The Road to Consistency

[trader99]

Every week you got a decent pay check, way to go! That is certainly CONSISTENCY. And you trade multiple instruments , Future index, stock, options, all wining over them, that shows you have winning systems that performed in a consistent way too!

Thank you for the compliment and support. It's been a very very long journey! I couldn't imagine this level of trading even a year ago. Heck even 6 months ago. For some reason, everything just clicked. Now it's automatic. Just a matter of time before I hit my ideal target of $5k/day! Wish me luck!

 

[trader99]

12/10/2019:

Robinhood:
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Realized gain: $7918.51
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Taxable Acct: Trade Zero
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Realized gain: -$28.09
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Taxable Acct: IB
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Realized gain: $296
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Was busy today so didn't trade much. Finally got out of my swing trade GLD call options in my Robinhood! As soon the 6:30am bell rang, I sold everything. Luckily I sold, because it tanked after that. I've been holding on this for days. While the gain today showed $7918, some of it was MTM gain from being down. But from entry it was like $5K+. So, in theory , this is a $5K+ day. But the way I look at it, I don't count that as such because I was down like $2.5K then it bounced up to end up being $7.9K for today. I'm superhappy about the gain. Not complaining here. Just saying, I'm still striving for the day where I bang out $5K/day+ regularly as part of daytrading routine. Like got in a position intraday and exit a position intraday and make $5k+. That's the goal. it's coming to a theater near you..

 

[trader99]

12/10/2019: Addendum


Taxable Acct: Trade Zero
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Realized gain: $35.91
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Had a small UGAZ scalp. Turned the account from slight negative in "realized" gains for the day to positive. LOL. That's positive across 3 accounts. Now, that's consistency!

 

[jl1575]

You must have a very large lot of GLD option, as its price doesn't change that much (only 1-2 points) in the last week. Why don't you swing options on some of the stock that swing much larger? Do you feel safe to trade something you follow more closely?

 

[trader99]

You must have a very large lot of GLD option, as its price doesn't change that much (only 1-2 points) in the last week. Why don't you swing options on some of the stock that swing much larger? Do you feel safe to trade something you follow more closely?

I had 247 contracts of GLD. It went from .88 at yesterday's close to $1.19-$1.21 this morning. i exited everything around that price. Now it's back down to $.95. Earlier it was as low as .88 which I wanted to get back in but didn't. So, percentagewise that's 35%-36%. Not bad. Not as high as my ACB call options which went up 435% in a few days but I didn't get out all at that high. I sold on the way up.

What other volatile options do you suggest? I don't mind making 500%-1000% regularly if I can find something more volatile that has ENOUGH LIQUIDITY to move size. I traded QQQ options before and it's superliquid but it's not likely you'll get 300-400% return.

I'm all ears. Some of the crazy biotech small cap stocks that move 80%-100% intraday do not have options. Else I would play them too.

 

[Overnight]

I had 247 contracts of GLD. It went from .88 at yesterday's close to $1.19-$1.21 this morning. i exited everything around that price. Now it's back down to $.95. Earlier it was as low as .88 which I wanted to get back in but didn't. So, percentagewise that's 35%-36%. Not bad. Not as high as my ACB call options which went up 435% in a few days but I didn't get out all at that high. I sold on the way up.

What other volatile options do you suggest? I don't mind making 500%-1000% regularly if I can find something more volatile that has ENOUGH LIQUIDITY to move size. I traded QQQ options before and it's superliquid but it's not likely you'll get 300-400% return.

I'm all ears. Some of the crazy biotech small cap stocks that move 80%-100% intraday do not have options. Else I would play them too.

RBOB and HO options.

 

[trader99]

RBOB and HO options.

I never traded RBOB or HO underlying so I would never trade their options. I might trade in SIM first to get a feel for how they trade before I put real money in.

I'm very familiar with NG, NQ, CL, GC(though I don't trade it anymore) and their equities equivalent QQQ, UGAZ, GLD, UWT/DWT.

And the small cap liquid stocks like ACB and their options.

 

[Overnight]

I never traded RBOB or HO underlying so I would never trade their options. I might trade in SIM first to get a feel for how it trades before I put real money in...

Well, follow the underlying of RB and HO and see if you can make sense of their movements. That could guide you to make large monies with their FOP. They make more sense than GC, that is for sure!

P.S. These are some damned impressive numbers. I am very happy for you. Nice to see some success around here!

 

[trader99]

I should have looked into PCG options. I made a nice amount of $ in 2018. But I stopped trading it.

Just looking at it now, some of their calls went from .10 to $2.65 in a week! That would have been awesome. I wasn't paying attention to PCG in a while(over a year) and now it's coming back.

 

[Overnight]

I should have looked into PCG options. I made a nice amount of $ in 2018. But I stopped trading it.

Just looking at it now, some of their calls went from .10 to $2.65 in a week! That would have been awesome. I wasn't paying attention to PCG in a while(over a year) and it moves like crazy.

Is that the PG&E company? Out in the west? I guess they would be volatile, what with them burning down the western 1/5 of the country and having to settle lawsuits and shit.