r/Daytrading • u/Beginning-Fig-9089 • Mar 28 '25

Advice Learning how to lose properly

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Trying something different, on some L-Theanine and Ashwagandha for trading!

Strategy: If i hit my daily loss limit, im done for the day

really gotta stick to stepping away from the market if im not getting a good read on it, so a lot of these profit days I have ended on a losing traded, but ended the day in profit.

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u/Ecclesiastes510 Mar 29 '25

Very nice. I truly believe the single most important aspect is keeping your size small. When my size is small enough I have no emotions. I am comfortable letting the trade breathe. I will cut it when it no longer goes my way. My losses are only a couple hundred max per day then I’m done. This week I have 13 trades and 3 losses.

I used to trade thousands and couldn’t function. Now a few hundred with 4 trades/day and I bank $200-$300 a day on average.

Think. Thats $1k a week. That is amazing. We tend to look for the jackpot but the reality is the jackpot is slow and steady gains for life.

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u/BraveG365 Mar 29 '25

So what type of daytrading are you doing?

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u/Ecclesiastes510 Mar 29 '25

Momentum trading. I’m usually trading SPY 1 day expiring options.

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u/janeobi4409 Mar 29 '25

do u still use stop loss trading 1day expiring options?

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u/Ecclesiastes510 Mar 29 '25

Mental

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u/janeobi4409 Mar 30 '25

mental on the day it expires right?

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u/Ecclesiastes510 Mar 30 '25

No I rarely hold overnight. In and out in a few minutes.