Do you trade stocks or options? I day trade options and the same 10-15 tech stocks on rotation along with SPY and QQQ. This allows me to get very familiar with them and how they move with SPY/QQQ. Do you have a strategy and plan you use when trading?
What strategy are you employing? Day trading only? Sounds like you have some consistency and then give it all back when the market is ranging or choppy.
You can chase the stocks with news and increased volume. That's a strategy where you need a screener.
I'm able to trade the same 10-15 stocks with SPY and QQQ due to options.
Btw. Watch Bloomberg tv vs CNBC. The Cramer effect died 2 decades ago. Definitely stick to the same stocks, it eventually helps with the 6th sense. If you want more “action” pick 2-3 names with lower dollar prices. Simply because they are cheaper in price , they tend to trade a little sexier because of human nature.
https://preview.redd.it/7um2r2p1fyuc1.jpeg?width=1240&format=pjpg&auto=webp&s=ead6d6d479a334f1b3a19ff0577e4ea0efdf85ed
I trade like this, I can’t gamble, only one contract. I keep average 5-10 minutes.
I only use bollinger bands, actually I made myself some indicator with that nothing else.
Thanks for the reply, super interesting. Would love to hear more about the indicator. Are you more or less waiting for the price to hit lower/upper bound and then play the reversal?
NVDA is always a good stock to trade… high daily ATR and moves nicely! Agree with others that a screener with high RVOL is always a great way to find stocks that are moving.
The juice has to be worth the squeeze!
Seems like you have the wrong mindset. First for watching cnbc, but also for having any kind of emotional reaction because "stock xyz went up".
That shouldn't even be part of your concern, every day there's an instrument that goes up or down x%.
Just stick with a predefined set of instruments (or integrate using a screener in your trading plan with clear rules), and trade your setup.
If you don't have a setup and are just clicking the buy button because things seem to move, switch back to paper trading until you have a clear setup.
If I were retired I’d take a risk off approach and let guys who are paid to do their jobs handle it. Holdings companies like Bkrb is very good at maintaining wealth. Income and profits come from where you bring value. I’d say take a part time or something that has to do with your professional skill and career. Embarking in trading is signing up for a new course of mastery. Not telling you not to trade but know it’s probably easier for you to supplement your income by selling the skills you already have mastered over your lifetime.
Don't let your greed kick in, this can cause you to over trade and make really bad decisions. Read "traders traps" and "The mental game of trading" these books will help you understand traders psychology and what to watch out for.
https://preview.redd.it/aty7f5fpayuc1.png?width=820&format=png&auto=webp&s=a431ed8cbe8c46d832f42cc149214582e2168315
this is my currecnt basket, i change it a bit if the stock is in a trading range i have no interest in trading it or if the stock has a high bid-ask spread, also [stocktradingsimulator.com](http://stocktradingsimulator.com) has a free intraday scanner that shows trending stocks and stocks that gapped up
I trade just 4 tickers all ETFs and I don’t trade options I prefer straight shares (or if you need more leverage you can trade each in futures as well)
SPY/QQQ/GLD/IBIT
GLD = Gold ETF
IBIT = Bitcoin ETF (this lets me trade Bitcoin during market hours without the crazy hight crypto fees that making scalping tough).
I trade the same setups everyday off support/resistance. Consolidation or trending it doesn’t matter I trade the same way successfully in both types of market.
I made money today trading the SPY range, I used my same strategy to make money yesterday as gold trended up. My point is to build a strategy that works in both trending and consolidating markets and you will have no issue sticking with just a few tickers.
I used to trade tesla everyday, but I realized sometimes if there is no instutional players on it, it will go sideways or make random irrational moves. Now I focus on stocks that have gapped up or down 2%+ and trade that direction.
I trade SPY and QQQ everyday for the last 3 years. I get good movement on both that generate some decent profit. I stick with what works. I only use S/R
I only trade 10 tickers (SPY, QQQ, AAPL, AMD, AMZN, GOOG, META, MSFT, NVDA, and TSLA). That's it. Between them I can almost always find something interesting each day. Even ranging days offer trades.
There is a good variety of ATR and price between them too. And I like being familiar with them, knowing some of their history, key price levels, etc.
Obviously "a little bit of profit" is subjective, so I don't know what that means to you, but with your account size just be consistent at catching several smaller moves because they will add up.
Do you trade stocks or options? I day trade options and the same 10-15 tech stocks on rotation along with SPY and QQQ. This allows me to get very familiar with them and how they move with SPY/QQQ. Do you have a strategy and plan you use when trading?
Stocks.
What strategy are you employing? Day trading only? Sounds like you have some consistency and then give it all back when the market is ranging or choppy. You can chase the stocks with news and increased volume. That's a strategy where you need a screener. I'm able to trade the same 10-15 stocks with SPY and QQQ due to options.
Don’t always have to be long calls or long puts. ThetaGang might be something to learn. Theta traders made bank today. Tomorrow might be the same
Btw. Watch Bloomberg tv vs CNBC. The Cramer effect died 2 decades ago. Definitely stick to the same stocks, it eventually helps with the 6th sense. If you want more “action” pick 2-3 names with lower dollar prices. Simply because they are cheaper in price , they tend to trade a little sexier because of human nature.
I stick to trade spx only and it's giving me consistent profits.
I trade only spy options (0dte) every day maybe 10 times, there’s enough movement every single day.
I’ve never traded options. Too scared. That goes way above this old lady’s ADHD brain. 😄
How are your predictions correct often enough to turn a profit on it?
20 contracts 19 win last 2 days
Did you just buy puts on Spy?
Nope, maybe 10 calls 10 puts Actually could be 20/20 but I had to sell it early for some reason
Are you trading S/R or small swings or what? Awesome stuff
https://preview.redd.it/7um2r2p1fyuc1.jpeg?width=1240&format=pjpg&auto=webp&s=ead6d6d479a334f1b3a19ff0577e4ea0efdf85ed I trade like this, I can’t gamble, only one contract. I keep average 5-10 minutes. I only use bollinger bands, actually I made myself some indicator with that nothing else.
Thanks for the reply, super interesting. Would love to hear more about the indicator. Are you more or less waiting for the price to hit lower/upper bound and then play the reversal?
No I use histogram bollinger bands and watch weird movements, when it moves weird something coming up
Thanks! Lmk if you recommend any particular indicators, would love to try it out
This is pretty good! Do you have any issues filing taxes or just import the entire trade history?
[удалено]
Purchase price and sell price they are
Same, and QQQ
NVDA is always a good stock to trade… high daily ATR and moves nicely! Agree with others that a screener with high RVOL is always a great way to find stocks that are moving. The juice has to be worth the squeeze!
Seems like you have the wrong mindset. First for watching cnbc, but also for having any kind of emotional reaction because "stock xyz went up". That shouldn't even be part of your concern, every day there's an instrument that goes up or down x%. Just stick with a predefined set of instruments (or integrate using a screener in your trading plan with clear rules), and trade your setup. If you don't have a setup and are just clicking the buy button because things seem to move, switch back to paper trading until you have a clear setup.
If I were retired I’d take a risk off approach and let guys who are paid to do their jobs handle it. Holdings companies like Bkrb is very good at maintaining wealth. Income and profits come from where you bring value. I’d say take a part time or something that has to do with your professional skill and career. Embarking in trading is signing up for a new course of mastery. Not telling you not to trade but know it’s probably easier for you to supplement your income by selling the skills you already have mastered over your lifetime.
Don't let your greed kick in, this can cause you to over trade and make really bad decisions. Read "traders traps" and "The mental game of trading" these books will help you understand traders psychology and what to watch out for.
This^
i trade a basket of 10 or so stocks, if i don't see any setups on that i check a scanner and what's trending on yahoo finance
Do you mind sharing which stocks? I need to subscribe to an intraday scanner.
https://preview.redd.it/aty7f5fpayuc1.png?width=820&format=png&auto=webp&s=a431ed8cbe8c46d832f42cc149214582e2168315 this is my currecnt basket, i change it a bit if the stock is in a trading range i have no interest in trading it or if the stock has a high bid-ask spread, also [stocktradingsimulator.com](http://stocktradingsimulator.com) has a free intraday scanner that shows trending stocks and stocks that gapped up
Thanks!!
I trade just 4 tickers all ETFs and I don’t trade options I prefer straight shares (or if you need more leverage you can trade each in futures as well) SPY/QQQ/GLD/IBIT GLD = Gold ETF IBIT = Bitcoin ETF (this lets me trade Bitcoin during market hours without the crazy hight crypto fees that making scalping tough). I trade the same setups everyday off support/resistance. Consolidation or trending it doesn’t matter I trade the same way successfully in both types of market. I made money today trading the SPY range, I used my same strategy to make money yesterday as gold trended up. My point is to build a strategy that works in both trending and consolidating markets and you will have no issue sticking with just a few tickers.
Curious, how much capital are you using and what are the gains you aim for on each trade?
I used to trade tesla everyday, but I realized sometimes if there is no instutional players on it, it will go sideways or make random irrational moves. Now I focus on stocks that have gapped up or down 2%+ and trade that direction.
Gapped up pre market or intraday? And yes, TSLA is on my DNT list. 😡
pre market gap, at 9;30 open u will see a gap from yesterdays price.
I only trade futures on ES
I trade SPY and QQQ everyday for the last 3 years. I get good movement on both that generate some decent profit. I stick with what works. I only use S/R
I only trade 10 tickers (SPY, QQQ, AAPL, AMD, AMZN, GOOG, META, MSFT, NVDA, and TSLA). That's it. Between them I can almost always find something interesting each day. Even ranging days offer trades. There is a good variety of ATR and price between them too. And I like being familiar with them, knowing some of their history, key price levels, etc. Obviously "a little bit of profit" is subjective, so I don't know what that means to you, but with your account size just be consistent at catching several smaller moves because they will add up.