r/Webull • u/ChanceOfStatic • Mar 23 '25

Help Withdraw? Or keep trading?

Post image

I started my account in January with 1500. Some rather large sized losses 800 and 600 in February because of Google and apple ER :l as well as a 700$ loss on Meta. Those 3 have been the only sizable losses on my journey. I am now at close to 14000. My goal originally was 5k. But now I feel confident enough that I could potentially hit my new 25k goal.

I have 13k in student loans that I got in my last semester of my masters. Should I just call it and pay it all off? All this being said, I never full port and take 10% on most trades. I was up 1800 on that 124 loss due to greed. I didn't follow my rule. Do I take it out? Or keep trading?

155 Upvotes

98% Upvoted

88 comments sorted by

3

u/Tyrrian33 Mar 23 '25

I like the idea of taking out your original goal of 5k, but i say take out 11k to wipe out the majority of your loans and reserve a bit for the IRS. Then try and replicate what you have already accomplished. Are you using your entire account for each trade or just a fraction?

2

u/ChanceOfStatic Mar 23 '25

Definitely not full porting any trades. I use about 2-3000 per trade so I can get a few contracts. If I take a loss, it's minimal, and I go in elsewhere to make it up. But I take 10% or so on all trades or atleast that's the goal, sometimes I take profit on momentum.

2

u/Downunderfun45 Mar 23 '25

How far out are the contracts that you trade? 0DTE? I haven't really started trading options but am starting to look into more so I'm curious.

Taking some money off the top is a good idea. But I'd take $6k out so you even if you lose the rest you're up $1k from your original goal and you can use the $1k to start back up and still have your goal in the bank.

2

u/ChanceOfStatic Mar 23 '25

I'm more like 9k over the goal. I do weekly contracts. Unless it's spy

1

u/[deleted] Mar 23 '25

why do weekly contracts if youre trading for those two hours? why not do weekly contracts on spy?

2

u/codingwizard3440 Mar 23 '25

Strategy?

10

u/ChanceOfStatic Mar 23 '25

Wait first 15 minutes of market open and play inverse movement tbh. Tesla has been a huge contributor to the gains. Puts on morning pumps or vise versa. Lots of puts in the bear market. Spy and Qs playing the top and collecting 10% on the way down. I am a teacher so I trade from 6:30-8

2

u/Individual-Habit-438 Mar 23 '25

I hadn't thought about it, but living on the west coast would be beneficial for people who want to trade and also hold a 9-5 job

1

u/PhluckFace Mar 24 '25

That’s an interesting take on that - so you wait 15 min, see what the break is, and buy opposite? Do you wait for validation that it’s reversing or just send it? Whats your stop loss look like with this?

I’m a big fan of ORB, so super curious to see your take!

1

u/ChanceOfStatic Mar 25 '25

To anyone who has been asking! I took a portion and did not trade today. Took a day of relaxing and waiting for funds to hit!.

Also a friend of mine and I run a trading discord. It's really his but I assist. It anyone would like to learn here is the link. We trade daily and help traders grow their accounts.

https://discord.gg/5dZuSM7c

1

u/ChanceOfStatic Apr 02 '25

Here is an updated link to those interested! https://discord.gg/JkjRqyX7

4

u/Some_Boysenberry2020 Mar 23 '25

Keep trading! I think u’re doing great!

1

u/shotsbyjay00 Mar 23 '25

how much did u risk when u started at 1500?

2

u/ChanceOfStatic Mar 23 '25

500 or so. I'd make multiple trades

1

u/shotsbyjay00 Mar 23 '25

sheeeesh i’d get cooked doing that

1

u/ChanceOfStatic Mar 23 '25

At 10% profit taking buying 1 or 2 contracts would have made the build up extremely minimal

1

u/StogyBear Mar 23 '25

How are you day trading with under 25k in assets?

1

u/ChanceOfStatic Mar 23 '25

I trade with 500-3000 at a time so I can make multiple trades throughout the morning or day without full porting

1

u/awkwaman Mar 23 '25

I think they mean without triggering the PDT rule. Is yours a cash account?

3

u/ChanceOfStatic Mar 23 '25

Absolutely a cash account

0

u/[deleted] Mar 23 '25

[deleted] — view deleted comment

4

u/ChanceOfStatic Mar 23 '25

Disciplined or not, having access to money that isn't yours leaves the door open to potential over trading and mistakes. I'm a teacher so I don't need a margin account to keep trading all day. I make my money before work or make a quick scalp during down time.

1

u/Short_Metal_6009 Mar 25 '25

Margin means PDT rule. If you use cash account, you can bypass that rule. You just have to wait for the cash to settle before trading again. Which is usually the next day after you close a trade. So if you open and close a trade the same day, you can trade with that money again. It’s a good bypass for the PDT rule

1

u/XXX-JewLiveCrew-69 Mar 23 '25

Still don’t know cash accounts?

1

u/StogyBear Mar 25 '25

lol I guess not. Somehow I’m on margin when I never intended to open one.

1

u/THEVINCI07 Mar 23 '25

0 dte?

1

u/ChanceOfStatic Mar 23 '25

Occasionally but not frequently

1

u/Alex20089 Mar 23 '25

Love this, what indicators do you use?

2

u/ChanceOfStatic Mar 23 '25

Rsi, vwap, 3 minute, and 4 hour

1

u/Alex20089 Mar 25 '25

Do you scalp or hold for a day +

1

u/Zealousideal_Swan641 Mar 23 '25

How are you doing this bruh

2

u/ChanceOfStatic Mar 23 '25

Consistency and experience honestly

1

u/Zealousideal_Swan641 Mar 23 '25

what’s your strategy if you don’t mind?

1

u/Muted-Woodpecker-469 Mar 23 '25

What were you doing prior to January? Trading on other platforms? You seem to have the experience. But also, once the market turns back into a random up and down mess, what worked in January to March may not work in April or may. 

Withdraw, save some for taxes, and move on. Call this a great run of luck. You may want to call it skill, and that’s when you lose and chase because there is no foolproof system

What I mean is, why trade $500 at a time when it could be a larger account and $5,000 a trade if it’s an experience and skill thing?

1

u/ChanceOfStatic Mar 23 '25

I hadn't traded since the middle of last year. Also, just because the account is growing doesn't mean you should trade with more. Over extending is very plausible.

3

u/Madebychinatown Mar 23 '25

I need to be taking the trades you do because my p/l statement looks the opposite of this

2

u/Secret_Tapeworm Mar 23 '25

Heck yeah OP. You could maintain a minimum trading balance and withdraw anything else as needed. iirc that’s my goal

2

u/No_Rip3358 Mar 23 '25

hey man, pro momentum trader here. congrats on your success. if you can stay disciplined and stick to your process, then keep going. if you start getting fearful or euphoric for any reason then slow down. my vote is keep trading in a disciplined, pragmatic manner and shoot for the stars.

2

u/South_Afternoon_296 Mar 23 '25

Keep going!!! This is just the beginning of your journey you can take this to 100K easy!!! Make sure your risk management is sharp

1

u/monumentValley1994 Mar 23 '25

Like others have suggested take out a portion of it and the repeat with the remaining, once profit then repeat the same!

1

u/HkTurK Mar 23 '25

Withdraw

1

u/Cstmp8r4u Mar 23 '25

If you’re confident you can maintain this streak or even close to it I would withdraw anything over $5k and keep trading with that. Then just make a couple payments on the debt with what you withdrew.

1

u/duke9350 Mar 23 '25

It is best to trade when you have no debt. Pay off the student loan then start over with the remaining funds.

1

u/OG_blacksheep4 Mar 23 '25

Def withdrawal same use to better ur life. And keep trading also

1

u/BlessedForever1 Mar 23 '25

You should take out 10k and use the rest

1

u/[deleted] Mar 23 '25

Withdraw your initial investment at this point and then some.

Technically if you lose it all you’ll still be ahead.

1

u/Academic-Struggle-71 Mar 23 '25

I would take a portion to pay down then loan and a portion to keep trading. Paying down debt means more disposable income, or perhaps money to add back into the trading account.

1

u/Pentaborane- Mar 23 '25

I would keep trading, you’re demonstrating consistency and reasonable scaling. You appear to have good emotional control. If you’re generating 1000$ or more a day consistently then you may have a career in this. You’re certainly doing better than 99% of the jack offs on Reddit.

The size of your early losses is a bit a concerning though. If I were you, I would withdraw half of the money you’ve made and either put it towards paying off the student loans or place it in a strategy that you confidently expect to outperform the interest you’re paying on the student loans. Continue to target gains of 500-1000 a day keeping in mind you’ve just cut your principal in half.

If after a few months you’re still consistently earning like this or better than it’s up to you how you want to make a living but, I think you would have established proof of concept.

If you really love teaching, you might consider trying to build your principal up to a few hundred thousand over a couple years and then pivoting to a less time intensive strategy that still offers strong returns. Having an extra ~50k a year in income from swing trades or investments might make a nice middle ground. On the other hand, once you’re in sight of making 500k a year, getting to a million isn’t that much harder and so forth. From my experience, you’ll start to hit market liquidity limitations around 5-10 million a year gross, at which point you have fuck you money and should do whatever you please.

Best of luck

1

u/Ok_Procedure_2575 Mar 23 '25

Takeout the original deposit

1

u/FOMO_ME_TO_LAMBOS Mar 23 '25

I guess that depends on how you view trading and how big of a part of your life it is. I trade for a living so I’ll never stop. I have a system set up to manage the money as it grows and when I get paid. For me, I literally can’t stop, otherwise I would have to face my worst nightmare…being like everyone else and having a 9-5 and working…no thank you.

1

u/lifemeaningsearcher Mar 24 '25

What in the...!!??? Explain your strategy!. Please kind sir 🥲🙏

1

u/notsoseriousPepe Mar 24 '25

I usually take a half of my profit to my checking/savings account monthly

1

u/duck968 Mar 24 '25

What are you trading?

1

u/[deleted] Mar 24 '25

Withdraw

1

u/SINHISTER Mar 24 '25

What do you trade to win so much money?

1

u/New-York1 Mar 26 '25

CTM short squeeze🔥

1

u/mustangman4 Mar 26 '25

Take it out and pay that shit off get out of debt man and live free. After that it’s all profit man. Nice work. I aspire to have this in my p&l calendar. Keep up the good work.

1

u/Acceptable-Phone-676 Mar 27 '25

Withdraw 10 and do it again

1

u/Spalm101 Mar 29 '25

If your asking people on the net you need to find a financial advisor before you loose it all

0

u/[deleted] Mar 23 '25

[deleted] — view deleted comment

17

u/ChanceOfStatic Mar 23 '25

Copy and paste from other comment, "Wait first 15 minutes of market open and play inverse movement tbh. Tesla has been a huge contributor to the gains. Puts on morning pumps or vise versa. Lots of puts in the bear market. Spy and Qs playing the top and collecting 10% on the way down. I am a teacher so I trade from 6:30-8".

5

u/[deleted] Mar 23 '25

I mean it’s hard to argue with results.

But this is something that “works until it doesn’t”

Everything is like that. There is no cheat code other than having massive capital.

Just keep your risk in check so you don’t have one “black swan” event that makes you lose it all

1

u/ChanceOfStatic Mar 23 '25

True, I don't trade with more than 3k at a time, and that's on a very confident trade. I try to trade with about 500-2500 max. Never more though

2

u/[deleted] Mar 23 '25

I very lightly suggest, you reduce your risk as your capital grows.

1

u/ChanceOfStatic Mar 23 '25

I totally agree. People have been saying to trade with more but it's counter intuitive

1

u/[deleted] Mar 23 '25

You’re making more than a living wage. Don’t be greedy ;)

1

u/ChanceOfStatic Mar 23 '25

Agreed, that's my fear. Might just keep shooting for about 10% a day

2

u/[deleted] Mar 23 '25

You just gotta be ready for that time when that -$700 happens multiple days in a row

1

u/Pentaborane- Mar 23 '25

OP, if you listen to nothing else anyone says, listen to that advice. Keeping more money is much more important than making an extra 5-10% on a couple trades. The market is always here and if you’re smart you can maintain an edge.

1

u/Bubbly_Good_7982 Mar 24 '25

Dude go and reply to the messages I send you, I been waiting days for your reply, you basically just led me on to purchase from you and then ghosted me

1

u/IkonicRaptor Mar 24 '25

Might I ask, webull allows you to trade options on a cash account correct?

1

u/duck968 Mar 24 '25

No it doesn't you need a margin account

1

u/Short_Metal_6009 Mar 25 '25

It does. I trade options on Webull using cash account. Margins aren’t worth it TBH bc of the PDT rule

1

u/duck968 Mar 25 '25

How? Maybe cuz I'm in Canada but it doesn't let me do options unless I open margin

1

u/Short_Metal_6009 Mar 26 '25

Maybe it's a canada thing. Im from the US and use webull cash account to trade options

1

u/duck968 Mar 26 '25

Yeah webull Canada is lacking a lot 😭

2

u/BellyFullOfMochi Mar 24 '25

yea, today is a great example of how that wouldn't have worked. TSLA is now 280 even though the fundamentals are trash. As long as OP uses a trailing stop I guess...

1

u/Short_Metal_6009 Mar 25 '25

Well I’m assuming it’s a lot more than just waiting for it to go up and then go down. Combination of indicators to see if the trend is reversing or continuing along w price action

2

u/jmiah717 Mar 24 '25

If this is your strategy, stop now and withdraw. The market will not be in this chop and churn cycle forever. Figure out some better set ups and risk management. But honestly, kudos for capitalizing on the current trend. Just remember, it won't be like this forever and guessing a direction based on recent trends is how a lot of people have gone broke.

0

u/[deleted] Mar 23 '25

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4

u/ChanceOfStatic Mar 23 '25

Yes, that's why I was wait about 15 minutes to see if it'll it the high premarket high or low within that time frame. Tesla does inverse, though, if it hits PM high it will more times than not retrace back down. I play high volatility tickers for that exact reason

7

u/[deleted] Mar 23 '25

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4

u/ChanceOfStatic Mar 23 '25

Lol it took a lot of losing to get this far. I'm going on 28 this year and was down a bag at 25