SimpleStocks

Successful traders rarely jump into a trade without a plan. They check a few key things first before taking the position.

TRADE SHEET: is the secret to making trading less stressful. here was our plan before the market opened> $IWM + we expected a pop (harmonic/descending wedge) + we also knew about supports + we also knew about resistance after the bounce. Homework is in our team's inbox preopen

@gmb246 haha tricky. luckily we do it with 175 people so we can help each other. it's pretty chill in the LR.

@SimpleStocks_ Trading is very expensive therapy.

Many traders blame their strategy when trades fail. Often the real challenge is controlling emotions during the trade.

@bbarth62 i am pretty sure it is not "every" they told me "most important ones" and here is my issue. more than once, they pin a settle price that did not print a single tick on it that day. that is horsepucky math. it's mathematically impossible.

@SimpleStocks_ Longtime SPX local, if I may respectfully add some context. The SET( a.m. SPX settlement price ) is the official opening trade price of every S&P 500 stock. Although it can mark rather benign there are instances where SET is marked in a direction that requires roll implications.

friendly reminder that the $SPX has 2 contracts expiring tomorrow. 1 settles in the am (the big daddy) and another for the PM. you cannot trade the AM contract tomorrow and you are at the mercy of cheaters. IT IS NOT THE OPENING TICK. it's a random number they choose

almost and it'd only been hours since the post. $SLV

@rtharris33 yess

@SimpleStocks_ 900% win on shorts

unpopular opinion. $SLV if not back to 88 and 92 it's going under $56 and 48

low stress trading. $SPX sell puts to panic buyers at the open. wait a few minutes. done for the day

and then you have a company that says $1trillion in sales to come..... snoozefest? $NVDA this is the silliest wall street i have ever seen and thank God for that. easy money

$FDX another ridiculous trade.... this one already delivered the profits. the credit call spreads paid (was tricky for a minute). the naked sold calls are green. Not backing down. i will double and triple if it reverses to highs.

$GLW Maybe this time it's different (it's not)

my newest undertaking. jury still out. Profitable but can't boast yet. but in hindsight I bet i will $GLW WITAF.... i mean come on and SHOW ME THE MONEY? okay on the concept. I'd like to know when the cash spigots will open and show up in the financials

another dreamer investors of $GM going higher than that circle. LOOK AT THE MARGINS = THEY CAN NEVER TURN A PROFIT if the COGS take all the sale.

Another special thanks to the $UAL call buyer at $165 / share (yes you saw that right) for $700/contract at the circles. can't wait to do it again when and if they run it back up. people, check the MARGINS.... there's no way!!!!

Thank you to the traders who keep buying calls from US in $KO at these circles and a special thanks to those who sell us puts at the money. The last batch I shared with members is +$174/contract in 34 days

paying bills :-)

hopefully you didn't fall for the liquidity sweep that just happened. we lined it up and i will show you the picture of what to look for next time. $SPY $ES_F hot zone. we bought a put on the dip, and knew they'd bounce and steal people's money. $45 per contract

Most new traders start with a money goal instead of a proven method. First build a system that produces consistent profit, then scale it.