Lol wad up ppl
$Apple(AAPL.US$ $Advanced Micro Devices(AMD.US$ $SPDR S&P 500 ETF(SPY.US$ played options.
enjoy your friday guys.
enjoy your friday guys.
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wannabe future independent trader, making milk powder $$ from the intraday market | twitter : chowyunfattt
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71476877 : I wish I could options tradd
chowyunfattOP 71476877: Every can man. Do the work. Practise. And keep keep learning about yourself.
I took a few days off cause if you see my posts I had a negative 3k and 8k not too long ago.
Basically, I took some time off to reset. Cause even tho I had a 2k gain before this. I wasn’t trading the way I should. I was risking more and chasing losses. So that 2k to me was luck.
71476877 chowyunfattOP: No I mean I physically cannot, my brokerage denied my application for options trading.
chowyunfattOP 71476877: Trade in moomoo fills are pretty good. Just that it’s quite expensive.
Mooney mum : hello may i know how many mins chart do you trade on? and which are the most important indicators you refer to?
chowyunfattOP Mooney mum: I watch mainly 1, 5 and 15mins. I also use vwap and 50ema.
Best indicator is L2 and key levels. Most important thing i reckon though is take profits when you have them and cut losses early. So come up with a plan first before you enter a trade. This changed me as a day trader.
Mooney mum chowyunfattOP: i have a problem when it comes to taking profit, i am always not sure when is a good time to sell and mostly end up selling at a lower profit/ breakeven. do you have any advice for that?
chowyunfattOP Mooney mum: NFA. What I do is I trim my position into strengthen and let a couple of winners run. And I will have a mental trail stop.
Essentially the concept is not get too greedy. You don’t need to sell at the top to make profit. Don’t fomo when it goes up, cause you’re not fomo-ing when it goes down. Out of 10 trades I rather have 6 3% gains and 4 red trades than 1 18% gain and 9 red trades.
There’s always the next set up, trade, opportunity.
So if your trades end up still green. I think you’re on the right track. Just gotta refine a bit. Like maybe trim more earlier and let the rest run its course.
Mooney mum chowyunfattOP: thanks for your inputs! yes i think i need to control myself on the selling part.