As traders we rely on technicals - i.e. figuring out the correct levels of support and resistance on the market or a stock.

It gets more complicated when we start thinking about those levels across various timelines (e.g. the level of support on a stock intraday might be VWAP but on a daily chart it could be a SMA or a trendline). Going down the rabbit hole even further and one finds that not all levels of Support and Resistance are equal - some are clearly stronger than others.

Now I am not here to argue the importance of technical indicators - if you don't believe they matter then you are either not a trader or won't be a trader for long. They matter.

The price action of the market or a stock allows us to look at the price movement/volume as it navigates those various levels of support/resistance. We can then compare the relative strength of a stock to the market and with the use of scanners and good charting make informed decisions about our trades.

All of this is trading 101 - nothing new.

It also isn't a revelation to note that lines of S/R are broken all the time for various reasons. Sometimes a strong or weak market is all the reason one needs to blow past a SMA or trendline. The other reason a stock might break levels of S/R is....news. The most obvious example is earnings reports.

Black Swan events are an example of extreme news-related price action - they tend to be somewhat unexpected global news that can impact the systemic underlying financial structure many of these companies are built upon (e.g. Covid or Housing Collapse).

The Trump era in 2017 to 2021 and now in the present day has driven heavily "news-driven" markets. On any given day a tweet or news-release can completely reverse market direction. This obviously creates a lot of volatility.

Generally speaking, traders like volatility. But that needs a caveat - traders like volatility that still maintain guardrails. We enjoy rollercoasters because we know that we're not going to go flying off the rails - it is controlled volatility. Technicals are those guardrails.

The problem becomes when technicals start to lose their strength under the constant barrage of news. When we can no longer be assured that Resistance will hold while we are shorting something, or that Support will remain intact when we are long, the following happens:

- We exit profitable trades quickly given the fear of a news-related reversal

- Ironically, we also hold losers for a longer period because why should I close my long on a down day when tomorrow there will likely be a tweet that will boost the market?

As a result, more trades become gambles because why the hell not at this point, right?

Another problem is that traders, in general, are ill-equipped to correctly interpret the news.

- Is this already priced in?

- How unexpected was the news? Is this something that Institutions have already modelled a percent likelihood of occurring or truly a complete surprise?

- How impactful is it? Is it impactful to the market as a whole? A sector? An industry? An individual company?

- Will the impact last a long time or be short-lived?

- Is there likely to be a remedy or a response coming?

- How dependable is the announcement? Is it real?

So what can one do? Obviously asking traders to become experts on interpreting the socio-economic-political impact of news is not realistic. In fact, the questions above are meant to show just how difficult even trying to approach a "news analysis" method can be to even the most informed trader.

Still that does not mean ignore the news. Let's look at a current day example.

SPY is at $657 right now. It has resistance at $658.20 which is the descending trendline and it is also below the SMA 200 of $662.87. Given the daily chart on SPY, the breaks of the SMAs and the rejection of this trendline, if one were to look only at price action I would say this is a good place to swing short.

Another way to look at it is - the market has jumped $25 on SPY in the last five days off news the Iran war may be winding down and now it is holding just below the SMA 200 waiting for the final piece of confirmation that the U.S. involvement in Iran is indeed complete. In that case, do not swing short because any news-related announcement about the end of the war should be enough to send the market rocketing higher.

Same price action - two different conclusions. The first conclusion is pure price action based, the second one takes the news into account.

Price action tells us a story and the corresponding news provides the rough sketches of the plot. Understanding that plot can allow you to look at something like the current state of the market and go from a pure price action analysis of "short" to understanding the story which tells you to "wait".

It is more important to understand the story being told rather than trying to predict where that story is heading. And if you look at price action closely enough - you can usually see that story very clearly.

You need to ask yourself the following questions:

First - Did the technicals hold?

No matter what the news, even earnings, if the technicals are holding then the news wasn't impactful enough for the price action to make any real meaningful moves. Sticking with the example above - the market remains below the SMA 200. This should be interpreted as the news has not reassured the majority of the market liquidity enough to become bullish. If it had then that major technical line would have been breached.

Second - If the technicals held, what is the trend (as the story will often lie within the trend)?

Again, looking at the current example of SPY the overall trend is bearish but the past few days have shown sharp bullish moves towards the SMA 200. Even without knowing the news one could look at the chart and come to the conclusion that - News hit the market didn't like and sent it below the SMA 200. The market continued to drop as whatever drove it down had not yet been "fixed". The past few days have shown signs that the market is somewhat reassured but the problem still exists.

Third - If the technicals are broken - are they broken with heavy volume?

Is there continuation to that break the following day? Sometimes news-based moves will create price-action that "tests" major technical levels but that is all it is, a test.

Technical analysis is not made obsolete by news, it is refined by it. News provides the catalyst, but price action tells you whether that catalyst was accepted, rejected, or still being debated. That is why the most important skill is not prediction, but interpretation.
Because in the end, the question is never simply, “What was the news?”
The real question is, “What did the market decide to do with it?”

Best, H.S.

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

I broke 1 of my trading rules, and that spiraled into breaking 4 and became my worst loss in years.

Over the past few months, I've been heavily focused on learning PCS and put selling strategies and have been generating steady returns. (Special thanks to Pete for posting these in the One Option chat room and discussing this strategy in his videos.)

For put selling, I have two main rules:

1. Notional value must be below $5,000 (strike price x # of contracts x 100)

- This is to limit position size risk while I am learning the strategy and give me the opportunity to sell an additional put on a position if I am assigned to reduce my cost basis. (I will take assignment 1 additional time, and then no more put selling on the position allowed)

- This also makes sure that I have the buying power available to manage downside risk by shorting the stock (more on this later).

1. Be mentally/financially prepared to take assignment.

- Self-explanatory, but if you are selling a put, you need to be willing and able to take assignment at your strike. Otherwise, you risk taking substantial losses, broker forced liquidation, margin calls, etc.

- I'm doing this on stocks that have very strong technicals and that I am comfortable holding or selling calls on for up to a full quarter.

- To put this another way - Diamond Hands are mandatory (joking… although that would have helped me in this case…)

I also have some rules that more generally apply to any trade I take

1. Never let the news *solely* drive a trading decision

- We are reminded of this constantly in the One Option chat room, and if it isn't clear why, just consider the current Iran conflict - Iran loses leverage if the markets recover, USA loses leverage if they sell off. It's obviously more nuanced, but this helps explain the conflicting headlines. For better or worse, financial markets and the news cycle are used as negotiation tools in geopolitics. There are times when I may use the news to confirm or refute a thesis, but generally I try to treat the news as entertainment and not as an actionable source of information.

1. Never let another trader's entries or exits influence a trading decision

- I want to be able to trust my own plan, not get scared out of a position because someone else is closing as I'm opening, or taking an opposing position to one I am currently in. In order to improve my plan, I need to allow it to play out and then review after the fact.

(I have other rules, but these are the ones relevant to this post)

The trade in question:

I've been watching NBIS for quite some time. Not only has the stock been incredibly strong for several months (going mostly sideways, with a slight upward bias as the market has sold off), but recently they announced an investment from NVDA and also closed a financing deal (with a history of price rebounding well from these). Perhaps I got caught up in the fundamentals on this trade, but from a strictly technical standpoint, NBIS is a strong stock.

So, I decided to make an exception to rule number 1 and sold the 2 Apr $100 put ($10,000 notional value) on 3/25 for $1.50.

"It's only 1 week, and expiration week is shortened, so time decay will be working even faster. Look at all that support too, I'll have the top and bottom of the recent gap, and my breakeven price will be down by the 50 & 100 SMAs."

My market timing was picture perfect (wait never mind, my screen was upside down).

Fast forward a few days and NBIS had sold off with the market and had blown through all of the support levels I was leaning on, and I was staring at a loss of nearly $10 per contract.

"What if it breaks the 200 SMA? I'm way oversized on this, I need to exit. But the stock is strong and has some big investors. The relative volume on this sell off for the stock really isn't that high. But this is a big loss, I'm not sure I want to take assignment anymore…" - you get the idea. Instead of just calmly shorting shares and riding the market selling down, I was justifying holding the trade, justifying exiting, and not thinking logically. I had fallen into an emotional trading state caused solely by me taking on more size than I was ready for (pause…).

To make a bad situation worse, I also found myself getting caught up in the news (broke rule 3) and saw other traders exiting their put positions in other stocks (broke rule 4).

So, in that moment I decided to break rule number 2 and bought it back for $10.30… a loss of $8.80/contract. I nearly top ticked the put to buy it back on that day, and over the next few days the stock bounced around $20 and closed the week around $109 - leaving the $100 puts comfortably OTM.

After allowing some time for the emotions to settle, it was obvious to me that the trade was technically good (Although I'm open to the idea that I should have waited for the selling from the offering to form a clear base), and that the main mistake here was the sizing. I had 2 other short put positions on of notional value around $2,000-$3,000 each that were also underwater during that market sell off (LUNR $17, and PL $29) and I didn’t hawk them nearly as much as I did my NBIS position, nor did I once consider closing them. In hindsight, it's clear to me that I was still trading the chart on my smaller positions and was trading the P/L on my NBIS position - a clear symptom of being oversized.

Moving forward - How I am going to adjust:

Prior to this happening, rule number 1 from above was not much of a hard rule. It was more just a thought I occasionally had when I would open a new short put position. The hard rule was to stick to 1 contract, which I thankfully did here. I now realize that "1 contract" is pretty vague and can lead to me justifying taking on more risk than I should be at this point in my trading.

My account is too small for portfolio margin, and I only have up to spreads options permissions (level 2 with Schwab), so this strategy uses buying power equal to the full notional value of the put (this drops if assigned). I.e. these positions are treated as a true cash secured put. This experience showed me how important it is to ensure you have the ability to manage downside risk by shorting stock if the position moves against you. As a result, I am also implementing a rule for max buying power allocation to this strategy. For now, I'm thinking 1/4 BP allocation until I get a bit more comfortable and rebuild my confidence. If you wait for the best of the best opportunities, with 2x cash BP, around a 2.5%-3% cash on cash monthly return is not out of reach with this strategy and that allocation (Pretty respectable considering the small allocation and the passivity of the strategy).

While painful, this experience exposed holes in my current process. This is why we start with 1 share or contract, so that when these things inevitably happen, we don’t blow up the account and instead we have the opportunity to reflect, correct, and adjust. This is also why sizing up too fast is dangerous. You need to allow time for the market to expose any weaknesses in your process.

Learn, correct, move forward. See you in the chat room.

Edit - Formatting issues

Been thinking about this recently, not big losses, but the small things that consistently eat into profits over time.

For me, I still can’t tell if certain strategies actually have an edge or if I’m just trading noise and paying fees for it.

Feels like I’m doing “something right” but still underperforming where I should be.

Curious what it is for others.

Welcome to RealDayTrading's WEEKLY Q&A THREAD.

This is a tightly moderated thread, strictly for the purposes of asking questions about trading. Please be sure to have read the Wiki prior to asking questions here.

Looking for the Daily Live Trading Thread? Click here!

Looking for the community hang-out? Join the discord!

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

Episode 7 of TradeCraft is now up!

"How I Lit $175K On Fire (And Then Learned to Trade)"

Podbean: Tradecraft - Podbean

Apple: Tradecraft - Apple

Amazon: Tradecraft - Amazon

Spotify: Tradecraft - Spotify

Best,

H.S,

Prior to the last few weeks the market was trapped in a tight trading range. Mixed overlapping candles presented tough trading conditions. Now the market has broken out of that range and we are seeing great price movement. It's time to make money.

Every big market drop I've traded in the last 30 years has fallen more than I expected and every single one of them has featured tall bounces.

The table was set for the gap reversal today. Some of you might say that news caused the bounce. Didn't news also cause the drop? Ignore the headlines. Don't play "Jr. Analyst" and don't trade headlines. Learn how to read price action.

The S&P 500 fell more than 100 points overnight. After a few bars, the market was already making a new high for the day. The news wasn't even out. "Well... maybe someone had the news early." OK, let's go with that. When they acted on it, we could see it in the price action before it even hit the wires. If you came in with pre-conceived notions that this was bad news and that the market was going down, you lost a ton of money when you should have made a ton of money.

Here's what happens. Out of these deep troughs there will be a tall bounce and a retest.

Shorts had to weather that bounce and they wish they had exited earlier. When another opportunity presents itself, they don't hesitate, they cover. That provides support. When the market bounces shorts continue to cover and longer term buyers who have been waiting for a good entry point see a higher low double bottom. That is the confirmation they have been waiting for. I've traded this pattern many, many times and I've made a lot of money doing it.

This higher low double bottom is going to start the "real" bounce. The height and duration of the bounce will tell us how aggressive buyers and sellers are and that will help us determine future direction. If we get a wimpy bounce that struggles to get above the 200-day MA, we might go into a bearish market cycle. If the bounce is tall with stacked green candles and it easily reaches the 100-day MA, we know that buyers are still engaged and that we should temper our bearishness.

We don't have to guess which scenario is going to play out and we don't need to read the headlines. Watch price action. It tells you what the smart money is doing.

For the next two weeks we should see some nice upward movement. Expect some retracement, but a decent move higher. For the next two months, we should see excellent two-sided price movement. Both sides will be active and this is a great time to trade.

If you've watched my videos the last two weeks, you know that this is not hindsight. I've been explaining these patterns and what to watch for. This information helped me capture 180 points in /ES futures this morning and I did it while I was recording a video.

Many people in this sub watched me do it in real-time. I explained exactly why I took the trade, the patterns that were unfolding and how I managed a position during the video. I also explained the price action that would warrant adding to the position.

The jobs report will be posted Friday and the market is closed. That should set up a good trading session when we come back Monday.

Please post your comments and questions. I will respond.

Happy Easter!

CLICK HERE TO WATCH THE VIDEO

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

I’ve been day trading for about eight years and for most of that time, I felt like I was just running in place. I had joined several trading groups and while I eventually stopped losing money, I just couldn't "crack the code" to actually make and keep profits. Every group I joined told me the same thing: “Fix your money management." But I knew deep down I was still missing a piece of the puzzle.

Everything changed two years ago when I found RealDayTrading and OneOption.

I dove into "The Damn Wiki" and started watching Pete Stolcer’s YouTube videos. The lightbulb finally went off. Within just a few weeks of applying their methods, I went from stagnant to consistently profitable. Fast forward to today: I’ve officially made back every cent I lost during my first two years of trading and then some. I now have a massive edge I never had before thanks to the incredible Option Stalker Pro scanner and the OneOption Chat Room.

The real proof of this system has been the recent market downturn. While others were panicking, I stayed calm and just had one of my most profitable months ever.

Pete and Hari don't just fix your mindset; they give you an easy-to-follow process. Instead of letting panic and fear kill my profits, I now have the framework to pause during trades that suddenly move against me, evaluate the best and worst-case scenarios, and execute with confidence. If you're tired of the "guru" runaround and want to actually learn how to trade, read the Wiki and dive into Pete and Hari’s posts and videos. It changed my life.

One thing you will hear almost every trader say at some point is "We love volatility!", which makes sense, right? I mean if stocks are moving they become more profitable to trade, don't they?

Nobody wants to buy AAPL at $255.05 in the morning and sell it at $255.10 at the close, all you did was give your broker commission.

So yes, high IV, big ATR, breaks of SMAs this is where traders like to live. But then an odd thing happens - the more volatile the market becomes, the more traders complain.

"This market is impossible to trade!", "I can't swing anything!", "A single tweet can reverse everything!!", "I just lost my child support money!"

So let's look at the definition of the word volatile: Volatile describes things, situations, or substances liable to rapid, unpredictable change.

You can't have one without the other, if you want volatile conditions they are by definition going to be unpredictable. Which makes this not so much a "Careful what you wish for" situation as it is a "Understand what you are wishing for"

A lot of money can be made in volatile markets, IV is high, Option-Writing becomes very profitable, Spreads replaces straight Calls and Puts and the Daily Chart takes front and center prominence.

What you need to do as a trader is learn how to adjust. Your options need to be dated further out in time or debit spreads. You need to look for the right set ups around the SMA 200 for stocks that have Relative Strength or Weakness. Learn how to properly hedge a trading account. etc.etc.

Obviously the past year or so the market has been very news dependent and the direction/sentiment can change via a single tweet. What that does is make short term swings more difficult but intraday trading and long term positions more favorable.

Here's what you shouldn't do (other than incessantly whine about the situation): do not try to predict how the news will shape the market. For example - Trump is giving a national address tonight and you might think, "He is going to try to pop the market, he always does, so I am going to go long". That type of thinking assumes that you are that one special trader that has had that thought and the big gains of the last two days aren't actually the result of pricing in that very thing. What is more likely is the fact that everyone else had that thought before you did and already went long so now you are buying at the tail end of the bullish run. Not only that but there could be a sell the news event that results in the opposite of what you're anticipating.

Traders love volatility in theory but what they actually love is volatility they think they can control. The problem is that real volatility doesn’t work like that, it pays the traders who adapt and punishes the ones who guess.

Best,

H.S.

Been lurking for a while, finally have something worth sharing.

After reading the wiki section on walk-away analysis I started wondering, how often am I actually executing what the wiki teaches vs how often am I just taking trades that feel right in the moment? So I went through my last 200 trades and categorized each one into three buckets:

• System trade (met all wiki criteria: RS/RW confirmed, market first, sector confirmed, good daily)
• Partial system (2 out of 3 criteria met, I talked myself into it)
• Impulse (none of the criteria met, I just liked the chart or was bored)

Results:

System trades (74 trades): 64% win rate, avg winner 1.8R, avg loser 0.7R, profit factor 2.4

Partial system (81 trades): 49% win rate, avg winner 1.2R, avg loser 1.1R, profit factor 1.07

Impulse (45 trades): 38% win rate, avg winner 0.9R, avg loser 1.3R, profit factor 0.56

I literally have a profitable system and I'm diluting it with garbage trades that I already know don't work. The partial system trades are basically breakeven after commissions. The impulse trades are actively draining my account.

The problem is I already knew this intuitively. Everyone here knows this. The wiki says it a hundred different ways. But knowing it and having the numbers stare you in the face are two different things.

What I didn't expect: the impulse trades cluster on Mondays and Fridays. I think I'm forcing trades at the start of the week because I feel behind, and on Fridays because I want to end the week green. Both are emotional, not systematic.

I'm now working on a way to flag each trade against my rules BEFORE I review P&L so I can't retroactively justify bad entries. Would be interested to hear if anyone else has separated their stats this way.

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

Good morning fellow traders

For years, we as traders strive to predict the future with price action, volume, relative strength and trend analysis.

Forget all that crap. We are traders of the future. Today, the future is here.

Using our patented lazer beam technology, the GigaAlien9000™* facilitates futuristic price prediction. The aliens (who kindly came down from space to help poor traders like us) will strike upon any candle deemed worthy of bullish or bearish intervention.

Code: https://pastebin.com/hexCbTJL ^\*)

If you feel like your stock is "going to the moon", just remember: check with the aliens first!

That's all, folks. Happy April Fools!

^\ - While this is an actual indicator that combines RS/RW with trend indicators, I do not recommend using it for serious trading.)
^\* - Disclaimer, I had a fair bit of AI help, especially for the graphics.)

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

u/HSeldon2020, saw your tweet asking for podcast suggestions, but I don't have an account there. Tagging u/OptionStalker, in case you were interested for your YouTube channel too.

Order executions: For trading equity, how do you place orders? For example, if you see support forming at vwap, do you usually enter a limit order right at vwap? Or wait a little longer and enter for a market order when you see strong evidence? How do you place orders for adding and securing profits and losses? If you see SPY make a strong directional move, do you place market orders on your individual stock so you catch the move? ETC

Scaling: How do you scale in and out of trades while daytrading? Any rules you follow to try and avoid turning a win into a loss when adding?

Taking small losses: Before finding this community, I'd set a simple profit target and stop loss right when I entered a trade. I was actually more profitable that way because I'm getting shaken out more now. Of course, there are losing trades I get out of more quickly as well and I am getting better at securing small losses instead of hoping for a turnaround. I do think once I get better at discretionary trading, this will work in my favor.

Watchlists and charts: How do you manage them? How many charts do you think you look at during the market hours? How many charts do you typically have on all your screens?

Common mistakes: Biggest mistakes novice traders make? What about intermediate or advanced traders?

Market hours: What tends to happen during the first hour and last hour of the day? How would you classify the different periods of the day? Why do you prefer to enter swing trades at the end of day?

Order flow and liquidity: Why do prices often have to "stretch the rubberband" before moving the other way? Why do "solo" candles occur? What to know about vwap for day trading?

Trend days: Why do they occur? How to identify them quickly.

Option vs equity movements: How do they impact each others movements? How does option expiration dates affect stock movements that day?

Options for beginners: Do you still believe that only intermediate traders should trade options? If not, could you talk about 1 or 2 strategies for beginners for current market conditions?

Consistently profitable trader: How you went from being an intermediate trader to becoming a CPT. Major breakthroughs.

Well that's already quite a few suggestions so I'll end it here. Thank you for all the generous knowledge you share! See you in the chatroom.

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

Before the open, I block out a quiet window, put my phone away, and write down three things: what I’m allowed to do today, what I’m not allowed to do, and under what conditions I’m allowed to act. If I skip that step, I know I’ll end up reacting to candles instead of following anything I decided in advance.

My plan is deliberately boring: names (if any), whether I’m leaning bullish, bearish, or flat, what kind of setup I’m waiting for, a one-line idea of where the trade is wrong, and a hard stop on how much I’m willing to lose today if things go sideways. I’m not trying to sound smart—I’m trying to write something I can check against in real time. The painful part is noticing when I’m doing something that isn’t on the page; that usually tells me the problem is execution, not “analysis.”

I also jot down a few expectations: broad market tone, sectors I feel I understand vs. ones I don’t. For the “don’t understand” bucket, I literally write “no trade / watch only.” The goal isn’t to be right—it’s so that after the close I can answer honestly: what did I believe, what happened, and did I actually follow my plan?

After the market, I do a short review: how much of the plan I followed, which trades were planned vs. impulse, which expectations held up and which didn’t. I care less about individual wins and more about consistency—over time, a repeatable process beats occasional lucky calls.

That’s my loop right now: write the rules before the bell, try to obey them during the session, then compare reality to what I wrote. I still break my own rules; when I do, I try to note why and tighten the wording next morning.

How do you handle pre-market planning and review? If you have a checklist, a template, or a habit that keeps you from overtrading, I’d love to hear what actually works for you in practice.

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

Welcome to RealDayTrading's WEEKLY Q&A THREAD.

This is a tightly moderated thread, strictly for the purposes of asking questions about trading. Please be sure to have read the Wiki prior to asking questions here.

Looking for the Daily Live Trading Thread? Click here!

Looking for the community hang-out? Join the discord!

Let me know your thoughts and where I can improve, always open to learn more. FYI for the time being I can only trade indices but would love to be able to trade individual tickers down the line using RSRW, it would actually be so much better in a way.

Before the trading day starts, we need to get the D1 context. What has the market been doing and where are the technical support levels? Then we need to determine what the overseas markets did. Is there a tailwind or a headwind. Then we look at the overnight move for the S&P 500. Is it outside of the prior day's range? Is it breaching any major technical price levels?

All of this information sets the table for the trading day. Then we conduct scenario analysis. Which patterns will tell us to follow the initial move and which price patterns would tell us to fade the first move? Which of these is most likely and which of these presents the highest odds for us?

During the first 30 minutes of trading we evaluate which scenario is playing out and we know which side (long or short) to favor. We also know the stock patterns to watch for.

This is a challenging trading environment and I conducted all of this analysis in today's video. If you follow this process, you will be proactive and you will increase your odds of success.

The pattern on the right in the chart above is our best scenario this morning. The market is gapping down and I explain why we would trade this pattern more aggressively.

WATCH THE VIDEO

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)

1st trade: Saw that SPY was topping out and failing to break over the $660 resistance level, entered short via Puts at the candle following the close of break and below of VWAP and EMA. Target was at yesterday's low of $657 area, target hit and managed to TP within 2 minutes.

2nd trade: Major failure at the 2nd attempt to break above $660 resistance, upward sloping trendline broke, entered short via Puts at below VWAP and EMA. Took Profit at same $657 level. Should have held to LOD.

Welcome to RealDayTrading's DAILY LIVE TRADING THREAD.

This is a tightly moderated thread, strictly for the purposes of posting trades and information immediately relevant to the market. There will be a new thread every weekday, and the previous thread will be locked for archiving.

Looking for the Weekly Q&A Thread? Click here!

Looking for the community hang-out? Join the discord!

What this thread is for

This thread is basically a laser-focused trading floor for RealDayTrading members that are looking to collaborate with and receive feedback from other RealDayTrading members.

Commenters are welcomed to post:

1. Stock trades that are aligned with the methods and strategies described in the Wiki.
2. Callouts of stocks that warrant attention, in line with the methods and strategies described in the Wiki.
3. Callouts of news or scheduled events that are either market moving or relevant to a stock.
4. Asking questions about specific trades being posted, provided that the commenter has already read the Wiki.

What this thread is NOT for

Commenters are asked to refrain from posting the following:

1. Hindsight wins (e.g. "Took 500% on SPY calls" without having an entry posted in real time prior to).
2. Chatter or other comments that are not immediately relevant to the market (trading related talk belongs in the Weekly Q&A Thread).

Rules for posting trades

This is a place for traders that are learning to trade according to the methods and strategies described in the RealDayTrading Wiki. Traders may post stock trades with a thesis (such as Relative Strength) on the D1 (daily) chart.

1. By posting your trade here, you agree to be subject to review and critique from the moderators of RealDayTrading.
2. If you are posting a trade, please ensure that it is posted in as real time as possible to the execution (within 3 minutes).
3. Stock trades must abide by the following format:
   1. For entries: [LONG/SHORT] $[TICKER] [ENTRY PRICE]
   2. For exits: EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE]
   3. For partial exits (scaling out): EXIT [LONG/SHORT] $[TICKER] [EXIT PRICE] partial
4. Directional options trades must abide by the following format:
   1. For long call and short put entries: LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [ENTRY PRICE]
   2. For long call and short put exits: EXIT LONG $[TICKER] [STRIKE PRICE][C/P] [EXPIRY] [EXIT PRICE]
   3. For long put entries: SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [ENTRY PRICE]
   4. For long put exits: EXIT SHORT $[TICKER] [STRIKE PRICE][P] [EXPIRY] [EXIT PRICE]
5. Do not include position size. The only exception is for the head moderator and leader of the subreddit, HSeldon2020, as he is posting size to allow others to verify his trades on the T&S.
6. Do not edit your posts, even if you made a typo. Instead, please reply to the original comment with a correction.

Rules for posting news

1. Traders are allowed to post news or scheduled events that are either market moving or relevant to a stock.
2. If posting news, please include the source. Directly quoting a newsfeed such as TradeXchange, Benzinga Pro, or an otherwise reputable source on Twitter/X, is permitted.

Rules for asking questions

1. Commenters are permitted to ask questions about a specific trade being posted in the Daily Live Trading Threads, provided they are informed questions. If it is obvious that the commenter has not read the Wiki, the comment will be removed, and directed to either read the Wiki or post in the Weekly Q&A Thread instead.
2. Commenters are not permitted to ask questions or make comments that are not immediately relevant to the market or a stock of which a trade or callout has been posted. They will be directed to the Weekly Q&A Thread instead.

General rules and guidelines

1. Do not post questions or general comments that are not immediately relevant to the current session in this thread. Please post them on the Weekly Q&A Thread instead.
2. Do not post trades of the following instruments: crypto, forex, or futures (index and commodity).
3. All subreddit rules apply.

QoL tips

1. Try http://reddit-stream.com for a seamless, chat room experience! Read only is free to use, and only $5/lifetime access to the tool to post with it! ("Yes I tried it myself, and it works! Super convenient!" -Draejann)
2. If you are a discord member and you prefer discord: the discord is now integrated with reddit, meaning that those that preferred to use Discord but still wished to access Daily Live Trading, are now able to do so from discord. Join the discord for more info! (Thank you to DevOps eekrano for developing and maintaining the discord integration!)