Ragoo said:are you trading on margin? I've been cash trading the last couple of weeks. If I buy a trade for $4000 and I sell it on a stop of $3500 I don't get to trade those dollars until tomorrow. On margin I get that $3500 credit right back and can make another quick dumb trade. Knowing the cash is locked until the next day makes each entry extra important. Makes me more patient. Bet big on what appears to be a high probability trade and get out as soon as I get a profit that I like. Name of the game is compounding small winners each day. Started this mindset with $1500 a few weeks ago and it is now $11,100.Charismatic Megafauna said:
30k what is the start/stop time you say not to put on new trades? I need to add that to my rules, i would have won today if i had
I only made like 3-4 trades this month. Had a couple fairly small misses at end of September and felt I was reaching. Have now made myself patient and watched much closer before taking a trade. Also have been busy at work so less time to trade but my only active open position is TLT 104C for Jan '23 I bought on Thursday last week. Up slightly on that trade but looking like it was the right move.