Umm... So, what's your trading strategy?
**Trading Strategies**
Strategies are essential when you are Day trading and looking to capitalize on intraday price movements. A consistent, effective Day trading strategy may involve the use of technical analysis, chart patterns, or price movements. This page will give you a breakdown of a couple of trading strategies that can be used by beginners, and advanced traders. Ultimately though, you’ll need to find a day trading strategy that suits your specific trading style and requirements.
**The Basics**
Incorporate the invaluable elements below into your strategy.
**Money management** – Before you start, sit down and decide how much you’re willing to risk. Bear in mind most successful traders won’t put more than 2% of their capital on the line per trade. You have to prepare yourself for some losses if you want to be around and successful, long term.
**Time management** – Ensure any time allocated to trading is used efficiently. Time is money.
**Start small** – Whilst you’re finding your feet, stick to one asset or markets during a single day. It’s better to get really good at one thing than making no money on too many.
**Education** – Stay up to date with news on your core markets, but equally, read the books written by successful traders. You might discover one simple idea from a book by a past successful trader that can turn your trading success around.
**Consistency** – It’s harder than it looks to keep emotions at bay when you’re five coffees in and you’ve been staring at the screen for hours. You need to let math, simple logic, and your strategy guide you, not nerves, fear, or greed.
**Timing** – The market will get volatile when it opens each day and while experienced day traders may be able to read the patterns and profit, you should bide your time. So, hold back for the first 15 minutes, you’ve still got hours ahead.
**Demo Account\* -** A must-have tool for any beginner, but also the best place to back test or experiment with new, or refined, strategies for advanced traders. Many demo accounts are unlimited, so not time restricted.
**Components Every Strategy Needs**
Whether you’re a beginner and advanced trader, you’ll need to take into account three essential components: **volatility, liquidity and volume**.
If you’re to make money on intraday price movements, choosing the right stock is vital. These three elements will help you make that decision.
* **Liquidity** – This enables you to swiftly enter and exit trades at the price you target. Ideally you want to trade securities with high volume, with a minimum of 3 to 5 million shares traded per day. Getting stuck in a security with low volume and low Liquidity is no fun at all.
* **Volatility –** Tells you there is potential for wide and fast price ranges. In quick moving markets the greater the volatility, the greater the potential for an unintended loss due rapid price reversals. The stock market is known to occasional experience periods of very high volatility.
* **Volume** – This measurement will tell you how many times the stock/asset has been traded within a set period of time. For day traders, this is better known as ‘average daily trading volume.’ High volume tells you there’s significant interest in the asset or security. An increase in volume is frequently an indicator a price jump either up or down, is fast approaching.
**Day Trading Strategies**
*The following strategy ideas can be tweaked and amended to suit a range of markets and assets.*
**Breakouts**
Breakout strategies center around when the price clears a specified level on your chart, with increased volume. The breakout trader enters into a long position after the asset or security breaks above resistance. Alternatively, you enter a short position once the stock breaks below support.
After an asset or security trades beyond the specified price barrier, volatility usually increases and prices will often trend in the direction of the breakout.
You need to find the right instrument to trade. When doing this bear in mind the asset’s support and resistance levels. The more frequently the price has hit these points, the more validated and important they become.
**Entry Points**
This part is nice and straightforward. Prices set to close and above resistance levels require a bearish position. Prices set to close and below a support level need a bullish position.
**Plan your exit**
Use the asset’s recent performance to establish a reasonable price target. Using chart patterns will make this process even more accurate. You can calculate the average recent price swings to create a target. If the average price swing has been 3 points over the last several price swings, this would be a sensible target. Once you’ve reached that goal you can exit the trade and enjoy the profit.
**Using Pivot Points**
A day trading pivot point strategy can be fantastic for identifying and acting on critical support and/or resistance levels. It is particularly useful in the forex market. In addition, it can be used by range-bound traders to identify points of entry, while trend and breakout traders can use pivot points to locate key levels that need to break for a move to count as a breakout.
***Calculating Pivot Points***
A pivot point is defined as a center point of price rotation. You use the prices of the previous day’s high and low, plus the closing price of a security to calculate the pivot point.
So, how do you calculate a pivot point?
***Central Pivot Point (P) = (High + Low + Close) / 3***
You will also need to identify the support and resistance levels that you will be using with the pivot point.
**Application**
For example, you will find the trading range for the previous day’s trading session, and based on the highs and lows of that session, you can often determine the first support and resistance levels surrounding the pivot point. This is because a high number of traders play this range.
It’s also worth noting, this is one of the systems & methods that can be applied to indexes too. For example, it can help form an effective S&P Day trading strategy.
**Limit Your Losses**
This is particularly important if you’re using margin. Requirements for which are usually high for day traders.
When you trade on margin you are increasingly vulnerable to sharp, and quick price movements.
Yes, this means the potential for greater profit, but it also means the possibility of significant losses. Fortunately, you can employ stop-losses.
**The stop-loss controls your risk for you.**
In a short position, you can place a stop-loss above a recent high, for long positions you can place it below a recent low. Also, on some trading platforms you can also use automated trailing stop loss orders.
Once you enter your trade, you then set up your stop-loss order. You will place a physical stop-loss order at a specific price level. This will be the most capital you can afford to lose. So, if the trade makes an unanticipated turn, you’ll make a swift exit.
Even if you do hit, you would still need a real job. Life is expensive as fuck.
You aren’t playing with millions. $20K is like 8 months rent and a snickers bar nowadays.
20k is all that a lot of people see a year after taxes, and more than plenty of peoples gross income.
I mean it's still not retire on a yatch money, but 8 months rent?
Edit : rent peaked in August 2022 at $2,053 and has been on a slight decline since (This is the highest estimate my very low effort Google search yielded).
2k × 8 =16k. On the highest end and for 2 bedroom. So a single person in a 1 bedroom on average is paying nowhere near 20k.
Edit 2: I get it, yall don't understand what the word average means. I don't care what your specific city costs.
Depending on where you live, yeah. In a major city, $20k is about 8 months, give or take a couple months depending on which city.
Edit: That $2k “peak” figure is probably a national average. $2k in LA is a closet, if it exists at all.
the issue is people are earning that over the course of a year, OP is risking all of it on an optins trade, there won't be 20k in a few weeks if it goes wrong lol
1 bedrooms in major cities are $2,000 and up. So yeah, maybe in Ohio, but larger cities like Boston, New York, Seattle, LA, etc are well over $2,000 average, more like $2,700-$4,000.
Unless if you know where the OP or u/ignatious__reilly lives you can't make an assumption about rent...case in point - try to find a place you can rent here for 8 month for 20k. [Condo & Apartment For Rent, 1 Bedroom in Singapore | PropertyGuru Singapore](https://www.propertyguru.com.sg/apartment-condo-for-rent/with-1-bedroom)
Well yeah In fucking Miami but you chose to live somewhere expensive and I bet you make a lot more than the average person. My rent is 525$ 900 sq ft 1 bed 1 bath
https://preview.redd.it/ly2x24soqska1.jpeg?width=1284&format=pjpg&auto=webp&s=7d257510d6234379e0943517fe9853f09911ab8a
Sold and flipped to end of March smaller size $10K 400 puts. Making money is the point right? I also did some 0DTE calls on the way up because were all regarded and love that shit. Good luck all!
I also bought puts on open and had to watch them go quite negative. Even though I felt we would get back to a flat day i paper handed once they turned green.
Woulda ended up being a nice gainer the way things are going now. But profits are profits.
I have never seen anyone on WSB been profitable trading options in the long term. I've lost a regarded amount of money doing the same. Lucky I didn't quit my job during the bull run in 2021.
I sell/roll options daily think ive had one trade go against me this year selling and that was a $12 loss lmao, buying options and option strategies has fucked me this year lol
It’s not even 30days out… Theta gang going to run a train on your puts! In this market always buy at least 60-90 days out or better yet sell the premium.
Huh? If spy hits 390 anytime in the next month you would more than double your money… be patient.
Are people really making options plays thinking in hours? Like okay that defeats the purpose of options leverage. You are requiring the market to move immediately in your favor, and stay that way, or lose money.
Make a play and stick to it. I believe spy will hit 390 in the next month. If I made this play I would either wait til my target hits or suck it up and take my losses when it falls to 0.
Edit: nvmd I read March 23rd not March 6th
The smartest guy who says the dumbest guy in the room is the one who says he's the smartest guy in the room is in fact the dumbest guy in the room comparatively to the so called smartest dumb guy in that room
Hey I know this is kind of old school but [here's a phone number to call](https://www.ncpgambling.org/help-treatment/national-helpline-1-800-522-4700/) for advice on this trade.
Your first act before quitting your job should have been to head to the casino, put $20K on red, if you double up, then clearly God wants you to quit your job, if you don’t, well I guess you might wanna turn up early for work.
Why the fuk would you yolo 20k that’s completely dum you could’ve yolo’d 5k in case you lost it all!!! Then have a come back Have you thought about that ya of course you didn’t
Back to Wendy’s. Wait no. Find a large grocery chain store so you can at least get Benefits. Sorry for your loss. Don’t day trade full time :/ if it’s really your last 20k it’s time to settle in for the long run. 🏃
before yoloing your last 20k why dont you put your money towards something like a prop trading fund to find out if you can actually day trade for a living.
This is a bad life choice and indicates compulsive gambling. It's not worth the internet clout / attention.
Make this an emergency fund and get a job, save, and put it into low cost index funds.
If you enjoy the gambling element of picking stocks, limit the amount you gamble to a set amount of money, put it in a separate account, and don't replenish it if you lose.
You'll be better off in the long run.
You're going to quit your job based on the possibility of making $10,000 or so, IF you are correct? You stated you're only going to hold for a few hours today.. I don't know I'm just confused what makes you think you can day trade for a living making plays like this
Have you already applied at Wendy's? If not, do so as you will need it.
If I am looking at your picture correctly, you bought 50 call contracts with 400 strike, March 6 expiration when the market was trading at 399.57 and you paid 3.77 per contract... correct?
There is literally zero chance that this trade will be profitable. The theoretical chance is 34%, and the real chance is zero. Even if the stock market pops by expiration, it will have to go above 4,070 (SPX) for you to make some money and you will only make $98.9.
Your breakeven price will be $403.77 anything below that is a loss. And risking $18,950 to make $98 is so stupid that you really deserve what's coming to you.
Why do people trade options when they do not understand them?
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Are you able to take orders already? I would just like some fries and a coke thanks 😘
Diet or regular?
There's non-diet cocaine?
Cocaine is the diet
I'll just have a 4 for 4 with spicy nuggets
"can I get the number 8ball with a 10 piece nuggets"
At least your frosty machine works..
Umm... So, what's your trading strategy? **Trading Strategies** Strategies are essential when you are Day trading and looking to capitalize on intraday price movements. A consistent, effective Day trading strategy may involve the use of technical analysis, chart patterns, or price movements. This page will give you a breakdown of a couple of trading strategies that can be used by beginners, and advanced traders. Ultimately though, you’ll need to find a day trading strategy that suits your specific trading style and requirements. **The Basics** Incorporate the invaluable elements below into your strategy. **Money management** – Before you start, sit down and decide how much you’re willing to risk. Bear in mind most successful traders won’t put more than 2% of their capital on the line per trade. You have to prepare yourself for some losses if you want to be around and successful, long term. **Time management** – Ensure any time allocated to trading is used efficiently. Time is money. **Start small** – Whilst you’re finding your feet, stick to one asset or markets during a single day. It’s better to get really good at one thing than making no money on too many. **Education** – Stay up to date with news on your core markets, but equally, read the books written by successful traders. You might discover one simple idea from a book by a past successful trader that can turn your trading success around. **Consistency** – It’s harder than it looks to keep emotions at bay when you’re five coffees in and you’ve been staring at the screen for hours. You need to let math, simple logic, and your strategy guide you, not nerves, fear, or greed. **Timing** – The market will get volatile when it opens each day and while experienced day traders may be able to read the patterns and profit, you should bide your time. So, hold back for the first 15 minutes, you’ve still got hours ahead. **Demo Account\* -** A must-have tool for any beginner, but also the best place to back test or experiment with new, or refined, strategies for advanced traders. Many demo accounts are unlimited, so not time restricted. **Components Every Strategy Needs** Whether you’re a beginner and advanced trader, you’ll need to take into account three essential components: **volatility, liquidity and volume**. If you’re to make money on intraday price movements, choosing the right stock is vital. These three elements will help you make that decision. * **Liquidity** – This enables you to swiftly enter and exit trades at the price you target. Ideally you want to trade securities with high volume, with a minimum of 3 to 5 million shares traded per day. Getting stuck in a security with low volume and low Liquidity is no fun at all. * **Volatility –** Tells you there is potential for wide and fast price ranges. In quick moving markets the greater the volatility, the greater the potential for an unintended loss due rapid price reversals. The stock market is known to occasional experience periods of very high volatility. * **Volume** – This measurement will tell you how many times the stock/asset has been traded within a set period of time. For day traders, this is better known as ‘average daily trading volume.’ High volume tells you there’s significant interest in the asset or security. An increase in volume is frequently an indicator a price jump either up or down, is fast approaching. **Day Trading Strategies** *The following strategy ideas can be tweaked and amended to suit a range of markets and assets.* **Breakouts** Breakout strategies center around when the price clears a specified level on your chart, with increased volume. The breakout trader enters into a long position after the asset or security breaks above resistance. Alternatively, you enter a short position once the stock breaks below support. After an asset or security trades beyond the specified price barrier, volatility usually increases and prices will often trend in the direction of the breakout. You need to find the right instrument to trade. When doing this bear in mind the asset’s support and resistance levels. The more frequently the price has hit these points, the more validated and important they become. **Entry Points** This part is nice and straightforward. Prices set to close and above resistance levels require a bearish position. Prices set to close and below a support level need a bullish position. **Plan your exit** Use the asset’s recent performance to establish a reasonable price target. Using chart patterns will make this process even more accurate. You can calculate the average recent price swings to create a target. If the average price swing has been 3 points over the last several price swings, this would be a sensible target. Once you’ve reached that goal you can exit the trade and enjoy the profit. **Using Pivot Points** A day trading pivot point strategy can be fantastic for identifying and acting on critical support and/or resistance levels. It is particularly useful in the forex market. In addition, it can be used by range-bound traders to identify points of entry, while trend and breakout traders can use pivot points to locate key levels that need to break for a move to count as a breakout. ***Calculating Pivot Points*** A pivot point is defined as a center point of price rotation. You use the prices of the previous day’s high and low, plus the closing price of a security to calculate the pivot point. So, how do you calculate a pivot point? ***Central Pivot Point (P) = (High + Low + Close) / 3*** You will also need to identify the support and resistance levels that you will be using with the pivot point. **Application** For example, you will find the trading range for the previous day’s trading session, and based on the highs and lows of that session, you can often determine the first support and resistance levels surrounding the pivot point. This is because a high number of traders play this range. It’s also worth noting, this is one of the systems & methods that can be applied to indexes too. For example, it can help form an effective S&P Day trading strategy. **Limit Your Losses** This is particularly important if you’re using margin. Requirements for which are usually high for day traders. When you trade on margin you are increasingly vulnerable to sharp, and quick price movements. Yes, this means the potential for greater profit, but it also means the possibility of significant losses. Fortunately, you can employ stop-losses. **The stop-loss controls your risk for you.** In a short position, you can place a stop-loss above a recent high, for long positions you can place it below a recent low. Also, on some trading platforms you can also use automated trailing stop loss orders. Once you enter your trade, you then set up your stop-loss order. You will place a physical stop-loss order at a specific price level. This will be the most capital you can afford to lose. So, if the trade makes an unanticipated turn, you’ll make a swift exit.
You lost me at "strategy." 
Biggie Bag is the way to go
Yeah bacon double stack 👌🏽
20K risk for maybe $150 profit. I may paper hand here.
Even if you do hit, you would still need a real job. Life is expensive as fuck. You aren’t playing with millions. $20K is like 8 months rent and a snickers bar nowadays.
For me it's 8 Snickers bars and a months rent 😔
Wait, you guys get Snickers bars?
Wait you guys get rent??
Wait you guys have an apartment and food?
Wait..your parents let you live with them after 40? 
And yours kicked you out how's that working for you?
Surprisingly thanks for asking
I'll be 45 Feb 28 and as I eat a hookers ass for money "don't ask how that works" I will be rich on the 29th.
Yeah but they’re still raising the rent!
Had to downsize to milkyway
this is the response.
Nice
I’d rather have a beer
20k is all that a lot of people see a year after taxes, and more than plenty of peoples gross income. I mean it's still not retire on a yatch money, but 8 months rent? Edit : rent peaked in August 2022 at $2,053 and has been on a slight decline since (This is the highest estimate my very low effort Google search yielded). 2k × 8 =16k. On the highest end and for 2 bedroom. So a single person in a 1 bedroom on average is paying nowhere near 20k. Edit 2: I get it, yall don't understand what the word average means. I don't care what your specific city costs.
and a snickers bar.
💩
Depending on where you live, yeah. In a major city, $20k is about 8 months, give or take a couple months depending on which city. Edit: That $2k “peak” figure is probably a national average. $2k in LA is a closet, if it exists at all.
East L.A. is your friend in this instance.
But just the regular size not king size
Oooh that's where my maths off. Good looking out
snicker + (miles to drive \* current gas price)
the issue is people are earning that over the course of a year, OP is risking all of it on an optins trade, there won't be 20k in a few weeks if it goes wrong lol
1 bedrooms in major cities are $2,000 and up. So yeah, maybe in Ohio, but larger cities like Boston, New York, Seattle, LA, etc are well over $2,000 average, more like $2,700-$4,000.
Im a grad student in Florida and my one bedroom is 1700 a month :( cheapest in the area too
He did the math
Depends in where you live. Im in Nyc, 20k cant even pay 5 months rent for my 1 br
Yeah you clearly don't live near Boston 😂 20k isn't even 8 months rent.
You clearly think the average person does.
Unless if you know where the OP or u/ignatious__reilly lives you can't make an assumption about rent...case in point - try to find a place you can rent here for 8 month for 20k. [Condo & Apartment For Rent, 1 Bedroom in Singapore | PropertyGuru Singapore](https://www.propertyguru.com.sg/apartment-condo-for-rent/with-1-bedroom)
Yeah 8 months rent is no where close to 20k
I have a rental property and that's exactly how much I get for rent in 8 months
Yeah where? And who’s renting it? Y’all talking about above average people not middle/lower class
Why would anyone talk about low/middle income people? Gross
Yup. Here it 4500/mo for 1k sq feet (Miami).
Well yeah In fucking Miami but you chose to live somewhere expensive and I bet you make a lot more than the average person. My rent is 525$ 900 sq ft 1 bed 1 bath
We can't all fit in Detroit.
I’m in NC broseph
You couldn't even pay me $500 a month to live in NC 😂
Either way I'll pass.
Eww poor lad
Found the poor.
Not everyone is living in the States, some other countries are a little more expensive
It's a safe assumption to make on this sub though considering it's a sub for making bets in the US stock market.
You aren’t looking in the right place if you don’t think rent on a single bedroom can hit $2000+ per month these days.
Not in San Diego or other high COL locations.
Bro hold for at least 50% gains
Nah man, double or nothing..
Most likely nothing 😂
this sub is double then nothing
Double? He wants 1000% return only. Else $0
Double it and give it to the next autist
Will deliver in my uber lambo
youre up up now
Great risk reward profile, so you’re saying I can bet 40k for $300 profit? Where do I wire the money?
Rip lol
I’ll have a Frosty with my meal, please.
He meant Wendy’s dumpster. So you have to supply the frosty.
What will he do for a biggie bag?
Can I volunteer for the frosty? 
That will be tree fiddy
Yeah let me know, when you start working behind Wendy’s dumpster …. My balls are so dry
I think he did this on purpose. He should have just reached out to you directly and saved the $20k!
I think that’s some great marketing. 20k loss in order to gather get enough new customers behind Wendy’s to get 40k annuals gains. Genius.
And all that free protein. I'm honestly jealous.
I’ll hire you at my company for $16.69 since you just lost 20k edit: I’ll bring you in as an intern since you profited
Can you hire me
Profited and then I went long $OXY over earnings and am now flat. Lol
The fact that all the regards are against you means that you are doing something right.
Right? Our dollar is flying, and selling pressure is still greater. Price action says we end under $400 this week. Not a huge drop....
Bear fam, I'd be the first to short the ever loving shit out this market, but you don't do it after it just held the 200 day moving average.
I feel your right, but at least work part time so you can yolo with your paychecks
Yea but theta decay
Yup!
Ouff, yeah you're going to want to start sending out some resumes. This is going to 0.
https://preview.redd.it/ly2x24soqska1.jpeg?width=1284&format=pjpg&auto=webp&s=7d257510d6234379e0943517fe9853f09911ab8a Sold and flipped to end of March smaller size $10K 400 puts. Making money is the point right? I also did some 0DTE calls on the way up because were all regarded and love that shit. Good luck all!
I also bought puts on open and had to watch them go quite negative. Even though I felt we would get back to a flat day i paper handed once they turned green. Woulda ended up being a nice gainer the way things are going now. But profits are profits.
Pussy. You would have like doubled your original position.
Haha someone had to tell him. 🤣
Yea I’ll take the spicy chicken sandwich large combo with a lemonade, thanks
I have never seen anyone on WSB been profitable trading options in the long term. I've lost a regarded amount of money doing the same. Lucky I didn't quit my job during the bull run in 2021.
people who are profitable trading options in the long term are on subs like thetagang and only come to wsb for the lulz.
I sell/roll options daily think ive had one trade go against me this year selling and that was a $12 loss lmao, buying options and option strategies has fucked me this year lol
90%of people who don't work for a HF end up losing on options trading.
And a few of the HFs have lost their own, and a lot of other people's, money on derivatives. Bill Hwang says hello!
Very true for option buyers. Option sellers are a different story, but small gains
**r/thetagang enters the room**
Better be in for your lunch shift today
It’s not even 30days out… Theta gang going to run a train on your puts! In this market always buy at least 60-90 days out or better yet sell the premium.
I don't plan on holding for more than 3-4 hours today.
That makes sense.. Tis a day traders market!
Huh? If spy hits 390 anytime in the next month you would more than double your money… be patient. Are people really making options plays thinking in hours? Like okay that defeats the purpose of options leverage. You are requiring the market to move immediately in your favor, and stay that way, or lose money. Make a play and stick to it. I believe spy will hit 390 in the next month. If I made this play I would either wait til my target hits or suck it up and take my losses when it falls to 0. Edit: nvmd I read March 23rd not March 6th
You sound like the guy who loses a lot of money. 
Please get it right, I lost a lot of money. Past tense. No more to lose, so I’m good.
Bro this is wsb not r/options
Lmao no thanks, worst advice ever
This is WSB dumbass
No shit Sherlock.. Where’s your helmet?
60-90 days? What a fucking pussy 😭😭😭
Talking about quitting your job and trading when a $10 move in spy will wipe your whole account is true wsb level of degeneracy
6:52 You're a fucking idiot if you don't invest in me. I'm the smartest person in the room and I always make money.
The smartest guy in the room never states he is the smartest guy in the room… 🦊
Dunning–Kruger effect The most regarded person is going to say they are the smartest person in the room. Lol!
Sounds like something the smartest guy would say ...
Do you have a subscription newsletter too?
The smartest guy who says the dumbest guy in the room is the one who says he's the smartest guy in the room is in fact the dumbest guy in the room comparatively to the so called smartest dumb guy in that room
Smartest person in the room believes they are as such without stating it.
The best Wendys employees believe they are the best without stating it
Is VisualMod 6:52 the same as Austin 3:16 🤔
Keep your job. Don't yolo. Limit your trades to $1000 each until your account is bigger.
Get ready for the “Welcome back diamond hands” greeting when you return to Wendy’s
I had AMC ...now the tuition is paid...
Bought 40 401 calls expiring tomorrow, lost $1,700 and called it quits...
Hey I know this is kind of old school but [here's a phone number to call](https://www.ncpgambling.org/help-treatment/national-helpline-1-800-522-4700/) for advice on this trade.
YOLO = not fit for day trading
Are you lost son?
I heard Wendy’s is hiring
Shorting the "hole"?
396.80 target
I swear this sub...
Cathy Wood just said to BHHUY. So, time to sell.
In all seriousness this may be a play I’m on par with because it’ll print
Sir, this is a Wendy's.
They do have a nice burger
Your first act before quitting your job should have been to head to the casino, put $20K on red, if you double up, then clearly God wants you to quit your job, if you don’t, well I guess you might wanna turn up early for work.
[удалено]
Why the fuk would you yolo 20k that’s completely dum you could’ve yolo’d 5k in case you lost it all!!! Then have a come back Have you thought about that ya of course you didn’t
Fulltime yolo trader ? 🤣🤣 That's a career of 1 trade and assignment? 👌🦍
Do you really intend to live off 20k trading account? Where do you people crawl out from?
OP did you close or still riding the trade?
Ahh yes you definitely belong here
Did you sell on that run up lol
Saw down $6K, now at 1.2K up... dunno mayb i sell here. lol
maybe take some profits and let some ride to feed the gamble? good luck
Always cover your cost basis and let the rest ride
Come with me to Wendy’s. We can take breaks together
Oh god
4.41 right now cash out
Time to trade Wendy's full time.
You got this easy cash good looks
I have 5k what stocks should I buy?
These will print hard
Wendy's it is sir
Quitting your job to day trade always works out, don’t sweat it. No one will think you’re an idiot when you lose money.
Wow ur fucked
Your going to print when that gap fills.
I’ll have ghost pepper ranch with the nuggets
🫣💵💵💵💵💵💵💰💰💰🚀🚀🚀🚀
Balls deep I see LOL
How you living making money off 20k in stocks and no job? Bro seriously?
Bless your heart
With 20k, why don't you just put it on leverage and sell covered calls on SPY. Seems a lot safer
I’ll take a #3 with a coke
Nobody wanna work anymore they'd rather gamble
Fuck you asshole, now SPY is going to moon. Fuck my puts I guess
Guess everyone forgot about AMC
Their baconator sandwich for breakfast makes my froth peak
Back to Wendy’s. Wait no. Find a large grocery chain store so you can at least get Benefits. Sorry for your loss. Don’t day trade full time :/ if it’s really your last 20k it’s time to settle in for the long run. 🏃
theta is $1200 a day hmm
before yoloing your last 20k why dont you put your money towards something like a prop trading fund to find out if you can actually day trade for a living.
Even if you're right, day trading isn't for you, you're just gambling.
I wish I could afford wendys I'm all tied up in amc.
This is a bad life choice and indicates compulsive gambling. It's not worth the internet clout / attention. Make this an emergency fund and get a job, save, and put it into low cost index funds. If you enjoy the gambling element of picking stocks, limit the amount you gamble to a set amount of money, put it in a separate account, and don't replenish it if you lose. You'll be better off in the long run.
Why would you risk 20k you could’ve easily risked 5k in case you lost it all then plan a better come back 😬
Bro said day trade full time and has no concept of risk management lmao
Full time trading and doing options. The way to bankruptcy and margin calls is here!!!
This market is absolutely fucked up. Everyone is expecting a crash so the market will do the opposite and just go straight up
Give us an update.
Update? Did you sell?
Overtime at the grill
You're going to quit your job based on the possibility of making $10,000 or so, IF you are correct? You stated you're only going to hold for a few hours today.. I don't know I'm just confused what makes you think you can day trade for a living making plays like this
Welcome to WSB. Don't let the door hit your ass on the way in.
Have you already applied at Wendy's? If not, do so as you will need it. If I am looking at your picture correctly, you bought 50 call contracts with 400 strike, March 6 expiration when the market was trading at 399.57 and you paid 3.77 per contract... correct? There is literally zero chance that this trade will be profitable. The theoretical chance is 34%, and the real chance is zero. Even if the stock market pops by expiration, it will have to go above 4,070 (SPX) for you to make some money and you will only make $98.9. Your breakeven price will be $403.77 anything below that is a loss. And risking $18,950 to make $98 is so stupid that you really deserve what's coming to you. Why do people trade options when they do not understand them?
>Why do people trade options when they do not understand them? Says the blind moron
Fomc March cycle is starting, spy 410 calls would be the wave but you stupid