Day Trading $UBER | $500 Account Follow Along Day 50

Day 1: Explaining the strategy
Day 2: $PLTR Trade Idea 
Day 3: Buying $HOOD
Day 4: Up 5% on $HOOD
Day 5: Entered $UA Trade

Day 6: Trading In Puerto Rico
Day 7: Introducing Beacon
Day 8: S&P 500 Record Highs
Day 9: Robinhood Makes Moves Into Crypto
Day 10: Roaring Kitty Meows

Day 11: $GME Trade Idea
Day 12: $NIO Trade Entry
Day 13: Taking Profits In $HOOD
Day 14: Stopping Out Of $UA
Day 15: Stopping Out Of Everything

Day 16: No FOMO
Day 17: 6 New Trade Ideas
Day 18: Entering $ACB Trade
Day 19: DXY Says To Stay Out Of The Market
Day 20: "Shoulda, Coulda Woulda"
Day 21: $CCL Hits Target 1
Day 22: Trading Psychology Book Club Week 1
Day 23: $NKE Earnings Play
Day 24: Adding Day Trades To Our Watchlist
Day 25: Learning From Our Mistakes
Day 26: How Our 4H Candle Strategy Works
Day 27: Why I Am Bullish On $TKO
Day 28: Celebrity MemeCoins
Day 29: Stocks Near Our Entry 
Day 30: TheStrat
Day 31: Coaching Program Season 2
Day 32: $SWBI's Funky Chart & $TKO Entry
Day 33: Month 1 Portfolio Review
Day 34: The Importance of a Coach
Day 35: $NKE Trade Entry
Day 36: Positive Trading Mindsets
Day 37: Time To Go Cash Heavy?
Day 38-48: Traders Paradise Conference In Florida
Day 49: TraderSync Overview Of My Trades
Bonus: Using TraderSync To Track My Trades For This Account

Interested In Having Jay As A Trading Coach So That He Can Teach You How He Finds These Trades? Click here to get started!

Hitting the Pause Button and Exploring New Trading Avenues

The $500 account challenge is taking a short detour! With Jay, our strategy mastermind, currently out of commission (vacation overseas), and the market feeling a bit like a roller coaster, we've decided to hit the pause button on our swing trading strategy.

It's not that we doubt our ability to trade these plays independently; it's more about maximizing our learning experience and capitalizing on the current market conditions. This strategy has been a whirlwind of learning over the past 50 days, and having Jay's guidance has been invaluable. Much like driving without a seatbelt, while technically possible, it's not the safest or most comfortable option.

So, what's next? We'll be shifting our focus to day trading options, a strategy we've employed in the past. Additionally, we'll be diving deeper into a new day trading strategy involving the 200 MA, Stochastic Oscillator, and RSI (check out the discord for more on this strategy). To hone our skills without risking real capital, we'll be utilizing TraderSync's Market Replay feature for practice.

While we're taking a break from our swing trading watchlist, it's worth noting that both $UBER and $M have triggered entry signals. Although we didn't enter these positions, it's exciting to see the strategy working as intended. Those who did take advantage of these setups have been rewarded with gains so far.

$UBER Day Trade

I entered a day trade on $UBER today, using the new strategy I've been talking about in the discord. $UBER was trading around $63.21 when we entered the CALL. I went over the whole trade in the discord with live updates.

I tried averaging down on my contract when the price hit the 200 MA, but I didn't get filled.

I was able to get filled a little later on in the trade, bringing my average down to .90 on two contracts.

I was able to hit my target of $1.04 around 30 minutes into the trade, selling both of my contracts there for a 15% gain. This brought my portfolio back above $500, as I broke below $500 last week due to forgetting to set stop losses on a few plays.

Those contracts ended up running as high as $2.40 (160%+ potential gain) but I sold at my target and hit my goal so was happy!