Posted to r/Stocktradingalerts, the original poster (OP) claims to have transformed a $130,000 trading account into $914,000, attributing this success not to luck or insider information, but to correcting common trading mistakes. The OP details past errors like chasing runners and overtrading, contrasting them with a current simplified approach focused on trend, momentum, risk management, and disciplined exit rules. While acknowledging that losses still occur, the OP asserts that they are now controlled, leading to larger winners and consistency. The post concludes by offering a "completely free of charge" checklist and strategies via private message to beginners or those interested in options trading and risk management.
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Claims & verdicts
The original poster (OP) increased their trading account from $130,000 to $914,000.
unverifiedThe original poster's biggest trading progress began when they stopped engaging in practices common among new traders.
unverifiedMost new traders chase runners after they have already moved.
unverifiedMost new traders overtrade on every red day in an attempt to "make back" losses.
unverifiedThe original poster now primarily focuses on identifying the trend first, using EMA levels and market direction.
unverifiedThe original poster now primarily focuses on momentum confirmation, using RSI and volume.
—The original poster now primarily focuses on considering risk before reward.
unverifiedThe original poster still incurs losses in trading.
unverifiedThe original poster maintains consistency in their trading.
—The original poster is not pretending to be a guru.
unverifiedThe original poster is willing to share their simple checklist and strategies for free with beginners or those learning options trading and risk management.
unverifiedThe original poster is currently busy sharing the checklist and requests interested individuals to send a private message.
unverified