The Make Money Online Thread

[Bboystyle]

Thank you for responding, breh. For real.

All of the bolded are things I have know idea of. I mean I am completely lost reading that, which leads me back to my question of how/where did you learn it? Like even your screenshot, what website is that? And how are you trading on what appears to be a cell phone when I thought you had to have a pc with preferably at least 2 monitors?

I know you said videos but I’ve watched a billion “how to” trading videos and they ALL, without fail, go too fast and are way too vague and leave out a ton of small details that leave me clueless. There was a time when you didn’t know any of those things I’ve bolded, or any other small detail about trading, but there was a way that you learned. My question is just how/where?

The screen shot is of my broker WeBull. Its the platform i use to trade. Its showing u my daily profits (green numbers) and losses (red numbers). Yes u can trade on a phone, no i dont do it. No u dont need two monitors to trade and yes it is best to trade on a PC if u are day trading options the way I do because i need hot keys to buy and sell real quick. The only time i would ever trade on a phone would be for buying long term stocks or doing long term options.

Most day traders do not strictly trade just options because they are very volatile. A lot of them trade mainly FOREX and FUTURES. U can look up videos on how to day trade forex or futures to get an idea. I only do options so I can only speak on options. And until u get an understanding of the basics of options trading, all the bolded u ask for would be meaningless. Again, i learned the basics on how to trade options (calls, puts, strike price, and days until expiration) through online resources and videos. U dont need much info on this. Just understand what those terms are and mean. Heres a good beginners video on options:





when it comes to GEX and DEX, again, I learned this info from my mentor. Once u get an understanding on what options are, GEX and DEX will make more sense. I can break it down but u wouldn't understand what im saying. I mainly use GEX and OI (open interest) data to mark out minor and major support and resistance. Again, something u are probably thinking WTF am i saying lol. Well support and resistance is what determines when i enter and exit a trade. I can tell where price will go to and possibly stop or reverse based off GEX and OI data. Volume and prices action matters too as well (something else u will learn a long the way).

Just start on getting the basics of options trading, calls, puts, strike price and when the options contracts expire. I'd also recommend using WeBull to trade on because they also have paper trading which allows u to trade without using real money. So u can get used to trading and test any strategies u learn.

 

[Bboystyle]

@Ray D’Angelo Harris if this is all still confusing, just ask ChatGPT to explain options trading to someone new and include the terms (calls, puts, strike price, and days until expiration)

It will break it down better then most videos.

Once u grasp that, then u want to get a broker (like WeBull) and learn how to actually execute the trades.

 

[Bboystyle]

After seeing @Bboystyle 's success, I'm interested in learning myself. I got a pen & pad and have been taking notes from this video. 20 minutes in and it's pretty simple and informative so far. I learned that these trading apps have something called a Demo Account that lets you trade real stocks with play-money so you can build up your knowledge and confidence until you're ready to use real money. That shyt is dope!

I'm trying to learn as much as I can before I give it a real shot; any other good beginner friendly resources would be appreciated

did u continue with this? Its best to paper trade first to get used to the trades and how the markets move.

 

[Ray D’Angelo Harris]

The screen shot is of my broker WeBull. Its the platform i use to trade.

Soon as you said Webull I remembered hearing about that at one time, and so I went to the App Store to download it and apparently I already had it

Spoiler

…back when I first got the trading itch I had downloaded a bunch of stuff, probably like over a year ago(Webull, moomoo, meta trader 4), and then I kind of just forgot about them because I couldn’t find anywhere to legit learn how to even use them.

But what does this mean on my account about me owing $35 (isn’t it MY money? )….. and this liquidation mess? I don’t even know what stocks they’re charging me for

Its showing u my daily profits (green numbers) and losses (red numbers).

I also didnt know you could day trade on these apps, I thought they were for long term investing. I thought everybody traded in Meta Trader or in Trading View. But you’re saying you trade on these phone apps, but you also said you don’t trade on your phone

Yes u can trade on a phone, no i dont do it.

I’m about to just start back from scratch on the basics like you said. I’m going to just buckle down and watch those 4-hour long videos instead of the quick 30 minute ones.

Thanks for answering all my questions breh. One of the few people with the patience and the willingness to do so. Can’t thank you enough. Got my confidence back up after staying away from this stuff for over a year because I got discouraged trying to find somewhere to learn it. And I know I have the brains to learn it, I've got 3 YEARS of civil engineering education under my belt.

That’s engineering math, engineering level physics(just more brain busting math), Statics, GeoTech, and Strength of Materials- all which are fancy names for math, math on roids, math’ier, and math’est. If I can get through that crap I know I can learn day trading, just been struggling finding a good source.

But thanks again man

 

[Bboystyle]

Soon as you said Webull I remembered hearing about that at one time, and so I went to the App Store to download it and apparently I already had it

Spoiler

…back when I first got the trading itch I had downloaded a bunch of stuff, probably like over a year ago(Webull, moomoo, meta trader 4), and then I kind of just forgot about them because I couldn’t find anywhere to legit learn how to even use them.

But what does this mean on my account about me owing $35 (isn’t it MY money? )….. and this liquidation mess? I don’t even know what stocks they’re charging me for

I also didnt know you could day trade on these apps, I thought they were for long term investing. I thought everybody traded in Meta Trader or in Trading View. But you’re saying you trade on these phone apps, but you also said you don’t trade on your phone






I’m about to just start back from scratch on the basics like you said. I’m going to just buckle down and watch those 4-hour long videos instead of the quick 30 minute ones.

Thanks for answering all my questions breh. One of the few people with the patience and the willingness to do so. Can’t thank you enough. Got my confidence back up after staying away from this stuff for over a year because I got discouraged trying to find somewhere to learn it. And I know I have the brains to learn it, I've got 3 YEARS of civil engineering education under my belt.

That’s engineering math, engineering level physics(just more brain busting math), Statics, GeoTech, and Strength of Materials- all which are fancy names for math, math on roids, math’ier, and math’est. If I can get through that crap I know I can learn day trading, just been struggling finding a good source.

But thanks again man

Yes u can trade/day trade on your phone. Im only say i dont do it because i need quick buys and sells which is impossible to do on phone.

No u dont need trading view to day trade. Every trading platform, even Robinhood, u can day trade on. Trading view is the popular one on youtube because of the personal indicators and features that day traders love to use is readily available on it.

If u have any questions, just holla at me

 

[Blackrogue]

i first learned about options through videos and how to trade them. Most the time u dont need to know the technicals on them (like theta, greeks, ect) just understand what strike price is, days until expiration, what in the money and out the money is. Know that 1 contract = 100 shares. I hyper scalp options so im in and out within mins. My strategy i use goes based off of major support and resistance , Gex, Dex, Volume and price movement. I dont do candles or trends primarily (though i use them to see which way price action may go premarket). I learned about Gex and Dex through a discord im no longer a part of. Other than that, its 80% psychology and 20% strategy. Know when to exit, dont revenge trade and take profits based off of support and resistance areas. Most folks like to hold for 50+% gains. I usually am in and out by +10% to +20%. My size position for each trade is usually $500-1k. So a 10% move will net me $50-$100. My portfolio never goes over 6k and never under 4.5k. I usually trade at opening because thats where the most price action is at and im usually done 5 to 10 mins after the bell. Any profits i make, i withdraw immediately so i dont give it back to the markets and i dont over trade. I usually do 2-4 trades a day and im done. Here's a screen shot of my gains and losses this month so far. Noticed how strict i am with my losses, thats the key. U cant trade options if u dont prioritize risk over profits. Been at this for 8 months now, and been consistently profitable for 4 months. Expensive lessons I took but well worth it.

there is a ChatGPT prompt i used to use to help me develop a trading plan that will help those who are just starting. I dont use it anymore as i can mark my own supports and resistance quickly enough just before open but im open to share it for those interested.

Please share. About the read the recommended books and want to add this to my information.

 

[hood b. goode]

Please share. About the read the recommended books and want to add this to my information.

same

 

[Bboystyle]

Please share. About the read the recommended books and want to add this to my information.

this the prompt i used:

You are a professional day trader who trades options.
You usually get in and out on the same day using weekly options (contracts expire that Friday) and usually trade during liquidity price movement during the open.

Every morning I will send you:

the 5-minute chart

the 1-hour chart

the daily chart

the premarket price

screenshots of GEX, DEX, OI, and Volume

I want you to analyze all of this and give me a full intraday trading plan.

The plan must include:

Major and minor support and resistance (categorized as Major support and Minor support separately)

Bullish and bearish scenarios (include confidence level for each scenario)

Clear entry levels (price entry)

Take-profit targets

Invalidation / stop levels

Which setup is higher confidence and why

I only do intraday trades and do not hold past the morning session, so anything involving longer-term holds or swing logic is invalid.

I will send one ticker at a time, and I want you to analyze each ticker after I send it, giving a full plan every time.

 

[Blackrogue]

this the prompt i used:

You are a professional day trader who trades options.
You usually get in and out on the same day using weekly options (contracts expire that Friday) and usually trade during liquidity price movement during the open.

Every morning I will send you:

the 5-minute chart

the 1-hour chart

the daily chart

the premarket price

screenshots of GEX, DEX, OI, and Volume

I want you to analyze all of this and give me a full intraday trading plan.

The plan must include:

Major and minor support and resistance (categorized as Major support and Minor support separately)

Bullish and bearish scenarios (include confidence level for each scenario)

Clear entry levels (price entry)

Take-profit targets

Invalidation / stop levels

Which setup is higher confidence and why

I only do intraday trades and do not hold past the morning session, so anything involving longer-term holds or swing logic is invalid.

I will send one ticker at a time, and I want you to analyze each ticker after I send it, giving a full plan every time.

Thanks i've subbed to some of the channels mentioned and reading list. Going through some personal development reading/ audiobooks to sharpen who I am and how I think, then will jump into these later when I have the appropriate window. But thank you, will hopefully lean on your experience later.

 

[Bboystyle]

Thanks i've subbed to some of the channels mentioned and reading list. Going through some personal development reading/ audiobooks to sharpen who I am and how I think, then will jump into these later when I have the appropriate window. But thank you, will hopefully lean on your experience later.

my advice, start with paper trading before going live. I went live off bat, wasnt mentally prepared/tough and became an expensive lesson. Unless u are built like some robot, i'd suggest u paper trade or trade really small at first and see if u have any emotions attached. Good luck and if u have any questions, just @ me in here