StockDaddy
2.1K posts

StockDaddy
@StockDaddy3
Family man | Founder of multiple businesses | Building Better Traders at https://t.co/22iBmQ79CJ
The Emerald Isle เข้าร่วม Temmuz 2020
59 กำลังติดตาม4.9K ผู้ติดตาม
ทวีตที่ปักหมุด

+$52k in July
2nd best month of the year and owe half of it to $SERV, and 1/4 of it to $NVDA. Most of other gains have been been modest 5-10% gains that I've been wallet padding as I explore other edges.
The last week was particularly all base hits and no homerun trading.
Not where I want to be but working to get there!

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@Qullamaggie Been great so far matey. First time experiencing an earthquake too. The item on the bucket list I never knew I wanted 😅
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@stonkdadddy @JaviCharts Great read gents, really solid information.
Certainly how I try go about it, risk is always known, stops are placed and it’s just another trade.
Shoutout @StockDaddy3.
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@JaviCharts post inspired the following thought: An alternative approach to determining stop losses is to have a fixed 0.25% or 0.5% account drawdown stop loss per trade, doesn’t matter what percent you choose it should just match your risk tolerance .
Based on the predetermined, key level where you set your stop, and your stop loss %, the number of shares you purchase would automatically determined. This way, your position sizes are adjusted based on the percentage difference between your target entry price and the key level where you'd place your stop loss, relative to max % drawdown per trade. I kinda like this approach, because you you will have the same amount of risk per trade no matter what, all the while being able to set your SL at a me y level on the chart as opposed to just a linear percent below your entry .
I’m sure a lot of people will read this and be like what the fuck is this dude talking about…. It made sense to me at the time of dictating it😅 Just thinking out loud. Thanks, brotha 🤙
JaviCharts 🤘@ChartsJavi
@stonkdadddy I risk 0.25% of my equity per trade and aim to find setups with a tight enough stop that I can take positions that are 10% or more of my portfolio so it's pretty similar to what you do.
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StockDaddy รีทวีตแล้ว

@Qullamaggie LOL golden showers from the gods provide golden profits another day right?
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Still here... Still spending time with my fam... still trading...still building businesses... still remaining silent...for now!
Often the silent man is the happiest! just ask your man @Qullamaggie . Hes turned into a covert black ops trader and i love him even more for it.
StockDaddy@StockDaddy3
Decided to do some painting with the wee man and watch it dry… seems more productive today. We all have our “why” we trade/work hard/launch businesses etc. Don’t leave them on the sidelines in the process. Nothing fills my heart more. ❤️
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