r/wallstreetbets May 4, 09:55 PM
1.6k to 20.5k in 3 months Reloaded this account in February with 1.6k after a years break. I was determined to strictly scalp 0dte SPY options with this account, aiming for 10% daily average returns, and by god I've done it.
The primary strategy I've been using is using the MACD indicator like a bible. If momentum isn't fading on the 1 minute I ain't buying. I was sadly born a bear, so I typically play for ATM 0dte puts. Yes, I have been buying puts on the this whole rally up. How am I still profitable? Fear of the V like the devil. Any aggressive down move will be an instant take profit for me.
I would like to post specific trades but that's not really viable here, I have made over a thousand orders in the past 3 months using a cash account to get around the PDT rule(May it rot in hell in a month).
The account had a rocky start, at it's lows was at $900, till I finally locked in. As you can see in my All Time chart, this account is officially up 100% since creation, after blowing it last time trying to short Tesla(never again). If you look at daily gains you will notice how they start small and slowly accelerate. If you take anything away from this post, take away that gains compound, and you don't need to risk blowing your account in one big trade. Well that's all for me, Going to be throwing this whole thing at AMD puts tommorrow!
submitted by /u/Wrath_FMA
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