/biz/ - Business & Finance

>>55535484
Ive actually gotten better over the years. My first year I lost $2000 on a meme stock when it was a casino and had a pit in my stomach all day. Three weeks ago I misjudged my exposure to vega on a spread and lost $900 and had a laugh at it.
>hey coworker guess who got $900 on an option trade!
>you did? Wow congrats!
>haha nope the guy on the other end of the trade :D

Anyways, if I had to strip away my retardation, my sytem is more or less NNFX. That is, TA and trends with 2% risk per trade. I need to find a set of indicators to use and back/forward test and Ive been lazy with it. Happy to not trade and sit on fixed income instead of blowing out my ass on bad moves right now

Having said that, I did a nice swing on UUUU the other day and closed it today. There was a decline into a red candle into a support zone, then a bullish rejection. The third candle was a tight gap up so I took it and had a great rally today. Couldve made 12% from calling the bottom and top, but a 2.3% return on a trade is fine too. Just gotta be consistent as you say

>Buy 340 shares of UUUU the other day
>Sold half for $40
>Sold the rest just now (SL triggered at 6.16)
>Total profit is $56.09 after fees against initial capital of $2,032.69
>Total gain of 2% in 2 days
Pretty comfy. I'd rather have small wins than small losses. I executed my trade pretty well and could've made more but I wasn't greedy, I followed my plan. It'll happen again in a few weeks, too.