Soooooo is it time to buy chitty small and medium cap techs now? Asking for well, lots of friends…

Man I am so close. I disagree with what some people say about "letting winner's run" when it comes to small accounts like mine.

I think this is only feasible for accounts that are large enough to be able to scale in to multiple contracts on each trade. Then scale out and leave a runner or runners.

I am nearly 100% certain that the amount of time I keep a trade open is directly related to losing.

Nearly every trade I've entered lately has probably ran at least 10% to 30%… almost purely on timing a good entry on a dip from watching the premium move in the trend. A lot of these trades end up being microscopic wins or losses because of a knife after holding too long and wishing I'd sold into the strong move for the 20%

Starting Monday it's scalps only. 10% per trade will compound quickly on tiny account like mine.

I tend to agree. I let runners run on actual stock purchases where I can protect capital with covered calls etc.

On options I'm still a small fish and I've seen a much more positive growth when I take profits early. Especially in this market behavior which has certainly changed since the infinite bull market we got to play in a few months ago. My two cents from someone who has ruined a few good plays from being greedy

Small cap bottom is likely in. Tax loss selling is likely over.
From now to February 1 is historically the best time to trade small caps and buy this years worst performing stocks. pic.twitter.com/1DTJzJjwTO

— Will Meade (@realwillmeade) December 15, 2021

Ags2013 said:

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Small cap bottom is likely in. Tax loss selling is likely over.
From now to February 1 is historically the best time to trade small caps and buy this years worst performing stocks. pic.twitter.com/1DTJzJjwTO

— Will Meade (@realwillmeade) December 15, 2021

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$20 WWR here we come.

Ags2013 said:

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Small cap bottom is likely in. Tax loss selling is likely over.
From now to February 1 is historically the best time to trade small caps and buy this years worst performing stocks. pic.twitter.com/1DTJzJjwTO

— Will Meade (@realwillmeade) December 15, 2021

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Worthless front running c*** sucker

I'm gonna ride my small caps aggressively back to 0. Then sell and only buy large cap and mega cap for life…..oh and WWR.

Hola Amigos! Tried reading the 5 billion posts as best as I could. Miss all of y'all.

This recruiting class is nuts.

irish pete ag06 said:

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Man I am so close. I disagree with what some people say about "letting winner's run" when it comes to small accounts like mine.

I think this is only feasible for accounts that are large enough to be able to scale in to multiple contracts on each trade. Then scale out and leave a runner or runners.

I am nearly 100% certain that the amount of time I keep a trade open is directly related to losing.

Nearly every trade I've entered lately has probably ran at least 10% to 30%… almost purely on timing a good entry on a dip from watching the premium move in the trend. A lot of these trades end up being microscopic wins or losses because of a knife after holding too long and wishing I'd sold into the strong move for the 20%

Starting Monday it's scalps only. 10% per trade will compound quickly on tiny account like mine.

---

You're correct in the grand scheme of things.

Small accounts are perfect to learn valuable lessons. Odds are that you'll blowup your account more than once, FWIW I did 7 times, but those are the lessons that stick with you the most. Everyone that's aggressive has blown up their accounts at some point and if someone says they haven't, they're FOS.

With small accounts, find what works and makes sense to you. I'd also suggest "not letting winners run" because you could miss out on other opportunities when they present themselves. What if you bought 50 shrs of ROKU last week at 199, rode to 250 but didn't cash out, where would you be today? If you sold those 50 shares at 240 then your small account grew by $2,000, There's always something to buy, so stay fluid. Hit for singles, 15-40% in a quick move then cash out. Don't GAF if you sell at profit and it ends up a homerun but you're not in it. Your greed factor will kick in on the next trade and you'll probably lose. Hit singles and watch your account grow. This will increase you're buying power very rapidly. DON'T GET COCKY, and think you've found the secret, spoiler alert, you haven't. As your account grows then you can take multiple positions and spread out the risks while applying the same discipline. Don't chase a homerun with all your money in one trade after you've tripled your account or you will blow it up. Find a discipline and stick to it with multiple positions. JMO, glad you're here and good luck.

ProgN said:

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irish pete ag06 said:

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Man I am so close. I disagree with what some people say about "letting winner's run" when it comes to small accounts like mine.

I think this is only feasible for accounts that are large enough to be able to scale in to multiple contracts on each trade. Then scale out and leave a runner or runners.

I am nearly 100% certain that the amount of time I keep a trade open is directly related to losing.

Nearly every trade I've entered lately has probably ran at least 10% to 30%… almost purely on timing a good entry on a dip from watching the premium move in the trend. A lot of these trades end up being microscopic wins or losses because of a knife after holding too long and wishing I'd sold into the strong move for the 20%

Starting Monday it's scalps only. 10% per trade will compound quickly on tiny account like mine.

---

You're correct in the grand scheme of things.

Small accounts are perfect to learn valuable lessons. Odds are that you'll blowup your account more than once, FWIW I did 7 times, but those are the lessons that stick with you the most. Everyone that's aggressive has blown up their accounts at some point and if someone says they haven't, they're FOS.

With small accounts, find what works and makes since to you. I'd also suggest "not letting winners run" because you could miss out on other opportunities when they present themselves. What if you bought 50 shrs of ROKU last week at 199, rode to 250 but didn't cash out, where would you be today? If you sold those 50 shares at 240 then your small account grew by $2,000, There's always something to buy, so stay fluid. Hit for singles, 15-40% in a quick move then cash out. Don't GAF if you sell at profit and it ends up a homerun but you're not in it. Your greed factor will kick in on the next trade and you'll probably lose. Hit singles and watch your account grow. This will increase you're buying power very rapidly. DON'T GET COCKY, and think you've found the secret, spoiler alert, you haven't. As your account grows then you can take multiple positions and spread out the risks while applying the same discipline. Don't chase a homerun with all your money in one trade after you've tripled your account or you will blow it up. Find a discipline and stick to it with multiple positions. JMO, glad you're here and good luck.

---

Well said Prog. Had so much fun with singles and doubles scalping. Occasional home runs but they were quick and obvious.

Discipline. Without….it can be painful.

Fantastic advice, great post!

and don't feel bad, I bought an AMZN 3500C this morning to flip as a lotto, I bailed on it.

It would've gone from 3.0 (purchase) to 18.60 (at the close). FML! I will get you next time Bezos!

I'm with you and Ragoo as well. Scalp and keep making positive gains.

You know if someone started with $1k and did 3% a day avg for 8 months. That = $165k!!!

FJ43 said:

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Well said Prog. Had so much fun with singles and doubles scalping. Occasional home runs but they were quick and obvious.

Discipline. Without….it can be painful.

---

FJ the master Yoda of the stonk thread. We miss you dawg!

ProgN said:

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irish pete ag06 said:

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Man I am so close. I disagree with what some people say about "letting winner's run" when it comes to small accounts like mine.

I think this is only feasible for accounts that are large enough to be able to scale in to multiple contracts on each trade. Then scale out and leave a runner or runners.

I am nearly 100% certain that the amount of time I keep a trade open is directly related to losing.

Nearly every trade I've entered lately has probably ran at least 10% to 30%… almost purely on timing a good entry on a dip from watching the premium move in the trend. A lot of these trades end up being microscopic wins or losses because of a knife after holding too long and wishing I'd sold into the strong move for the 20%

Starting Monday it's scalps only. 10% per trade will compound quickly on tiny account like mine.

---

You're correct in the grand scheme of things.

Small accounts are perfect to learn valuable lessons. Odds are that you'll blowup your account more than once, FWIW I did 7 times, but those are the lessons that stick with you the most. Everyone that's aggressive has blown up their accounts at some point and if someone says they haven't, they're FOS.

With small accounts, find what works and makes sense to you. I'd also suggest "not letting winners run" because you could miss out on other opportunities when they present themselves. What if you bought 50 shrs of ROKU last week at 199, rode to 250 but didn't cash out, where would you be today? If you sold those 50 shares at 240 then your small account grew by $2,000, There's always something to buy, so stay fluid. Hit for singles, 15-40% in a quick move then cash out. Don't GAF if you sell at profit and it ends up a homerun but you're not in it. Your greed factor will kick in on the next trade and you'll probably lose. Hit singles and watch your account grow. This will increase you're buying power very rapidly. DON'T GET COCKY, and think you've found the secret, spoiler alert, you haven't. As your account grows then you can take multiple positions and spread out the risks while applying the same discipline. Don't chase a homerun with all your money in one trade after you've tripled your account or you will blow it up. Find a discipline and stick to it with multiple positions. JMO, glad you're here and good luck.

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This might be the best piece of advice on this thread. Can't say how many times I should have walked away on the day after making something like $400-$700 cause I was trying to make a clean $1,000 or more…then I force trades and finish even or negative on the day. Stack up the singles, trade what you're good at and watch the the money stack up.

Spoony Love said:

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Small account here checking in.

It would be much bigger if I could just learn to cut the loser and move on to the next trade. For some reason I'm trying to turn a bunt into an inside the park home run.

I'm learning the small gains discipline though with you. I've mentioned leaving some runners but they just don't seem to work out.

I'm trying to stay on the positive side most days. Which I am, it's just the negative have turned into big negative days giving up the disciplined gains. A tale as old as time.

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Maybe a tip for you.

If you've taken your target gains on a trade and want to leave a runner, set a trailing stop with a little offset for intraday dips and forget about it.

BREwmaster said:

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FJ43 said:

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Well said Prog. Had so much fun with singles and doubles scalping. Occasional home runs but they were quick and obvious.

Discipline. Without….it can be painful.

---

FJ the master Yoda of the stonk thread. We miss you dawg!

---

Thanks man. You have no idea how much I miss y'all Brew.

If I can knock out a few things here in the next few days maybe I'll be able spend the week with y'all between Christmas and New Years and have some fun.

ProgN said:

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irish pete ag06 said:

---

Man I am so close. I disagree with what some people say about "letting winner's run" when it comes to small accounts like mine.

I think this is only feasible for accounts that are large enough to be able to scale in to multiple contracts on each trade. Then scale out and leave a runner or runners.

I am nearly 100% certain that the amount of time I keep a trade open is directly related to losing.

Nearly every trade I've entered lately has probably ran at least 10% to 30%… almost purely on timing a good entry on a dip from watching the premium move in the trend. A lot of these trades end up being microscopic wins or losses because of a knife after holding too long and wishing I'd sold into the strong move for the 20%

Starting Monday it's scalps only. 10% per trade will compound quickly on tiny account like mine.

---

You're correct in the grand scheme of things.

Small accounts are perfect to learn valuable lessons. Odds are that you'll blowup your account more than once, FWIW I did 7 times, but those are the lessons that stick with you the most. Everyone that's aggressive has blown up their accounts at some point and if someone says they haven't, they're FOS.

With small accounts, find what works and makes sense to you. I'd also suggest "not letting winners run" because you could miss out on other opportunities when they present themselves. What if you bought 50 shrs of ROKU last week at 199, rode to 250 but didn't cash out, where would you be today? If you sold those 50 shares at 240 then your small account grew by $2,000, There's always something to buy, so stay fluid. Hit for singles, 15-40% in a quick move then cash out. Don't GAF if you sell at profit and it ends up a homerun but you're not in it. Your greed factor will kick in on the next trade and you'll probably lose. Hit singles and watch your account grow. This will increase you're buying power very rapidly. DON'T GET COCKY, and think you've found the secret, spoiler alert, you haven't. As your account grows then you can take multiple positions and spread out the risks while applying the same discipline. Don't chase a homerun with all your money in one trade after you've tripled your account or you will blow it up. Find a discipline and stick to it with multiple positions. JMO, glad you're here and good luck.

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Thank you for the speech! It verifies exactly what it's taken me so long and so many $ to figure out.

Oh I've definitely blown up my account this year. But it's hard to put a $ value on where I am now versus where I was in May. My only regret was not starting my accounts even smaller than I did. There's something about trading in an account when you're down 85% on the year. You aren't quite as cocky or greedy. I know with absolute certainty I will make it all back and then some over the coming years.

Prog…..

Loaning Gus out to you for yalls lotto Friday coming up.

Go kill it bro…

Spoony Love said:

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Small account here checking in.

It would be much bigger if I could just learn to cut the loser and move on to the next trade. For some reason I'm trying to turn a bunt into an inside the park home run.

I'm learning the small gains discipline though with you. I've mentioned leaving some runners but they just don't seem to work out.

I'm trying to stay on the positive side most days. Which I am, it's just the negative have turned into big negative days giving up the disciplined gains. A tale as old as time.

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Yes! Let's do it, bud.

It's funny but as a play caller in football I am maybe the most patient dude there is. I will hammer what the defense gave me until they made a change. Almost all places I've coached and called plays, the talent I had was average or below average. You had to be patient, you had to take "singles" and keep the chains moving. Then the next thing you know, it's the 4th quarter and you're in a ball game with a superior team

Seriously, how easy would it be to make 1% a day compounded in a small account.
That will 12x your account in a trading year.

1%
$1,000
$1,010
$1,020
$1,030
$1,041
$1,051
$1,062
$1,072
$1,083
$1,094
$1,105
$1,116
$1,127
$1,138
$1,149
$1,161
$1,173
$1,184
$1,196
$1,208
$1,220
$1,232
$1,245
$1,257
$1,270
$1,282
$1,295
$1,308
$1,321
$1,335
$1,348
$1,361
$1,375
$1,389
$1,403
$1,417
$1,431
$1,445
$1,460
$1,474
$1,489
$1,504
$1,519
$1,534
$1,549
$1,565
$1,580
$1,596
$1,612
$1,628
$1,645
$1,661
$1,678
$1,694
$1,711
$1,729
$1,746
$1,763
$1,781
$1,799
$1,817
$1,835
$1,853
$1,872
$1,890
$1,909
$1,928
$1,948
$1,967
$1,987
$2,007
$2,027
$2,047
$2,068
$2,088
$2,109
$2,130
$2,152
$2,173
$2,195
$2,217
$2,239
$2,261
$2,284
$2,307
$2,330
$2,353
$2,377
$2,400
$2,424
$2,449
$2,473
$2,498
$2,523
$2,548
$2,574
$2,599
$2,625
$2,652
$2,678
$2,705
$2,732
$2,759
$2,787
$2,815
$2,843
$2,871
$2,900
$2,929
$2,958
$2,988
$3,018
$3,048
$3,078
$3,109
$3,140
$3,172
$3,203
$3,235
$3,268
$3,300
$3,333
$3,367
$3,400
$3,434
$3,469
$3,503
$3,538
$3,574
$3,610
$3,646
$3,682
$3,719
$3,756
$3,794
$3,832
$3,870
$3,909
$3,948
$3,987
$4,027
$4,067
$4,108
$4,149
$4,191
$4,233
$4,275
$4,318
$4,361
$4,404
$4,448
$4,493
$4,538
$4,583
$4,629
$4,675
$4,722
$4,769
$4,817
$4,865
$4,914
$4,963
$5,013
$5,063
$5,113
$5,164
$5,216
$5,268
$5,321
$5,374
$5,428
$5,482
$5,537
$5,592
$5,648
$5,705
$5,762
$5,819
$5,878
$5,936
$5,996
$6,056
$6,116
$6,177
$6,239
$6,302
$6,365
$6,428
$6,493
$6,558
$6,623
$6,689
$6,756
$6,824
$6,892
$6,961
$7,031
$7,101
$7,172
$7,244
$7,316
$7,389
$7,463
$7,538
$7,613
$7,689
$7,766
$7,844
$7,922
$8,001
$8,081
$8,162
$8,244
$8,326
$8,410
$8,494
$8,579
$8,664
$8,751
$8,839
$8,927
$9,016
$9,106
$9,197
$9,289
$9,382
$9,476
$9,571
$9,667
$9,763
$9,861
$9,959
$10,059
$10,160
$10,261
$10,364
$10,468
$10,572
$10,678
$10,785
$10,893
$11,001
$11,111
$11,223
$11,335
$11,448
$11,563
$11,678
$11,795
$11,913

And believe me I have been making myself look at this each day for the past week. Just to remind myself.

BREwmaster said:

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and don't feel bad, I bought an AMZN 3500C this morning to flip as a lotto, I bailed on it.

It would've gone from 3.0 (purchase) to 18.60 (at the close). FML! I will get you next time Bezos!

I'm with you and Ragoo as well. Scalp and keep making positive gains.

You know if someone started with $1k and did 3% a day avg for 8 months. That = $165k!!!

---

Yes! Compounded gains. It's insane. So many days I'm up early and then overtrade to make sure I'm down... it's infuriating I haven't been disciplined.

My best week was Thanksgiving week. I'm a teacher and had the whole week off. I traded each morning til 10:30 then I was out doing stuff with the family or celebrating the holiday. Best week I've ever had and I was done trading after 2 hours each day.

Gosh dang it! This can be done!

FJ43 said:

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BREwmaster said:

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FJ43 said:

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Well said Prog. Had so much fun with singles and doubles scalping. Occasional home runs but they were quick and obvious.

Discipline. Without….it can be painful.

---

FJ the master Yoda of the stonk thread. We miss you dawg!

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Thanks man. You have no idea how much I miss y'all Prog.

If I can knock out a few things here in the next few days maybe I'll be able spend the week with y'all between Christmas and New Years and have some fun.

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I remember reading about your scalps when I was even more of a newb than I am now. Legendary stuff! It was almost all SPY too right?!

FJ43 said:

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Thanks man. You have no idea how much I miss y'all Prog.

If I can knock out a few things here in the next few days maybe I'll be able spend the week with y'all between Christmas and New Years and have some fun.

---

In!

PFE has been a juggernaut lately... market be damned.

The end of day saw massive bullsish flow. There was $2.3 million in calls bought for the march $60 strikes. I missed this one this morning... it opened just above my call trigger and never re-tested.

Looking at the chart, it seems like we've missed the move, but I'm trying not to have bias. Top of my watch list tomorrow. Looking to play the 60C on the break of 58.78 and looking to play the 55P if it breaks under 57.19 and confirms.