Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
What's your portfolio strategy for H2 2022?
Views 93K Contents 263

Strategy Shift (Where I Am In My Trading Journey)

So I have been Day/Swing trading for a little while now (4-5 months) and been trading on the market (originally just buying for long term then realizing that didnt work well in this market, Of course it was right at Feburary when everything started down) for just under a year. But I have been struggling at actually being profitable. I drained my account from its high of $3,000 to it's lowwest (on Td Ameritrade) to like $498. I have over the last three to four weeks been in a major shift in my trading strategy. Focusing 1) on descipline and slowing down. 2) One of the things I changed was I am using Td Ameritrade Strictly for Options Trading and using MooMoo to continue to practice my day/swing trades. I have $230 here on moomoo ( I have deposited $700 in here so far) . 3) The next Rule I started was: I DO NOT TRADE IN THE PRE MARKET. 4) I can not trade securites if I do not have a day trade available to bail or take profits. 5) I will watch stocks in the pre-market and watch how they do and then wait until an oppertunity tryley presents its self rather then me scouring the market looking for one thats ready this second (chaseing does not work for me). 6)I am not looking to make major percent gains. Instead my goal is a 10% - 20% everyday and keeping my stop loss tight and admit if I made a wrong choice. That way my gains are kept bigger then my losses. 7) I will lean more towards slightly larger stocks like $10 - $20. I will use my entire accunt on Td Ameritrade for options and I am buying for about a month out.
Options have been going pretty well. Yesterday produced 15+% and it has consistantly done so for the past three days. I have had to switch some of the options the day after buying them because they immediatley went the wrong way (and later on plumetted) and its been about a week and a half Ive been trying this. I have had more green days then red, but there has been red days (although very minimal). Options are nice because they dont jump aroound quite as crazy in the day to day volitility as the underlying security seems to do.
My Options Account 9/22/2022
My Options Account 9/22/2022
That is my Options account yesterday on 09/22/2022 and there is a good chance these will continue today. and if it doesnt I will find another WEAK company in a weak sector and buy a put due to the fact I believe we are heading back to new lows, past the ones made in June.
I highly suggest you guys looking into Options as another way to utilize and stay flexible as traders.

I still, as I said, i am also continuing my day Trades and although I still have had a few red days, I have kept my losses to $30 or less (out of $200-$250) But I have made multpile days of small gains (10% - 15%) and more importantly very good identifying, waiting until a confimation signal, and selling at the top without risking too much loss of profits first.
This is huge for me because I have been esxtremely Impatient, greedy and hold to long in the past.

If you are also struggling at being profitable I would suggest to look into Options Trading. and as far as day Trading check out "Stocks To Trade" and Tim Bohen on Youtube. The amount of knowledge Tim Bohen shares on his videos is HUGE if you just watch him. and I also use the STT Charting Program and It does have a lot of useful features.

This is just an account of my jorney so that maybe My journey can help someone else out. Or maybe someone helps me out after reading this.
I will post more as time goes on and I wish everyone the Best!

Biz
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Translate
Report
804 Views
Comment
Sign in to post a comment
    I love the market and everything about it. HARD WORK AND DISCIPLINE! follow me on Twitter @BismarkBradlee
    437Followers
    78Following
    952Visitors
    Follow