Friday, January 18, 2019 3:12:02 PM
I've been watching some thinkorswim videos for the last week or so. And some people have very good points. The money it takes to make a profit on the high $ trades really isn't worth it, compared to cheaper stocks.
So for this week I tried making 5K $ trades only, and used a stop loss of 2% which I setup to use on every trade in thinkorswim. For the week I made 10 trades. Got knocked out on 5 trades of which 1 was TVIX for a total of 424 bucks. However 5 trades were good for 2500.
So for the week I netted 2K. I must say this has relieved a LOT of watching & wondering what to do. Once the trade is made & triggers are set I can walk away w/out a worry. But still working on my exit %. My default is 30% but some of these can easily go up 100%. I'm also starting to use AH trades combined with news to find next day trades. All in all, I look forward to change my old trading strategy to this new one, and anxious to see if I get consistent results.
2K a week is 100K a year.
And one more point. It seems like unless you are willing to hold these ETF's over night, you can't make that much unless you invest a ton of cash during the day. I've played this, TQQQ, UGAZ and it's all the same. You can get burnt in the middle of the night.
Be happy while your living, for your a long time dead. And live today like it's your last, because one day it will be. Count on it.
Check my board and iBox for previous trades, and please add a board mark if you benefit from the trades.
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