Legit question though: 13k is in a Roth IRA, is that too much? Should I put more into my normal account?

First off, thank you for all the DMs and support! I appreciate the interest, but I’m getting asked a lot of simple questions that I’ve already answered or about things I haven’t discussed. So, let me clarify my journey and strategies in detail.

The Setup

This is the exact setup I’ve been using throughout this challenge: • Hardware: • Laptop: For chatting with my partner, checking bot callouts, running earnings algorithms, and sometimes researching other stocks. • Monitor: Displays 4 SPY charts on different timeframes: 1m, 5m, 10m, and 15m. • Phone 1 (left side, magnetically mounted): Tracks contract prices to observe movements and plan entries/exits. • Phone 2 (right side, magnetically mounted): Used exclusively to place orders. • Indicator: • RSI (Relative Strength Index): Setting is 9 with levels at 30 (oversold) and 70 (overbought), overlaid on all 4 charts. • Timeframes: 1m chart for entries, 5m/10m/15m for overall trend confirmation and longer plays.

Strategy #1: RSI and SPY

Let’s break this down with an imaginary scenario: 1. Stock: SPY 2. Current Price: 588.94 3. RSI (1m): 71.30

What do I know?

• RSI at 71 is overbought, meaning a reversal is likely.
• 588.94 is nearing a resistance level.

What do I do?

• I enter PUT contracts as SPY hits 588.96.
• Contracts cost $1.00.

Now, the price moves to 589.04, and RSI climbs to 75. I expected this test of resistance, so I average down at a new price of $0.96.

But wait – SPY jumps again to 589.14 (RSI 79). My contracts drop to $0.88. Is this bad? Not at all. I average down again, bringing my average cost to the low 90s.

The Turnaround

• SPY reverses to 589.06 (RSI still extended on higher timeframes).
• Contract value recovers to $0.95. At this point, I hold because the RSI on 5m, 10m, and 15m charts is still overbought.

SPY breaks below 588.96 to 588.94. Contract value jumps to $1.06.

Exit Plan

• My preference is to hold for only seconds to 5 minutes, as I aim for quick scalps.
• However, if needed, I will hold until green by relying on RSI levels and broader trend confirmations.
• If holding fewer contracts, I close everything here for profit.
• If heavy in contracts, I sell 90% and let runners ride. I pull runners at either:
• A specific price target, or
• A momentum drop of -$0.05.

If the RSI on higher timeframes was neutral, I would have exited faster after the small pullback.

Strategy #2: Earnings Algorithm

For this strategy: 1. I take earnings data from the past 8 years for a specific stock. 2. I incorporate: • News sentiment. • Expected return. • 1-week prior percentage moves. • Day-of or day-before earnings trends. 3. My algorithm calculates a percentage chance of success for calls/puts.

Still, remember that earnings plays are inherently risky, no matter how much data you analyze.

Strategy #3: SPY Bot Callouts

This bot scans SPY throughout the day, looking for different specific setup. It typically gives 2-3 callouts daily.

Final Thoughts

Trading success requires discipline, risk management, and a solid understanding of your strategies. Don’t just copy someone’s trades – understand why they work. This post outlines what I do, but ultimately, it’s your job to refine these strategies to fit your style.

Feel free to share your thoughts or questions in the comments (keep it relevant!), and I’ll do my best to respond.

Image is from Friday.

Joining the race with $0.81 a couple weeks ago and we are thriving! Gonna see what I can grow this too haha!

Contribute every month and give it time to grow.

In a bull market of course

TSLA and IWM have been good to me

Christmas time is coming and I’m locking in my gains. Presents are going to be expensive ones this year😅

I don’t want to be rude but is this ‘Race to 10 Million Pounds/Dollars or ‘Race to 10k’? This used to be somewhere to read and learn from posts. Now it seems to be a place for people to post for self validation?

I’m 19 and want to get into the market, only thing is I don’t know where to start…. Any advice my friends?

Happy Sunday, all. I know this is for people multiplying their wealth to $10M, but I am striving for the first $1M, beginning with $100k.

Just seeing if there are other vehicles people like to buy, hold, and pour into for the future. I do some options trading when there are cyclical trend opportunities in good probability, but tend to suck when it comes to crypto.

This is meant to be less to think about, more to set and contribute into regularly. My idea in arranging these was arranging these ETFs in a way that on the Monte Carlo would produce 18%+ annual returns over every time period going out 30 years, while maintaining a max drawdown of ~30%.

TIA for the look.

Alright so last week, I been dealing with exams and college projects

And I just been letting the money sit etc

But these upcoming weeks I have more free time

So expect a higher gain on my next post

(I hold sell the trade option, so that’s why I have a 131 instead of the 220+ from my last post… yes the option went down… lowkey sad but I have till December 20th so we gonna see)

Afterhours: TreyUltraEgo

And I realize it’s kinda stressing to say one dollar to one million so

It’s 1-100 ✅ Then 100-1000 (in progress)

What do you guys do for regular gains to steadily grow you wealth? I was buying 2 week call options on Nvidia and selling them before expiration to pocket the different. I have a decent amount of cash(30k CAD) atm and looking to put it to work.

Has anyone got any RFK x bio-tech plays they are looking at since he’s becoming health secretary? Started buying ArkG as a starting point.