onyx3821

[onyx3821]

Master Mind Trading

The single-best thing I've found in trading is a guy named Mathews Farias. He was an 18 yr old guy at one point who made his first million when other kids were heading off to college. I met him at Dekmar's conference in Florida, and I've followed him since. He's started a Discord server, and it's full of great traders. He keeps it smaller, with interviewed people in it to make sure people in there are serious about trading. I've learned SO MUCH about trading in there, I can't even detail it all here.

Check out Master Mind Trading today ! https://discord.gg/kyfqR4yS

[onyx3821]

It's Been Another While...

So, I've been around the block in the past couple of years. From a high back 2 years ago, to blowing a few accounts, I've been through it all.

I left stocks behind - I never liked the variable nature of the trading atmosphere, and never knowing day to day what's going to go and what's going to blow.

I started dabbling in options, which you've seen some of here, but then my risk profiles were crazy bad. I was loading up on multiple 0DTE contracts that had no open interest, and just trying to do too much at once.

So, I started looking into futures trading. Spent a whole lot of time convincing myself I could do this by concentrating on one thing at a time and just playing price action. I paper traded for almost 8 months learning the ropes - which is where I picked up the nickname "Scalpmaster" :) I was getting really good (on paper) at picking a spot to buy in, letting things run, and cashing out. Once funded with some cash however, emotions got me, and I blew an account. Twice.

I started looking into funded trading programs. Topstep. Apex. Tried Topstep - I don't like their rules - totally skewed against the trader giving you NO chance to make it to the live round and getting funded. Apex is a lot easier, IMHO, but in the end they played games with me with every excuse in the book not to fund me, even though I qualified several times - each time there was an "i" not dotted or a "t" not crossed, and they disqualified me. One out of five times that I got to the funding round, they killed my account with lousy fills and I was out. I see people succeeding at these funded programs all the time, but I'm not sure how. Pretty sure it's all rigged.

Took off December '23. Hardly traded - Totally pissed off at trading, thought about quitting.

Came back in January and re-evaluated.

I hate stocks and trading pennies. I suck at futures. I can't qualify for funded trading programs... I had success at options. Hmmm.

So I went through January of '24 looking for day trading opportunities on options. Sticking to mainly SPY, NVDA, AAPL and TSLA.

Funded $500 into Robinhood, and started with SPY calls on 0 day expirations. Started making money, and I'm happy with where I'm at.

30 days later, in Feb of 24, I'm up to almost $3k and I've funded an additional $500 of that.

Start following to see progress going forward. I seem to be onto something coming back to options. Having left stocks and gone to futures, I think I now understand more about options / decay / theta, etc...

[onyx3821]

Been a while!

Lots of things happening.

Short story: I got up over 25k aggregate - took a bunch of days to transfer money over to Tradezero - lost 6k in one day (DWAC) and then took about 2 weeks to get back to 25k - lost 3k in 2 days.

So now, I'm back to PDT land, and split my account 4 ways.

I've come across a couple tools and methods to help my trading during the day while working a full time job, which is really tough.

1) Sean Dekmar. Go to https://www.tradecaster.com and sign up for Sean's trading class. He trades live EVERY. SINGLE. DAY. and is a whole lot of fun to watch. But the best part is he's a great teacher, and there's a huge library of videos built in to tradecaster - Sean's recently opened that up to other traders and some of them put on great shows.

2) Options. Getting into day trading calls / puts depending on what's going on with trending stocks. Recently made a killing on watching NFLX and SPY movements and day-trading calls on each.

3) TRND Bot. This thing's amazing. Sign up for tradingview.com (it's the best chart service out there anyway!) and TRND's stuff plugs right in. It gives you buy / sell signals, and they're SPOT on. It even works on my PHONE so I can watch a chart discretely at work, and make the trades I need to make. More on this as I get into it in the coming days / weeks. Check out this snapshot from today;

4) The guys at Carnivore Trading. I'm currently evaluating this service - it's a "do what we do" service. They put out text messages pretty regularly about what they're buying and selling and expect people to invest in the same portfolio. Might be a little rich for my blood at this point, but it looks interesting - at $175 / mo I'm using their info to at least make that back and it's working, so I'll stick around a bit and see what happens.

5) Pionex.com - a bot trading service for crypto - the world of crypto just plain sucks. It doesn't follow any particular rules, there's way too many coins to pick from, and the whole market just bottoms out all the time and makes you lose. Pionex came along and allows people to invest in coins, and it automatically buys / sells on dip buying principles - i've made more than I've ever lost in crypto using this service so I think I'll stick to it for a while and see what happens.

7) Tradingsim.com - sign up and use this! It is awesome in that you can replay the entire day (with extended hours!) right after it's over. Or you can randomly pick any day in the last 10 years and play it through as if it were happening right away. Use it to back-test ideas, test entries / exits, etc....

There you have it - those are my go-to sites and tools for the most part - these are the major ones.

[onyx3821]

Welcome back, Shiba Inu.

Is it coming to fruition ? All my targetting ? Look at this puppy (no pun intended!) break out of that triangle....

I had sold it all off, but I bought back in at .00004386 yesterday.

There was a news bit that said Kraken is releasing Shiba Inu for purchase today in their app. Kraken is said to be the #2 crypto app behind Coinbase.

Please let this be the big run up !

[onyx3821]

SHIBA again

Not sure what to think about this ... This is why I hate crypto...

LOOKS like it's about to break upwards, like I've been saying all along. HOPING that's true....

[onyx3821]

SHIBA INU!

About to move through the uptrend !

Go Shiba ! To the moon !

[onyx3821]

Shiba Inu still making waves...

I was wrong earlier in my bull flag prediction - it turned through it and went down. Typical crypto! So if it chooses to follow this current one, all bets are on !

That is a daily chart - Shiba's on a downtrend at the moment - building lower highs and lower lows - what you want to see here is for it to follow that line in the X that starts to the bottom left and go up through the middle and break the downtrend and start moving up on the trend. Whew. Mouthful. Hopefully it equates to pockets-full.

If you look at the 4 hour chart below, the 5.10.20 seems to be taking hold for the swing upward ? There's an "upper shadow" on it though - a green candle with a high wick and then a red candle - which could signal a down turn back toward the trendline...

[onyx3821]

Big loss, back into PDT days, and SHIB is moving into goodness

Didn’t document this last week, but hey, losses come sometimes.   When you’re a little over 25k, though, and you lose 5k, it hurts :P

Moral of the story is when green is green, no need to chase more...

Here’s a little shot on Shiba Inu ...  By midnight tonight we should see which way this is going to move long-term.

Current price is .00007068 - that’s 7 BILLIONTHS of a dollar.

I think we’ll see the consolidation continue in toward midnight tonight, possibly down to 3 am.   I THINK that means, without bad news, that it should pop UP and the resistance is .00007500 on that...

We shall see.

[onyx3821]

This is the BEST THING I’ve found in stock trading (aside from a membership with Sean Dekmar’s Tradecaster.com - check it out)

Simulated real live trading !

[onyx3821]

Big mistake I missed this one...

Look at the symbol GREE on 10/29/21....  It went on a run - and I missed the signals.

Check this out... I’m not even going to write anything else about this.   Sad.

[onyx3821]

The Red 26th of October.

Ouch.   That’s all I can say.   Made a FEW mistakes.

Here’s the list of stuff I traded on my first 25k day without worrying about PDT nonsense...

Problem is - I threw everything to the wind for some reason.

1)  Traded big on a RED day in the market.  Market activity on Tuesday was WILD but for NO reason.... just crazy volume everywhere.   Started moving up on the whole, ended up down.  Just gotta be careful on days like that.  I now have a spot-chart in the trading software for a 1min graph on the SPY ticker so I can factor that in...

2)  Absolutely ignored the 5.10.20 method and traded on emotions...    Folks - when emotions get involved, LEAVE.

3)  I put good money after bad in two instances.   After losing on a trade, I bought back in, hoping I could ride back up and overcome my losses on the first one.  Not so... And when you do that 9 times out of 10 you double your losses.  Yep.

4)  Check this out.... bought price versus profitability...    I think I’d be better off trading TSLA all the time, like others have done.   I think with a higher COST stock, your mind is in the game more.   I remember trading TSLA with the 5.10.20 method - that’s the ONLY one I think I did that way.

5)  When you get into the red on the day, STOP.   THINK.  :)

Happy Day to all !

[onyx3821]

And to top it all off !

I made it to $25k !     Started in May 2020 with the first stimulus check.  Over time, I’ve put in all our stimulus money - that’s about $5k, and I’ve put in some other funds over time.

BUT ... today I broke the 25k ceiling!  No more PDT rule for day trading - whenever I sell or close, my funds will now settle quickly, and I can get right back in (or out!).

Woohoo!

[onyx3821]

And then, there’s BKKT

This was a good day, on a small scale!

Found the guys in chat talking about BKKT - Bought in, quick $180!

Just realized I didn’t go by the pattern on this one.   Gotta stick to it! 

[onyx3821]

Sometimes you get lucky

Went to set up to sell DWAC this morning after I’d bought it @ 103.67.

Clicked the sell button by mistake and ended up closing out this trade at the PERFECT TIME...

[onyx3821]

The one that got away.

Bought into MARK today - really looked like it was going to go well for me.

Got up at 3:55am and really hit the premarket early this time.  I wanted to see if there’s anything in it for me.

Here’s how it started - I was nervous about entering here.   Shouldn’t have been.

I ended up buying at the upper end of the next crossover, at 8.77.

Red arrow on the left was 4:34am purchase - right side of the box was my sale @ 6:30am.

After holding through that large dip in between, and then seeing the crossover near dead center, I figured I’d hold it longer... Got up to a high of the day @ 9.90, and I let it keep going (SHOULD’VE SOLD AT THE CROSSOVER ON THE RED LINE AT THE RIGHT THERE!!!) and it went down so I closed it.

Now, for the pattern....  I let it close at the right time cause check out this drop...

If I’d had PDT’s available in my big account, I’d have shorted this right after I closed it - and it rode all the way down to 2.78 !  #NOFOMO

[onyx3821]

Shiba Inu taking off !

Called it... check it out breaking through that ascending triangle pattern... BOOM!   Hopefully this is a buy-the-rumor-sell-the-news event.   Tuesday it’s rumored that Robinhood folks are meeting with Shiba folks hopefully in order to get it listed on RH so all the suckers can add to the burn and we holders will profit in the long run.    

I know a guy... that owns 12 billion with a capital B Shiba at the moment.   I’ll hold my 60 million coins thanks... all I need is for it to wipe out a couple of zeroes and get to .05 / .5 ... :)

Happy Trading tomorrow folks !

[onyx3821]

DWAC continued...and it’s getting PHUN too :)

DWAC opened Friday and went straight up to $175 !   It then proceeded to go straight down to $82, after several halts.   It was a crazy morning for DWAC.  And then PHUN joined in on the ride.  The two are tied together as a company and financing wing to build Trump’s new social network.

I’m starting to see that my 5.10.20 rule gets muddy in very volatile situations like this DWAC or PHUN morning.... But it still worked !  I’m amazed at the simplicity of this gift I was given :)

Check out what happened on PHUN...

So there you have it - when the MOB hits on something (Majority of Buyers) go with them and ride it...  PHUN was the one that worked the best with the 5.10.20 method.  When the MOB starts halting things for a couple hours on and off, moving averages get tossed around because of gaps up and down.   Play the patterns and you’re safe still.

Profit?  $958 for two stocks that went nuts.   I got out at the right time - #NoFOMO - and I’m now getting closer to my goal of having 25k equity so no PDT rules anymore!  Next goal ? $40k

Have fun !