Trading as an art form

Dustin said:
Tuesday's are my slowest day of the week because there's nowhere to find the r:r I want. Thursdays are at least near the end of the week so I can trade 1dte on individual stocks. Monday/Wed are dedicated to index/etf 0dte. Friday I will trade everything since it's all 0dte.
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Total RESPECT, Dustin @Dustin ...

Thank you so very much!!!

PS. Amazing...
 
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Dustin said:
Wed and Fri were both moderate losers in the $20-35k range. Friday the calls started to print around 3p, I was +$70k and took off a little...then everything collapsed.
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Thanks for the update. That was quite the dump into the close, retracing practically 50% of the entire move from the low to the high.
 
Dustin said:
Yeah I'd say it was pretty brutal.
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Would you say though that easily half the time, it runs in your direction hence holding on works out better over time? Meaning you could easily set a stop just below where the market is, lock in some profits, but then you get taken out on a dip and it continues to rally. For every dump that you may prevent, you could easily miss just as many if not more rallies. Is this fair to say?
 
NoahA said:
Would you say though that easily half the time, it runs in your direction hence holding on works out better over time? Meaning you could easily set a stop just below where the market is, lock in some profits, but then you get taken out on a dip and it continues to rally. For every dump that you may prevent, you could easily miss just as many if not more rallies. Is this fair to say?
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For this type of trading I'm doing, the risk of selling early is greater than the risk of loss. I do try to sell around 1/4-1/3rd of the position once there's a decent profit, but the rest has to run no matter what happens.
 
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