in one day when Biden said the market was great and only going to get better. The market rallied and I lost big in two days. I walked away and watched from a distance and about 45 days later I was back to where I was. I went from trading 1000's of shares to about 100 and only on the swing. It's just not that much fun at 100 shares.

September is always a bad month so I bought SQQQ at $17, but sold too early at $19. I will just back in big, but only after the elections. Too much politics right now for me to bet on this administration. I think we are heading downward, but it will be volatile on the way down.

Sorry you took that hit. That sucks. However it sounds like you’ve put it behind you and are ready to move forward. Love it.

I 1000% agree the small positions are tough when you think about the money you’re leaving on the table. What helps me is thinking back to those paper accounts I blew up getting greedy. Lol

What I think the biggest challenge in the markets is, staying disciplined. The reality is, all Traders are greedy. That’s why we’re there. To make more money. Balancing that greed with risk management is really tough for the human psyche, because we’re emotional based beings. Money makes us sleep better at night.

 

[PaPaG]

What I think the biggest challenge in the markets is, staying disciplined. The reality is, all Traders are greedy. That’s why we’re there. To make more money. Balancing that greed with risk management is really tough for the human psyche, because we’re emotional based beings. Money makes us sleep better at night.

Well said. I could not have said it better.

 

[FlyByWire]

What I think the biggest challenge in the markets is, staying disciplined. The reality is, all Traders are greedy. That’s why we’re there. To make more money. Balancing that greed with risk management is really tough for the human psyche, because we’re emotional based beings. Money makes us sleep better at night.

Yes!

FOMO gets a LOT of people in trouble for sure. I’ll never go full time with this, and I have hard stops regardless of where any “watchlist” shows the trade going… but fear of getting out of the position right before it takes off is hard for a lot of people to overcome.

 

[BONER]

Yes!

FOMO gets a LOT of people in trouble for sure. I’ll never go full time with this, and I have hard stops regardless of where any “watchlist” shows the trade going… but fear of getting out of the position right before it takes off is hard for a lot of people to overcome.

Another thing that seems to get Traders in trouble, is home runs. I want Traders to hit home runs all the time, but that’s just not reality. But after a couple of em, it’s really really tough to not start breaking rules and getting cocky. And it seems like almost every time you go big, predicting a home run, you make a small mistake and blow the trade up because all you’re focused on is the fence. Should be focused on see ball, hit ball.

I’m 110% convinced that the better you get at trading, the more home runs you’ll hit. All goes back to being patient, paying your dues, and getting good at your craft, just like any business that makes money.

 

[BONER]

Anybody on this forum make a killing with COVID?

 

[bentprops]

Anybody on this forum make a killing with COVID?

Bought SLV OTM leaps March 2020, made 800%
I trade about 1 hr per day, my goal is 30% return per year, i tend to come in somewhere in the mid 20%. I run a cash account. I use a few different strategies. Most days i just watch. I have spent 20 years and 10's of thouands learning.. I have read a 100+ books on investing and it has worked out good, so far.

 

[BONER]

Bought SLV OTM leaps March 2020, made 800%
I trade about 1 hr per day, my goal is 30% return per year, i tend to come in somewhere in the mid 20%. I run a cash account. I use a few different strategies. Most days i just watch. I have spent 20 years and 10's of thouands learning.. I have read a 100+ books on investing and it has worked out good, so far.

Badass!

Sounds like you’re hooked, like me.

The Markets make me smile. Bull or Bear. There’s always an opportunity and that’s what I love about it. It’s the true definition of America.

 

[Orange Juice]

Anybody on this forum make a killing with COVID?

Pfizer calls. Never played calls. My brokerages told me hell no!
I have no experience. Late March of 2021 I opened up a Robinhood trading account w/ $2000 I got back from my tax return. I heard Pfizer was getting approval for their COVID vaccine, and I bought I think 200-300 calls. By September, I had $92k and done with Pfizer. By February 2022, I had paid my “windfall” taxes, and spent $35k on tearing out my concrete driveway, replacing it with pavers ( plus hardscape). I had about $30k left,

I'm 62, and did well in my early life buying with my 401k plan, a private pension, paid off my house at 55y/o. I'm someone setup for decent retirement, yet Im still out there working, because my niche is still in demand, and Im too cheap to pay health insurance until I reached 65.

I turned the remaining $30k into $15k before jumping all in on First Republic puts in last week of February of 2023, and by May 2023 had $125k. I pushed it another $25k over the last 2 months with Bink charging puts. I've got $150k. I'm going to have a big tax bill for 2023, so most of it is rolling over in short t-bills now, but Im still going to playing with $15k.

I don't think it's good Idea to manage all your money for the most part. If I didn't hit big the first time I would have quit. I still have all my assets managed, except the Robinhood account.

I'm not a professional, or even close. I should not be trading options. It's more like gambling to me at this point.

 

[farmo83]

Anybody on this forum make a killing with COVID?

Yes I actually caught the falling knife.

I moved our life savings into cash right before it hit, watched things burn to the ground and bought back into covid plays 90 days later. It doubled in about6 months. Had I held onto my tsla longer would maybe be 3 or 4x by now.

I wanted to do the same thing in early 22 but talked myself out of it not wanting to get greedy. I totally should have lol.

 

[badgas]

Small percentage of traders actually make money, Just like a small percentage of gamblers make money.

You have to find out what the winners do and see if you can fit in that group. You must be educated on the process and you MUST have emotional control. You have to be able to handle the swings and you also have to be real about your wins and losses. We all hear the winning side of trades.

Obviously it can be done but like any other form of success it will be hard work.

Good Luck !

 

[BONER]

Small percentage of traders actually make money, Just like a small percentage of gamblers make money.

You have to find out what the winners do and see if you can fit in that group. You must be educated on the process and you MUST have emotional control. You have to be able to handle the swings and you also have to be real about your wins and losses. We all hear the winning side of trades.

Obviously it can be done but like any other form of success it will be hard work.

Good Luck !

The actual statistic is 90% of Traders are losing money or breaking even.

The reality is you haven’t won or lost until you’ve stopped trading. You can win it all back or give it all back at any given minute, of any given trading day. Guess that’s the exciting part. Lol

 

[bentprops]

Trading has 4 possible outcomes, Big wins, little wins, big losses ,little losses, You only have to control 1, Big losses. If you control Big losses little wins and little losses cancel each other out. That leaves you with Big wins. Turn off the tv its all lies, and read books or watch edicatioanl utube stuff.

 

[BONER]

I’ve been working some different intraday strategies via paper trading. Gotta tell ya, only thing I’ve had luck with is TSLA. My tools are designed for swings so my target entries / exits are way off but I’m learning to use some different indicators in my tools and it’s worked for TSLA 3 times in a row. That makes it a trend.

Not comfortable enough to trade my money with this yet, but the daily price action on that stock seems to work in my indicators favor.

Tough gig, this intraday deal. A lot of stress, and in my case, a lot more analysis.

Trading TSLA scares the shit outta me. Huge outlay in China and they are in fact in a recession. I don’t think I’d ever have the balls to hold that bitch over night…

 

[bentprops]

1000 stratagies out there. Don't reinvent the wheel. It already works fine. Just find the one that works for you.

 

[DoughBallin14]

I’ve been working some different intraday strategies via paper trading. Gotta tell ya, only thing I’ve had luck with is TSLA. My tools are designed for swings so my target entries / exits are way off but I’m learning to use some different indicators in my tools and it’s worked for TSLA 3 times in a row. That makes it a trend.

Not comfortable enough to trade my money with this yet, but the daily price action on that stock seems to work in my indicators favor.

Tough gig, this intraday deal. A lot of stress, and in my case, a lot more analysis.

Trading TSLA scares the shit outta me. Huge outlay in China and they are in fact in a recession. I don’t think I’d ever have the balls to hold that bitch over night…

I play tesla pretty often. Man it is volatile!! Been burned plenty of times

Usually make my moves based on price action and like to see a break and then retest of a level then buy in give it 2 to 3 candles to make its move and cash out no matter the gain and or my stop loss usually in the 10-15% range. Respect the stop loss rule and never let a green trade go red haha. Ill do 2 contracts on i average andock in a gain and leave a runner for a bit longer and my stop loss would be break even.

I did not play today but man i had to resist FOMO had price targets set to just no confidence in today. Price over 261.99 then had targets at 264.5,and 268.61


Hardest part is keeping it simple and finding the right support and resistance levels. And following your rules.
I tend to bounce between the 1m and 5m charts and looking at es/nq and atr(average true range).

This book was suggested to me a year ago and i need to get back to reading it and truly understanding it.

You can read it inline here or buy it on amazon

Reading Price Charts Bar by Bar (PDF) - 16.93 MB @ PDF Room

Reading Price Charts Bar by Bar - Free PDF Download - Al Brooks - 476 Pages - Year: 2021 - charting - Read Online @ PDF Room

pdfroom.com

 

[farmo83]

One of the companies I hold declared bankruptcy yesterday, awesome !!!

It was a small lottery style play. Today my biggest position is up double what I lost on the bankruptcy deal.

 

[$hot]

Who here is trading? What markets do you trade? How long do you hold your positions? What tools do you use? How are you doing this year?

I trade stocks. I’m a swing trader, don’t trade options and I don’t have any crazy strategy. I buy low and sell high. Try to keep it as simple as possible. Been trying to implement some intraday strategies but don’t have that dialed in yet. I use Vantagepoint for my predictions. I’m up 32% so far this year.

What is vantagepoint?

 

[BONER]

What is vantagepoint?

https://www.vantagepointsoftware.com/

 

[BONER]

Since a war just kicked off and I heard Blinken say we’re gonna supply Isreal with ammo, might wanna keep your eyes on those Defense and Ammunition companies….

 

[BONER]

I’ve found success with intraday trading NGD this week. Super cheap so everybody can play.

 

[JJ McClure]

 

[shintoooo]

Picked the right put (SMCI) at the right time today and followed it up with the right call (LLY) at the right time. . That was fun.

 

[BONER]

Get it!

 

[BONER]

Jeez. Rough few days.

Anybody here holding NFLX or TSLA?

 

[DoughBallin14]

Jeez. Rough few days.

Anybody here holding NFLX or TSLA?

Played tesla put swing from yesterday. Sold mid day for 400 profit.
Reinvested it into my Tesla shares to average down around 213$. Per share

Average share price for me is now 229.79

 

[BONER]

Played tesla put swing from yesterday. Sold mid day for 400 profit.
Reinvested it into my Tesla shares to average down around 213$. Per share

Average share price for me is now 229.79

Market plays Her games, we play ours.

 

[$hot]

Panw has been good for me

 

[dezrtracer]

Picked the right put (SMCI) at the right time today and followed it up with the right call (LLY) at the right time. . That was fun.

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View attachment 1288421

Damn good brother !! I need to learn from you .

 

[PaPaG]

THANKFULLY October is OVER...market is booming today...hope December/Christmas rally starts real early this year