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StandardBasicCardTheorist

Duelist
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Everything posted by StandardBasicCardTheorist

  1. Daytrading free money thread

    Trading big now, shorted almost a million bucks worth of SNAP for a few grand gain. If held, could have been up tens of thousands, but didn't. Safety first.
  2. Daytrading free money thread

    Mentioned in the intro thread as having been kinda known in YGO for a long time, then quit for a long time, then started trading professionally for a long time. I'm pretty good as far as short term trades go. Trend following, however, is not my forte. I'm going to post live trades and predictions on here towards markets. I specialize in the Dow Jones, Nasdaq, S&P 500, and volatility products. However, I also trade a few stocks such as TSLA, CMG, etc. Some basic terminology and things to think about: ~Going 'long' means money is made if it goes up. ~Going 'short' means money is made if it goes down. ~Short timeframes means that money is made from small moves. So if a large move has already happened since a post, do not 'chase'-you'll probably buy high, sell low. ~Don't follow trades until you know what you're doing. I might just post an entry and exit whenever, or trade while at work and not have time, etc. And you'll end up stuck with the L. ~I tend to trade weekly options and futures- highly leveraged instruments that can result in a large gain or loss very quickly from even small fluctuations. So if it looks like a small move, know that its been multiplied many times over. For example, a $1 move in SPY translates to around a 10 point move in a single /ES (S&P 500 futures) contract which is $500 move. A 0 DTE (days to expiry) option can move 10% in literally the blink of an eye. Those are crazy. They are called 'lottos'- you're not expected to win consistently on them but holding them through a large move will multiply them over. Usually, the premium (cost of the extrinsic/potential value) exceeds the realized (what it turns out to be) value, and each minute eats away at their value until time is up. So you can buy them when a stock is at 50 and you wait for the price to move in your direction but it does so later on at a dollar up and you can still lose money. If you want to know more about this, search 'options and greeks'. ~My trading strategy is directional and pretty unique, even in the trading world. I'll be posting charts, methodology, and so on. I will not be editing any comments in order to keep what I'd said the way it was in real time.
  3. Daytrading free money thread

    As we approach the end of the month, 3 week performance is as follows. Compared to the other strategies, this is one of the best risk-adjusted returns on the site. I had several losses due to order execution from delayed quotes and being unfamiliar with the platform. I adapted and it should be mainly straight line up from here. Even though I only started recently, I'm in the top 50 year-to-date returns. Some subscribers just use the Auto-trade feature; that is, whatever trade I make is also made in their own accounts in real time. As subscribers go up, I plan to up the price in order to reduce the followers and reduce slippage. It shows how much money is following- currently, over $200,000. We'll see how it goes. https://collective2.com/details/134463089
  4. Daytrading free money thread

    Performance of just days plus being the trade leader. E-Z
  5. Daytrading free money thread

    I've recently created a Collective2 account: https://collective2.com/profile/132631257 It's basically where one makes their (delayed) trades public and others can see the track record. If they like it, they can subscribe to the real time strategy for a monthly fee. I did it because it tracks a variety of performance metrics such as Sharpe ratio and so on. The Autotrader function automatically copies the strategy's trades in one's account if the broker is supported. I intend to take the #1 spot. My single loss on there should have been breakeven but it had delayed my buy and sell order for 5 seconds each so I didn't get the price I wanted. Even so, it was a tiny loss and those are just factored into the other metrics. It doesn't really matter.
  6. Daytrading free money thread

    Too bad my GME buy was 1 day off the low. In at 43, low at 38, out at -3%. System would have gotten out at breakeven but I broke some rules. I did think it was going to bounce but timing was off. Market is kinda volatile right now. Lots of opportunities in this environment, but danger too.
  7. Daytrading free money thread

    1.57 is what I have down for the buy point on BXRX which hit today. Let's see what happens next few days. GME 43 is a buy point as well. Almost got there, maybe it still will later. May overshoot a bit. Should be good for a decent intraday move or next day move.
  8. Daytrading free money thread

    What a coincidence just as I posted my experience there too lol. We're brothers
  9. Daytrading free money thread

    Got instabanned today from the sub reddit I used to be a part of for so many years once they found out who I was. I think it was because I mixed my jokes and troll stuff with good content (live trades, strats, tips, papers, books, resources, etc.) under a variety of usernames over time. I gave out the link to my twitch so they could follow the daytrades too and linked my live record to back it up. I was a member when that sub was created as one of the early ones (now 25k), before he even was part of the thing. Some other users complained, but whatever. Here is better anyway. Its just that hardly anyone'll see the live stream now. VIX (volatility measure) has gone down which is generally good for equities. Options prices are relatively low historically speaking, and if the trend up continues, good money can be made on Apple. I cycle through a fair bit which is why I don't generally do holds, not my style. This bodes well for the OTC market as well, I hope.
  10. Daytrading free money thread

    Have you tried posting calls on stocktwits? I heard some people monetize their calls on there for a good amount.
  11. Daytrading free money thread

    True, I just meant that as a mathematical way of looking at things. After doing all the DD, it looks like all of the things should go up, but that isn't the case in real life. Only the best things should be bought, but we expect that it won't go perfectly. Cutting a trade is difficult- but your idea of diversification is what I have found to be true. If the system makes money overall, then the losses are just part of the business; think of it as an expense. It occurred to me, about your family business. Did you consider selling the business and trading/investing instead? Along with your regular job, it might be easier. Just a thought.
  12. Daytrading free money thread

    The thing about those penny stocks is that stock can only go to -100% while the move up can be hundreds of percent. Thus, a single winner can make up for multiple losses. For GME, I'm waiting for a daily open above 43.05, and if it goes down that day to touch the level, I'll buy.
  13. Daytrading free money thread

    ITRM is up so much, lol. Remember though that humility is important, because a god cannot get diarrhea, just humans (No idea why that keeps popping in my mind haha) I called CAT bounce at 196 when it dropped early in the day... it did but closed it for breakeven because I was streaming and doing other stuff... it went higher than I expected too. Still, something like 10% for 5 mins work if I got out where I wanted... I'm on reddit too but its a new account so I'm an unknown yet. People will recognize me from my old account and trading style though, so I'll get tons of followers later during the weekend or so. I've also built up that live trade record in the spreadsheet so there's a permanent track record. I've noticed these other streamers just talking about random stocks and stuff, making their bulk from referrals and subscribers and paid courses and so on... I haven't seen any good daytraders doing it for free except me. I'd only be making any money from them via voluntary donations if I do well. Aaron, you can message me with your reddit name or I can refer people to you here as well. Once I get my account allowed to comment/post, I can tell them that you're legit too. You may want to consider a copy-paste document linking your calls in form of a track record so people can look at it; your public comments on those plays are unedited, so that helps a lot.
  14. Daytrading free money thread

    I was checking those tickers out this morning, well done! Some people just don't want to get into stuff they don't know about and end up not getting anywhere. For me personally I can only occasionally catch a big move, you're scoring jackpot after jackpot lol BXRX my system would have caught it on Thursday and closed on Friday for only like 5-6% gain if I had known about these things... def would not have been able to catch the big move that occurred today... there are just so many opportunities out there. What sort of technical things do you look at in order to anticipate/time dips n buy points? Or just based on general feel? I missed 2 trades I could have gotten in because of streaming including BMY's low, but I've managed to integrate everything on a single computer now, so it should be easier. I've always suspected the guys on here can be great traders, as there are excellent minds on strategy development.
  15. Daytrading free money thread

    https://www.twitch.tv/ancienttechnique Twitch channel. I might stream live starting tomorrow on the US market open (9:30 EST). There won't be any sound for now. There is the the chat to communicate, although I do not know if the chat will show up for non-twitch users? I'll have to figure it out. I've added a donation page here: https://streamlabs.com/ancienttechnique/tip which can also be accessed through the 'about' section on the Twitch page here: https://www.twitch.tv/ancienttechnique/about Considering it as a trial this week for now. I expect quirks and problems which should be resolved soon.
  16. Daytrading free money thread

    Eh, not sure. I got it to live stream, but there's a learning curve on a lot of the features.
  17. Daytrading free money thread

    One other thing is that a fund often cannot purchase large amounts of an OTC because of liquidity. But yeah, I've always said that the advantage for us retail traders is flexibility and taking advantage of opportunities that others can't. I've set up a Twitch account, just need to download the streaming program and set a few things up.
  18. Daytrading free money thread

    Regarding the comment about taking out the seed or not, I should have clarified, sorry. I didn't mean to take out some amount for each trade, but only as a whole. eg if you use 50k to trade, once you double the initial sum to 100k, you may want to take out the first 50k to trade with house money. This way, the mental pressure is off. I wholly agree that letting runners run eg Magicarp into Gyarados is what you should be doing (If you have time, you might want to read Reminiscences of a Stock Operator. It is considered a classic in the trading world about Jesse Livermore, who was considered one of the greatest traders ever. He agrees with the idea of holding a runner. He disagrees about buying more when stock goes against you though- he says only buy more if the initial trade shows a profit. This way, you'll only ever take a small loss if it goes bad and if it goes in favor, the profit cushion lets you buy more at higher for breakeven if the 2nd one goes bad and a huge profit if it keeps running. He says a lot of things, and although many disagree with some things, it still gives off a lot of ideas.) Your thoughts on exiting are true as well. It is extremely difficult. Livermore says that the initial good entry helps one ride it out and a big winner pays off for the losers. He says to the effect that as long as the general conditions are good and nothing is wrong with the stock, one should keep holding because there's no reason it should stop. Only when the stock no longer acts as it should, is when a potential danger signal is there. I use options which makes it more much difficult to hold. That last TWTR trade I put in the spreadsheet (all trades called live) was early on Friday. The closest dated options were expiring the same day. From entry to exit took only 10 minutes, and the options increased in value by 50% in that time. It was the low, and I managed to time the day's low low on the other recently posted trades like Gamestop and Alibaba. But it's possible to buy the low and still lose money because of the options time value decay. If I held, it would have lost most of the profit before rocketing up to a high of ~+300% gain in a few hours back down to over 100% by close. If price goes in my favor but not fast enough, I lose. If it doesn't go enough in my favor, I lose. It is difficult to create adequate risk:reward profiles with short dated options most of the time, because they lose most of the time. One could instead sell them to win most of the time, but because it uses up a lot of the buying power, it gives consistent return at the cost of a small probability of catastrophic loss. I looked at the tickers you posted. If I used my timing strategy with them, I'd typically be able to make gains of 10% per trade on the same day. There would not be many opportunities to use it, so a large number of tickers would be needed for sufficient opportunities. The best thing would be not to have to worry about the time limit associated with options, as just the stock would be traded. The drawdown is typically low, and failures tend to break even within a day. I'm making a scanner to find things that make large moves in order to find out about these things. Then I'd be able to chart them out and set alerts at where I would want to enter them. That is, I'd like to trade volatile things to mimic the returns of options without having to worry about the time limit.
  19. Daytrading free money thread

    Absolutely. Too many people think trading is just pressing buttons and don't value the hard work and effort that goes in it to reach the success. Trading is a skill. Perhaps consider something like followers giving you money on a pay what you can/trust model if the trades work out. I don't know, I haven't tried. Keep in mind that if you're trading illiquid things, having too many followers will move price around, including down if they all dump it. That said, your style is to hold it so those day-trade fluctuations don't seem to be a factor. Those were good picks. If I had to make a suggestion, it would be to take out your cost basis once you get to 100%+. Bad times will come because they always do, and if you have a chunk of it safe, it will help ease the mind. You may also want to track your trades in a spreadsheet. I'm considering live streaming and getting donations from followers if I win on a pay-what-you-want model. Because my trades are shorter term, I can't really do it the way you do, eg tell people to buy X or Y. Technically I could because of the predictive system, but I noticed most people don't understand unless I explain the details because the trade may or may not happen depending on the scenario. I took a break from updating my trades but added a few recently. Been able to read the Gamestop volatility quite well, having caught the low of day a few times.
  20. Daytrading free money thread

    It means that more of the stock is owned than is currently on the market. Ridiculous how policymakers allow this for gain yet break the rules whenever they see fit. I don't trade using that methodology. Just my own analysis and ignore the news stuff, like Aaron does.
  21. Daytrading free money thread

    Good that you're not dumping it all into a single ticker. The more you spread good trades, the less risk (except systemic risk eg market crash) per trade. What do you think about GME (Gamestop?) There's a lot of hype about the short squeeze and stuff. I'm just handling it technically for now, quick in and out. How are your losses? That is, when do you cut trades? How are you finding your trade ideas? And what determines your entry and exits?
  22. Daytrading free money thread

    Great gains, nice job. I looked up those tickers. They're penny stocks, which isn't something I can trade. They have a tendency to stay inactive for a long time, then spike and then go flat again. Sometimes they go to the moon. Anything can happen. If you're good at it, keep going!
  23. Daytrading free money thread

    Ended up not buying things didn't align the way I wanted. It worked out but not the cleanest setup. Now that we are at end of the month, here is my public trade call record thus far on that trading forum:
  24. Daytrading free money thread

    Gold has taken a nosedive this week. I'm waiting for it to fall a little further, or gold miners to fall further, or both. I plan on buying gold miners aggressively if that's what happens.
  25. Daytrading free money thread

    Made some gains.
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