Michael Schweighardt

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Michael Schweighardt

10-March-2025 - Monday 🟩 day (SIM)

Stopped out 5 times before finally catching the move.

Traded AMD short. 3 Option contracts. ATR was about 5. I kept getting in too early and getting stopped out. i got annoyed and waited. Noticed it hit it's top and started to finally reverse. that's what i was waiting for and trying for.

i went short and i went a little heavy. i usually take one contract, i took 3. my targets were 3R, 4R, and 5R. All hit!
- March 10
1. Michael Schweighardt
  
  so.... i lost 5R on those first 5 tries, then i hit on that last one. the last trade had 3 targets. 3R + 4R + 5R = 12R.
  
  i still was green today with 5 losers because 12R - 5R = 7R profit.
  
  my money amounts are small right now. 1R = $15.
  the point is, i can scale up. i can make 1R = $100 or whatever. as long as i know my system can get me green after 5 losers.... i will be just fine.
  
  March 10