Trading is not easy. Takes time to learn. Be truthful if you are making profits or losses. Within 1-2 months of starting to trade, if you are posting that you made a fortune, you are kidding yourself - not any of us. You will never grow. God bless.
Canโt make this up and tasty can verify then numbers. This is the small account from 3 months ago or so... Focussed trades, smaller size/positions with many deep in the option position on many. Still within PDT limit. Thought of sharing.
1. Trading is a marathon, not a sprint
2. Don't get carried away with someone posting massive gains
3. Read my pinned tweet for some weeks/months
4. Remember 1,2 and 3 - period
Blessed evening.
$FSLY weekly flagging. Monthly flagging. Inside week. Like it over 87.22 on weekly terms. Measured move is very large if it pans out - I am talking about over 117, near 145 to start with then 190.
@AOTtrades
If everyone has the amount of patience with respect to sitting in hands like
@traderstewie
, we will be much better traders. Admire Stewie, his work and wealth of knowledge he shares without any bias.
$WORK is one of the top setup I've seen this week. Noted this and mentioned to
@traderstewie
last week also.
Has a beautiful IHS on daily begging for a breakout. Targets 32.37, 35.04 then 42.78. Like a move ideally over 30. Stop - Daily close below 21 SMA.
@AOTtrades
Are you kidding me? Scanning some option flows and $NIO 19,000 Oct/9 expiry 23 calls bought today. Plus volume shows over 23,000. Am I nuts or someone expecting a huge move?
Inside day + bull flag - setup definitely there if it wants to explode.
CC:
@AOTtrades
What I am doing different and if it helps you can try too:
1. Not micro-managing any positions. This is
#1
change.
2. Risk defined prior to entries, targets outlined (fibs for just reference).
3. When swinging, not looking at every tick.
Feels like $TSLA $TTD $ZM $SQ would be my top picks along with $GOOGL $AMZN going into next week. Reviewing charts - might just post a list of names of interest rather than individual charts for want of time.
$PLTR No fibs no nothing. Simple gap fill above with a potential initial shot at 34-35 out of a potential abandoned baby pattern. This is a very long term play for me. I will sell calls against common and sit tight.
A downtrend, bear market = yes.
Easy to short? = You tell me. If you tell me yes, then it is complete BS.
For me it is even tougher than picking a bottom. You need a crap load of patience.
Tactical plays working. For me to buy here, there is not much R/R.
$LK Beautiful pattern. Breakout, retest of prior breakout, flag formation + inside up daily. Clean retest and bounce off of 8 EMA on weekly.
Great eye
@traderstewie
Taking a week long break starting tomorrow from twitter. Too much noise, attitude & my focus waning a bit. Stay safe folks. Blessed night and rest of the week/month.
Glad to be alive today. A long running Tornado for over 100 miles was a mile or two away from us last evening. Way too close for our comfort. Counting our blessings.
If you are new to options, this site gives you a lot of good strategies and how to... This is where I went when I learnt many years ago...
Good books are:
@harmongreg
book:
Also
@ivanhoff2
book:
This happens once in a way to everyone. Donโt cheat yourselves. 3 good trades and 1 trade wipes 75% of the gains for 2-3 weeks. Take time off, analyze, relax & rejuvenate & come back with better focus. There are some who always post wins,not me. Enjoy the long weekend. God bless.
I still don't understand why many traders (newbies/intermediate/experienced) use way too many indicators. It just muddles your entire thinking. And I know there are some who sell a bunch for exorbitant $$$. Why? Some of them are just a mix of 2-3 indicators.
Never had the strongest feeling of moving out of the US. No idea why but the last 2-3 weeks, this feeling has grown. As an American citizen, I can move anywhere I want to.
Hello folks!
Thank you for all those who reached out on the stream, DMs, and beyond. Humbled and appreciate all the
#FF
. Very tough period on the personal front and needed some time alone and hence staying away from the stream.
Donโt waste your time here in Fintwit talking about irrelevant things. Spend quality time with your family. They need you, not garbage politicians. Blessed night and rest of the week.
Been posting charts/thoughts for many years for โfreeโ. I know many have been used in many private twitter feeds or chat rooms or even in videos they make as though it is their find. This will stop or reduce to a great extent in a few weeks when I start my Subscription service.
Top Follows in no specific order from my Stocktwits days until today plus a few more. Hashtag for this below to search for future use. Respect to everyone who share here with no bias whether or not you have a subscription service. I've added a collection.
#sssvenky
#TopFollows
Wonder why newbies want to trade every day and want to be in every trade.. Monitoring some chat streams in a few trading rooms - careful. You don't have to trade everyday to make money. Period.
Taking a break from the stream. Want to focus on trading and making $$ not politics and arguments. Will post anything relevant if required. Blessed week all.
ASM AIFA Genesis box approaching 6 ETH floorโฆ
ASM Brains 4.8 ETH currently, hit 4.89 recently..
But the star out of the blues is starting to be ASM AIFA All-Stars..
Watch your $ASTO ladies & gents.. Only gets better.. Game is on..
@altstatemachine
5th consecutive year where Iโm spending my New Yearโs Eve with my family at home. No alcohol either.
Healthy food - Avocado & Jalapeรฑo sandwich with Blueberry milkshake.. Feel good.
Prayers soon at the stroke of 12... ๐
Best time to take off, else over trading will kick in.
Thanks for all the follows, interactions, DMs and all that you folks do. Blessed weekend all. Be safe.
2 things I focus on always:
1. Missing a trade for me is perfectly okay. I want price to come to me, not the other way.
2. Making money is not that difficult. Keeping what you made is very difficult.
Focus, patience very important.
Tomorrow is Quadruple Witching. If you've never traded one especially in a downtrend like this, please preserve emotional/mental capital first more than anything. You will get chopped if not disciplined this elevator down & catching a falling knife will do more harm than anything
My P&L has started to work better since the time I stopped any and every lotto type trades.
85-90% screw up with 10-15% may work. 100% risk - how much have I lost trying this earlier this year or last year? Great swing trades then this. Boy my journal review revealed a lot.
A special thanks to
@traderstewie
.
Why? Not that I don't know trading or don't have the acumen to read charts etc., When your morale is down, even the most powerful person on earth, needs some hand-holding. Things he shared and talked about in the AOT stream - not many do that.
Zero tolerance to any racist type comment. Delete or feel free to unfollow. I will be more than happy to kick you out and/or report to Twitter support. I command respect and respect all sincere hard/smart working people / traders. Had to rant. Blessed evening.
Seriously - sometimes if you look at some of the ideas these 2 guys have posted, wonder how much one can make in quick time during chop. Day in day out - nonstop. Nice work...
@traderstewie
@szaman
I added a separate scan to remove everything else and just see stocks $5-$15 range. Nothing fancy. Add some volume parameter and cap... Whoa! So many nice ones longer term... I was not joking when I said make < $10 stocks great again.
With that:
Wishing each and everyone "Merry Christmas & very Happy & Prosperous New Year 2019".
Take care and travel safely if doing so.
Winding down for the year. Blessed weekend as well.
I am so surprised that even after this massive downdraft, seeing so many complacent type comments. 3 days upside move on much lower volume has changed the trend? Asking for a friend.
I will be looking to reduce more positions before the end of the year. That said, I intend winding down for the year here and wishing everyone a very Happy, Healthy and Prosperous 2021 in advance. See you all on the first trading day of 2021. Be safe.
My current positions include: $MTCH $BYND $ROKU $OKTA $GOOGL calls and/or call spreads along with put spreads in $TLT for a potential mean reversion or atleast a price/MA catch-up play.
Hedge $SPY put spreads...
Would luv a red to green open on Monday w/Turnaround Tuesday.
Going to take the entire week off next week. Need a break from all the noise in the world. Will be back on 25th and if not June 1st. Just wanna focus on a few things. Blessed day and weekend all. Be safe.
If Iโm going to trade this week, my focus is going to be on $ZM $REGI $CCL and earnings plays in $BIGC $PTON $CHWY and a few select ones. Premium collection plays in $AAPL $AMZN $TSLA.
Plan to cut down on hedges this year. Plan to reduce size and focus on 3-5 trades a week, max 30-40 a month. No more. Reviewed journal across the board and hedges have paid but been my weakness. Better of playing $TLT and $GLD or yen $6J_F or $FXY.
No one knows where this market is going. Oversold can get much more oversold before any meaningful bounce. This is not a place to blindly buy the dip as you've been accustomed to. Careful picking tops and bottoms.
500 points, 9 weeks up, 1 down week - end of the world calls. Grow up. This is normal profit taking. Re-assess, be patient - it is only March. Entire year in front of us. You don't have to trade every day, every tick to make money.
Few things to carry forward into 2021 that worked in 2020:
1. Trade more common
2. Trade Deep ITM calls or very close to the money call spreads with shorter dated put credit spreads (Expiry 2-3 months out)
3. Sit on hands coupled with patience.
$CGC A beautiful IHS breakout on daily (measured move 7-8 points higher from the 22.25-.50 break).
Next target 24.84 then 27.84.
Gap fill 31.29 with 200 SMA on daily at 31.04. Key spot to surpass 28.75.
Quite a lot of call buying today.
$AMD Beautiful weekly consolidation over the last breakout. Would luv an inside up move over 87.05 next week. Daily - decent volume today plus squeeze in play. If the setup pans out, targets 99.56 then 106.29. Watch 90.12 area for any resistance.
@AOTtrades
Donโt waste your time in belittling subscription services. There are quite a few good proven ones. If unhappy with the person or their service move on. Join to learn not to make pun. No one can trade for you. Your risk your money. You decide who you wanna join. Period..