SPXSPY Not an investment advice, but I bought SPX 5630P expiring today. Price is getting rejected by EMA200 on 15M, and I expect a major downfall anytime soon. I am trading against the trend, so I am ready for any unfavorable situation.
SPYSPX Quick suggestion to everyone: If you have a small account (less than 25K), then you are not able to do more than 3 trades in 5 trading sessions/days. To remove this restriction, you can convert your margin account to a cash account, and the PDT restriction will no longer apply to you as long as you have a cash account. I thought of sharing it with you in case you are not aware.
SPYSPXAAPLTSLANVDA Good morning, traders! Day 2 of the #AprilChallenge ($500 to $5000).
Previous day quick summary: Lost $208 on the first trade and made $2110 on the second trade. The initial balance was $514 + $100 (to balance fees and taxes). The ending balance was $2724.
IMPORTANT NOTE: My account is larger than this amount, and I have some open positions simultaneously. I am only using an initial balance of $514 to complete this challenge. As of now, taxes and fees are not included in the initial balance or P&L.
04/02/2025
Initial balance : $2724
Capital to invest today: Not more than $600 for each trade and not more than $1000 all day today.
Maximum loss capacity: $500
Profit target/expectation : Anywhere between $600 and $800
Max. trade : Only two
Let's start the #AprilChallenge (drumroll). Share your progress below if have joined this challenge. Thank you!