
Traded ValueXiao Gu, I suppose you're also a short-term trader. What's the golden rule for short-term trading? Sell on a gap-up open, even if you sell too early and miss out on further gains, and run without hesitation if the situation turns sour. I believe any qualified short-term trader can pick a target for day trading and wait for a good entry point, but the exit point truly tests one's character. You're clearly doing short-term trading, so don't let it turn into a long-term hold. Look at those who hold onto big positions in Netflix, Oracle, Microsoft, Amazon, etc. If you don't have unlimited capital and enough patience, don't try to convince yourself to go long. What you need most right now is to set rules for yourself: Which targets will you trade today? Bottom-fishing or chasing highs? Manual or quantitative trading? How late will you trade? At what profit percentage will you take profits? At what loss percentage will you stop loss? Will you close all positions before bed? Will you re-enter after waking up? Just answer these few questions every day. If you can achieve a stable daily profit of 2-3 points, or 10-20 points on a good day, and set a proper stop-loss line, say 1 point. Review your win-loss ratio weekly and identify areas for improvement. Also, the current "Magnificent Seven" are all consolidating, like Amazon at 200, Microsoft at 400, which are very suitable for quantitative trading, and even more so for the Nasdaq 100. Later on, combining your short-term trading ideas with grid quantitative trading might yield better results. By the way, don't gamble on weekly options anymore, and definitely don't go all in. This thing was originally just a hedging tool for big capital. They might lose on the underlying stock but gain on the options, or vice versa; they've already calculated their accounts. If you're only trading options on one side, it's a dead end.
Stock Live Trading P141: Did everything right, still lost money
Strictly speaking, every trade today was correct. Today's trading was relatively simple. I bottom-fished Be's options at the market open, bought at $300 and sold at $500, netting a $195 profit after fees. I bought UVIx Puts at $0.21 and sold them in batches at $0.32. I only bought 10 contracts, and that trade also made a profit. Then, I went to trade QQQ options with the second generation. At first, I was getting hit from both sides with him, but I got off first during the main upward wave because he hung up the phone, and I wasn't sure, so I didn't move...
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