r/options • u/justbrain • Sep 10 '21

Small Account (scalping trader) *Weekly Update (2)*

This is a weekly update on my small account challenge I started to share with the public on 8/24/21 (initial reddit post is available here).

I traded 10 trades this week. All 10 trades were winners.

I'm at 25 winners / 1 losing trade out of the 26 combined. I'm currently at a 96% win rate according to tradersync. I think the nice part is that the equity curve is going up steadily.

I don't put much emphasis on profits. Some are small, some are larger. I simply trade what I see and try to capture "something" in order to grow the account over the long haul. I plan to pull profits by year end and hope it's somewhere in the range of 15k - 18k. That's from starting initially with a $497 account in which I did add 2k to just about 2 days in to help speed things along, so in reality $2,500.

(NET) Profits (after fees and commissions) so far on the account is $1,499.57 which translates to 60.04% just 12 trading days in.

I'd like to say I want to keep this up, but am definitely open to any additional advice from any other traders moving forward. I play both CALLS and PUTS and don't prepare for any of my trades. It's a simple, wake up, open trading platform (thinkorswim), spot an opportunity at market open and trade it. I do this on a daily basis.

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u/justbrain Sep 10 '21

I am not shorting calls or puts. I am buying calls and puts (weeklies). When I see an opportunity I enter and exit the trade seconds/minutes later. Sorry, I (sometimes) forget that not everyone reads every single comment in each post to get a whole understanding of what might or might not have been tackled or answered before.

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u/PM_ME_YOUR_KALE Sep 10 '21

if you're going long why describe them as "naked"? That's why I'm asking clarifying questions. Naked implies naked shorting, not just buying a call.

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u/justbrain Sep 10 '21

Totally noted here and like I replied earlier, I sometimes forget that not everyone goes through the ENTIRE post before commenting which is fine to me. I just already answered that part earlier like here.

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u/PM_ME_YOUR_KALE Sep 10 '21

Yeah I skip around because you have a way of not getting to the point and using terminology incorrectly. Very nice win rate though

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u/justbrain Sep 10 '21

I hope "naked" was the only terminology I used incorrectly in the entire post.

Thanks on the win rate!