A few things that have improved my performance in the past few months:
(1) Options day trading the open. With decent TA skills, knowing your levels you can day trade the open while managing risk and it'll present the most momentum. You don't need that many candles.
(2) Curating my watch list significantly. Focus list needs to ONLY have things that are directly actionable very soon. You waste time watching names that aren't at proper risk levels
(3) Only trading options on big caps. You can't learn the behaviors of random tickers easily.
Feb 12, 2023 • 6 tweets • 2 min read
Let me try to explain what @elonmusk meant for those of you that aren’t software devs. Elon has 128M followers. Everytime he tweets, a service called Fanout is in charge of inserting his tweet into all of his follower’s queue of tweets that show up in their following tab.
Your following is comprised of a list of tweets that Twitter caches for you based on people you follow. When Elon would tweet Fanout was supposed to add it to the queue but it was likely overloaded by his reach and it not only killed his tweet in your list but all of the others.
Feb 10, 2023 • 11 tweets • 2 min read
I don't promote this because most say become good at one thing. To not be a jack of all trades and master of none. But for me I enjoy swing trading commons and 1-2 mo options during non-turbulent trend times and shifting gears to day trading 1-2 wk options during turbulent times.
Like right now, we could just be digesting the market rally and put in a higher low which is ok but I'm not going to put on swing trades that into an extended move and get stopped out. Every overnight swing at risk of being stopped out for normal digestion.
Feb 7, 2023 • 10 tweets • 3 min read
I learn best by watching a detailed trade breakdown so you can reverse engineer another trader's thought process and be able to do it yourself when you're alone in front of a fast moving price and volume. Here is how I day traded $QQQ calls today and why:
I was aware that we would have a Powell speak at 12:40 based on the U.S. economic calendar. The volatility expected here was low, the market didn't expect this to cause movement. But I shared with my friend my thought that the market could still react strongly if he said 1 word.
