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By far better since Covid. These are the days to fill up the bank account and be prepared for when the market eventually goes back to normal. The return of retail has created all new opportunities. I've been waiting for the day that all these guys go back to work and the market gets quiet...

Sure, take the AMC trade. I had some $50p leftover from Thursday, and knew I wanted to double up on the open because I thought a move to $48 and lower was very likely. But now I had to move down to the $48p strike to find the leverage. My average was about 16c on 333 contracts. I knew if I...

Yes, and results to vary widely month to month. Sometimes it's just grinding out every day with nothing to show for it. I've had one red month this year of -$8k. Here's my actual win/loss report for June which was my 4th best month this year. This was a difficult month.

Definitely a chart trader. I have 40+ charts at my desk to watch all the setups. Price action + basic TA are everything. Experience plays a big role obviously. I quick calc says I've been looking at charts for 30,000 hours of my life, so the experience can help recognize where the big setups...

Yep, good summary. A really good month would have 4-6 of these.

Yes options do change this, because as the trade starts working the winning side will usually double, while the losing side will drop 50%. These are very rough numbers. Example: Stock at $52.50 Buy 10c $50 puts Buy 10c $55 calls Stock drops to $52 confirming the short trade. Buy 20c $50 puts...

No, I only outright buy/sell options. I want max leverage and reward for my setups. It's everything the books tell you not to do.

I suppose that could be. The daily looks pretty good on that stock but I personally wouldn't be a part of the trade until breakout time, ideally from a tighter triangle so it's more clearly defined.

Everyone's style is different, but for me mentally, I'm able to add more aggressively when I've already started showing a profit on the starter position. Then I can move up my stop, and take off some of that starter position to cover the cost of the trade...then I'm riding on house money. Of...

For your starter positions I add liquidity and collect the rebates, when I add aggressively I'm taking liquidity using lightspeeds smart route which doesn't charge any fees other than commission.

It's a slack with some old timers, I cut out all their commentary.

That week was also everything related to GME, like SKT FOSL etc. Gotta love when hedge funds get into trouble.

I post here occasionally just to show that it can be done, create good trading discussion, and possibly learn something from the comments.

Ahh, I've only had one month that big (Jan '21) thanks to GME garbage stocks.

A couple people asked about the setup. It's a simple (and very clear) triangle breakdown. Low 40's are possible next week. I'd prefer for it to hang around $50 until mid-week to start building a put position.

I didn't see that thread, looks like you made about 30k on NIO? Where did the rest of the month come from? MRIN?

Is that guy still around? Glad to hear While the $100k part is true, you do realize I'm joking about the shitty part right?

Yes, I apologized to my wife for only hitting half the target.

Yes TA. The first line of the chat I say "this AMC triangle is getting super tight". It could have broken either way, but the bottom line is that it was going to break... It was a beautiful setup. I'll post a chart a bit later.