So I've had a lot of back and forth with trading options over the years. Primarily they were losses. I cut my teeth with pennystocks and realized I was looking at charts upside down for the most part. Check my win percentage... if your under 50% with losses your probably thinking backwards I'm looking to quit my job and rewatch all of Tim's videos taking a 3k account to whatever the opportunities allow and full time while going to school. If I get one Karma by next week I'm thinking of pulling the trigger. I'll be focusing on plays like GME this last 2 weeks maybe throw in a long calls with long core positions. Any stock under 10 large or small cap whatever it is I prefer liquidity. If it's under a mil volume its prob too low. I'll primarily focus on simple 5% risk 10% reward and if a hot pennystock long presents maybe 10/20. You never have to take the 10% of course. Rarely will I short unless I caught a pump and dump. Anyway let me know I'll sub and all the works.
This read is very relatable to me - here's why: I recently (Feb) quit my job of 11 years right before things got crazy. I had been trading for about 2 years and knew this is what I was destined to do. My heart wasn't in my job anymore even though it is arguably one of the most interesting jobs in the world (which I will share eventually). Make ABSOLUTE sure you're ready and you have a back for your backup. Good luck! Keep us all posted on Profitly!
Also, I agree with you regarding the liquidity, volume, risk ratio...etc. Funny how they are so basic yet looked at so often amongst experienced traders.
My last day is tomorrow.
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