Thanks!! Sure, here we go: 1. the large drops in acct was "hulk" days ? Yes, some hulk days and some "deer in the headlights" days. 😄 2. Which tools u changed ? I went from DAS to TWS+TradingView for 2 reasons: 1- I wanted to trade options instead of shares, and TWS is much better than DAS for trading options 2- DAS is pretty expensive and I felt the monthly cost was pushing me to take trades to "make use of what I was paying for" and I wanted to remove that pressure. TWS is free, and TradingView is pretty cheap (around 300$/yr) compared to DAS, and I was already using TradingView for technical analysis anyways., I just love those charts and I find they are less taxing on my computer when calculating indicators in real time. 3. General or detailed info on strategy/setups and or risk reward as u profits are also very dramatic ? I used to scalp shares of stocks in play at the open using momentum, ORBs, engulfings, etc... kinda like what Andrew is doing. I was watching at least 4 to 6 different stocks every morning. I was also watching the level2 and Times and Sales for my active stock. I was using the automatic share size calculator by Kyle. It's complicated to explain exactly why it wasn't working for me but anyways... When I almost gave up in December of 2020, I decided to give myself only 5k$ for the whole year of 2021, and if I lost it all in the first week, just too bad, no trading for the rest of the year. And so, with such a little account, I had no choice to try options trading. I figured I would try to do the same thing as before, but scalping options instead of shares, and watching only 1 stock instead of 4 or 6. Since TSLA was and is still my favorite stock to trade, I decided to only look at TSLA every morning for a while and try to scalp options on it. It took a couple of months of setting up my new tools and adapting to this new strategy, and I almost blew up in the process (see the big drop to -27000 in early 2021, my account was less than 3k$ at that point), but I was able to recover and it finally started paying off. I also bought a macro keyboard to give me better control of my keyboard shortcuts and I feel like it made a big positive impact. I couldn't see myself trading without it now. So basically, I simplified my trading in many ways. I ditched the Level2 and Times and Sales windows, those were just too much information for my brain to process at the same time. I also went from watching multiple stocks to only one, which allowed me to really connect with the price action on the stock and feel what it wants to do a lot better. And I switched from shares to options and futures (I watch TSLA and MNQ for the market, so I will sometimes take trades on MNQ when I don't see anything on TSLA that I like), using only 1 contract on any normal day. Sometimes I will take more contracts when I'm absolutely certain of a move (I know there's no such thing as 100% probability but some moves can get pretty close to that) and I'll go up to 5 or 10 contracts which allows me to have those bigger green days. I also reduced my trading time to only the first 15 to 30 minutes most days, on rare occasions I will trade for the entire first hour but I try to avoid that as much as I can. Once I'll have a little green cushion (let's not forget I only reached break even yesterday), I will slowly increase my standard position size to 2 contracts instead of 1, then 3, 4, 5 etc. I'm hoping I can get to 5 contracts standard for the end of 2022, but we'll see. Right now I'm aiming for between 200 and 1000$ per day, and my max loss is around 500$ but its all good as long as I keep it under 1000$. I usually have 3 or 4 red days per month at most and they are usually more between 200-300 than 500-1000. Part of the simplification was also letting go of the chatroom, so I don't come in anymore, I trade alone, in silence. I can focus better and read the price action more accurately without the distraction. I hope that answers your questions, if you would like any other info, let me know! 🙂

Thanks! There are so many things that came together to make it happen, it's hard to choose only one. I would say that the biggest help was switching from shares to options, as it kinda forced me to take more risk (you can't take less than 1 option contract haha). I think one of the biggest problem I had was that I would take very little risk and make very little profit, then I would be frustrated to make so little money on the biggest opportunities, and I would then manage to have hulk days on bad opportunities because of that built up frustration. So when I switched to options, I started making more profits because of the bigger minimal risk involved, and that fixed something on the psychological level. I got confident I could make money, finally, and losing wasn't as big of a problem as before because I would be able to recover faster. That kinda tipped the balance in my favor (because I already had a good win/loss ratio, its just that my wins were too small compared to my losses) and gave me confidence. And it all went better from there. There was definitely a big psychological thing I had to get over about risking money. I used to be afraid to risk 20$, now I don't mind 200$. I hope that makes sense. But simplifying my tools and watching only 1 stock was probably as important.

Hey everybody, Today is quite an important day for me. I've finally managed to get back to break even after being in the red for 4 and a half years since I started day trading. I'll be honest, I was starting to doubt my ability to ever become a profitable trader at the end of 2020, and I thought about quitting. Investing so much time and effort for years, only to see money disappearing from your account is very hard on morale, of course. One thing that kept me going was the fact that, even though my account wasn't getting better, I felt like I was always making a little progress on both the technical side and the psychological side. I figured if I kept going, one day, I would finally turn the corner. Well, I turned that corner at the end of 2020, when I changed my approach, strategy and tools all at the same time. It took me 4 years to lose 25000$, and only 6 months to make it back. And frankly, I'm pretty excited to see what the next couple of years will look like as I'm only starting to ramp up my size. I wanted to share this with you guys because this chatroom is one of the reasons why I was able to make it work for me, and I figured it could help motivate and inspire anyone that is still struggling to find their marks and make it work for themselves. As you can see from my total realized P&L of the last 4.5 years, I had a pretty long and difficult journey. I just wanted to say this: As long as you feel that you're progressing at least a little, and if you like what you are doing, make sure that you give yourself the time and the tools to keep going because you never know when you'll be turning that corner. I surely didn't expect it, not more than a year ago I was about to call it quit, and it would have been a monumental mistake. Let this be an inspiration for those still struggling.

I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!

The search option is always available in the education center. Best of luck.

Congratulations! How do you manage your risk on those options trades? Is it similar to Kyle’s hot keys on DAS? Or do you cut it manually?

FlourishingWeee, Thank you so much for sharing in depth. Congratulations again and wish you all the best.

Hi, If you are looking for equities related videos, you can watch in the link below https://bearbulltraders.com/equities-center/ You can watch options related videos in the link below https://bearbulltraders.com/options-center/ Replay basically gives you list of stocks, so you can practice on the SIM. Best of luck..

By Tara Siegel Bernar Self-taught and sharing what they’ve found out, a new generation of retail investors is taking the markets — and not memes — seriously. In March last year, Kiersten Crum was a stock market novice. The pandemic had forced her college classes online, her father’s bar was temporarily closed, and she started working at a grocery store to earn extra cash. With $500, she bought shares of the Carnival cruise line, her first foray into stocks. Now she has a five-figure stock portfolio, she’s in the middle of a gap year to focus exclusively on trading, and her online presence — be it on Twitter or TikTok — is fully turned over to what she calls her stock market obsession. “I started teaching myself as much as I could,” said Ms. Crum, 21, whose interest was piqued by an investment club meeting just before the coronavirus shut down her campus last spring. https://www.nytimes.com/2021/04/28/your-money/stocks-investing-tiktok.html?referringSource=articleShare