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What is the “25k250” challenge?

The “25k250” challenge is to make at least $100 every day for 250 days to make $25,000 in a full calendar year (there are 253 trading days in an average year, I rounded to 250 days). I took out a loan in the amount of $25,000 to day trade, and I began my challenge on January 2nd, 2020. You can track my daily progress in my blog. I completed my initial goal of earning $25,000 on February 28th, 2020. I set a new goal of earning $100,000 within 250 days. I completed this goal on May 21st, 2020.

Why $25,000 in 250 days?

I want to take a very disciplined approach. I believe earning $100 every day is realistic and low risk; consistent income every day is the goal. I am not interested in getting rich quick. I have studied the market for several years, and I believe the disciplined approach I have developed is effective. Lastly, I believe setting a goal and having a mission is a great motivator; It will help you stay focused. It’s a marathon, not a race.

What is my trading strategy?

My strategy is called day trade scalping. There are several different strategies you can take with regard to day trading, but I have found scalping to be profitable, low risk, and less stressful.

The main differences with my trading technique compared to the typical scalper are as follows:

  • I only trade Option Contracts.
  • When initiating a position, I do so based on the percentage change in a stock’s price. Each stock has unique movements that are typically consistent on a daily basis. Depending on the stock, when it reaches a specific percentage change, I will execute the trade looking for a quick reversal in stock price.
  • I do not use chart indicators (i.e., RSI, resistance, support, etc). I rely solely on a simple 5 minute real-time chart.
  • I only hold one position at a time in order to ensure I have equity available to average down my position if needed. Also, holding one position is a lot less stressful and allows you to be more focused.
  • I have a specific watch list of 30 stocks that I cover every day and I only trade these stocks. Most of these stocks are well known and have plenty of volume each day; none of them are penny stocks.

Is a Subscription Service Offered?

This website is informational and I will never charge you for anything. You can email me anytime and I will provide you with advice, guidance, support, or to talk stocks in general. I’m more than happy to help if I can. You can contact me here.


The “100k250” Challenge

I have a set a new goal to earn $100,000 within 250 days, continuing off progress already made from the “25k250” challenge. If completed, I will set a new challenge to earn $200,000 by the end of 2020.

Completed on May 21st, 2020.


The “250k250” Challenge

I have a set a new goal to earn $250,000 within 250 days, continuing off progress already made from the “25k250” and “100k250” challenges. This will be my final goal for the year.


84 replies on “About”

What tools do you use to look at spikes, Do you have a pre-determined list of stocks that you analyze of you look at the overall market.

Thanks for your question. I don’t use any tools. I have a list of stocks that I watch and I don’t typically add to this list. As you can see from my blog posts, I primarily trade the same stocks; large cap companies that have steady volume in options. I hope that helps!

I would be happy to provide you with some advice and guidance. Please email me with questions or anything in particular you’d like to know.

I started a Twitch channel that will allow people to see my trades live, but I haven’t fully implemented it yet. Unfortunately, there’s no other way to mimic my trades without a live stream because I buy and sell so quickly. So yes, for now this site is mainly for people to monitor progress and to review my daily trades to gather some insight into my strategy, which I hope may work for others.

I don’t have a specific target with regard to profit on my trades, I will typically sell as soon as I have made any type of profit. As far as losses go, I try not to lose more than 10% of my initial investment.

I like to have a website like you to track my trading. is there a template to show for daily report and monthly report. you can show me how to do it. thank you

you spend about $2000 and take profit at $60-$$80. or about 3-5% per trade . The spread or bid and ask for TSLA, NFLX,AMZN can give you that instantly if you buy as the Bid and sell as the Ask. is this what you are doing?

this is not what your doing. there is no way you are using Robinhood to try and make markets on spreads. The program is awful I have used it for options extensively before switching to different brokers that even allow market orders on options instead of Robinhoods delayed theoretical values that can be off by 50$ at a time in some cases. They even require increments of 5 or 10 dollars in options to even put on trades, so if you make a split second wrong decision and the options you are trading fall in value by 2 dollars well your out 5 if you want to exit and yes you have to guess the rate of change in your falling orders because you can only place limit orders and could theoretically keep missing your target by the time the program tries to execute.

and dont get me started on trying to enter trades…. it takes a good 30 seconds to place an offer that you dont get filled on an then try to cancel and then re-enter an order. 30 seconds is a long long time.

I have used the app on the web / android.

I feel like you are just making good day trades and thats really the key to your success watching the back and forth of bulls. If you really want to super charge your efforts i would recommends switching to a platform that doesnt take the other side of your trade and give you shit fills because they sell your flow to market makers.

try IBKR, TDameritrade (TOS platform is legendary), or tastyworks

yes the charge small commissions but honestly it is more then covered by the quality of service you get.

you will have to learn how to use them and i know that blows but i recommend it.

only reason i took the time to write this is because I want you do even better.

I would be very surprised to learn that you have tried trading on other platforms and prefer Robinhood for some reason.

Robinhood definitely has a lot of work to do match basically any other trading platform. It’s far from perfect, but thus far it has been very profitable. Most of my earnings have been made with Robinhood, but I have recently started using Etrade and the difference is quite noticeable. However, entering trades takes far to long. I’m getting faster with it, but still not as smooth as I’d like it to be. My main reason for using Robinhood is that entering trades takes like 5-10 seconds, the design is very user friendly, I really like the real time charts displayed for each stock I’m watching, and thr mobile app is very convenient on the go. I wish it wasn’t glitchy, but I’m sure they’ll improve it. I appreciate your feedback and advice! I’m comfortable with my setup for now.

I took out a $25k loan so that I could day trade. All of my earnings YTD has gone toward this loan. Once I have completed my goal, this loan will be paid in full and then I’ll have $25k in liquidity.

I use 1 minute charts. Entering a position is different for each stock. If it’s Apple, usually a .50 to .75% variation in stock price is a good time to enter. But if you are looking at Roku, then 1.50 to 2% change could be a good time to enter. I don’t use any type of indicator, just knowledge of how certain stocks trade on a daily basis through a lot of research.

Following your daily progress has been pretty inspiring! I just started to really get into trading and learning more about different kinds of trading out there. Are there any resources you would recommend in particular for options trading?

Thanks for following! I would highly recommend doing as much research as you can on options. Actually, I would do a lot of research on the stock market in general. You should practice for awhile before using real money if you’re brand new to everything. Stockhoot is an interesting website that allows you to practice, but you can also gain followers if you start to do well. I would start there.

Thanks for your question. I have a live stream through twitch, but I haven’t used it too often because it’s actually kind of a distraction. I’m still trying to find a way to show my trades in real time. For now though, I only provide post trade analysis.

Thank you. Have you started your own 25k250 Challenge or do you expect to start one? What’s your personal goal? I have no doubt you can accomplish it.

i would love to do it but don’t have 25k. I’ve been trading since 2018 and i am really enjoying it. My goal right now is to come up with 25k and do this challenge cause i have a feeling that you’re strategy is very effective.

I did not have 25k to start either. I took a risk and secured a loan for 25k. It is now fully paid off. You could try that as well if you’re able to do so and feel confident enough. It’s always a risk.

Hi!

A little late, but congrats on meeting your goal!
I joined your forum. Would it be possible (if you have the time!) to maybe post in trading techniques more about your strategy if you’re comfortable with doing so?

Thanks!

Hi, first of all thanks for all your transparancy. Great results overall. Question – how do you avoid losing trades? Lets say you entered a trade and it goes against you right away? How 99% of your trades are winners?

Thanks for your kind words and your question. If I enter a position too soon, I will average down on my position at least one. That usually works. If it doesn’t and IV is crushing me, I will sell for a loss. But I don’t average down too often. Overall, I think I avoid losing trades because my trading technique is effective. You can email me with more questions and insight if you’d like. Thank you.

Congratulation on your trade Can you share a process how do you decide to buy call or put on TSLA or AAPL or SPY on any day. Do you have a check list require to met before you make the trade. what is your email? please reply to my email aaaerealty@yahoo.com or text my cell 858-603-2007

Congratulations on your progress! How much time do you usually spend trading per day? Also, i am assuming you don’t hold positions overnight?

Thank you so much!! I used to be a social worker for many years up until this March. I decided to quit and trade full-time. Living my dream! That is correct, I buy and sell within minutes and rarely hold a position kvernihht; maybe once or twice a month.

Hello, How can one see whether you sell or buy those puts or calls options? Do you just sell or just buy and that’s the reason you don’t mention the buy or the sell?

Thanks for the swift reply. Yes I’ve seen your daily blog but it doesn’t say if the initial position was a buy order or a sell order, i.e. whether you sold the put option or bought the put option initially and then covered it later on. That’s what I’m trying to find out.

Or maybe I’m not understanding something fundamental in options that is clear from your daily posts regarding your trades!!

Hello , Congratulations, i see you have a consistent & impressive track record. I am wondering if you took some kind of training or was there any book/course that helped you in your trading?

Thank you! No, I haven’t taken a course or read any books. I learned by practicing a lot and researching stocks, and then I developed a trading technique in the process.

Great job – disciplined trading is the only way to be profitable in my opinion. If have a couple of questions, if you don’t mind: 1) What delta are you trading & what expiration date?? 2) From what I gather, you are attempting a reversion trade using a 1-minute chart looking for breakouts & breakdowns. Is this correct?? 3) 10% of account in 1 opening trade ($2500) & 1 average down trade if necessary – does this mean another 10%?? 4) Is the max-drawdown 10% or $500?? 5) how do you determined if you will buy puts or calls when you begin the day – typically you get an exaggerate move at the open 6) do you scale into position or buy in one shot 7) do you close all positions everyday to avoid theta decay & overnight moves?? 8) what determines which ticker you will trade at the beginning of the day?? I look forward to tour reply, again great job!!

Hello Brock! Thanks for your questions and support! Can you please email me all of these questions through the contact link in my website? There is a character limitation with replying via comments. I want to provide a detailed response. Thanks!

Thanks for your question. I typically pick the strike closest to the current stock price, usually ITM. But it depends on the stock. Amazon is too expensive ITM, so I usually go with a strike that is a nice rounded number with volume OTM. I pick an expiration that’s about a week out because contracts move more quickly with heavier volume.

Hey! Awesome site and I have shared it with multiple people. Watched your vids and I enjoy the simplicity and the methodicalness/mechanics of it. I wanted to ask you if the ability to scale this to a smaller account (below 25k) is possible? Do you believe there is a variation that could possibly work?

Thanks!

Hello Carlos! Thanks for your support! I’m glad you found the videos helpful, I hope to make more in the future. It’s definitely possible, but my method is geared toward day trading. So you’ll be limited to 3 day trades a week with Robinhood or your intraday cash balance with Etrade or another established trading platform. It would be slow going without unlimited day trades, but it is possible.

Hey! Awesome site and I have shared it with multiple people. Watched your vids and I enjoy the simplicity and the methodicalness/mechanics of it. I wanted to ask you if the ability to scale this to a smaller account (below 25k) is possible? Do you believe there is a variation that could possibly work?

Hi buddy – I recently started options using Robinhood?

Need help and guidance with following questions – (sorry for lot of questions)
What is your strategy to pick a stock for options trade ?
How do you determined if you will buy puts or calls for a option and how do you decide on expiration date ?
What is call debit spread and put credit spread in Robinhood ? Do you ever use that option?
do you scale into position or buy in one shot ?
How you decide when to sell option?
Do you buy and sell one option before you can move on to new option?
Do you close all positions everyday to get max profit ?
Do you use any tools such as TradingView, yahoo finance, Stocktwits etc?

Looking forward for your reply. And all the best to your challenge. You Rock and doing very well πŸ˜€πŸ‘
Thanks

Hi buddy – I recently started options using Robinhood?

Need help and guidance with following questions – (sorry for lot of questions)
What is your strategy to pick a stock for options trade ?
How do you determined if you will buy puts or calls for a option and how do decide on expiration date ?
What is call debit spread and put credit spread in Robinhood ? Do you ever use that option?
do you scale into position or buy in one shot ?
How you decide when to sell option?
Do you buy and sell one option before you can move on to new option?
Do you close all positions everyday to get max profit ?
Do you use any tools such as TradingView, yahoo finance, Stocktwits etc?

Looking forward for your reply. And all the best to your challenge. You Rock and doing very well πŸ˜€πŸ‘
Thanks

I like your approach and discipline, especially with the current unpredictable swings in the mkt, also like the fact that you only concentrate on the big ones and do 1 at a time, looks like there is a lot that my buddy and I need to learn from you, people like you give us inspiration and insights, hopefully I can discipline myself like you.

Congratulations πŸΎπŸŽˆπŸŽ‰ on reaching 50% of your 250 goal today !! Keep up the good work. All the best.

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