Steversteves

Disclosing my secrets: Growing a small account

AMEX:DIA   SPDR Dow Jones Industrial Average ETF
You know, I stan DIA.
But I figured I would share why DIA is such an awesome stock and the stock I used to grow my small account in like a month when I started quant trading (Day trading by technical the only account I could grow was a 50 K account down to 0.20 C. :-/).

I found the easiest way to growing a small account were straddle stocks. DIA is the perfect straddle stock. I have an indicator for DIA that I developed just using my math calculations. At the beginning of the day it gives me a projected high and projected low for the stock.
You may have seen a similar type setup I did with TSLA. But let's look at it with DIA:

Today (April 7th):

April 6th:


April 5th:

April 4th:

April 1st:

And it goes on and on.

Verdict?

When you are growing your small account, really my best advice is to avoid these stocks like TSLA, AMC, GME etc. etc. etc. Meme stocks are generally just betting. You might as well go to a casino. The best way is to chose stable stocks, like DIA (it used to be SPY but no longer would I consider SPY stable LOL) that are predictable and less aggressive.
Get a feel for the market and find little gems like this where you literally can just straddle it and come out ahead each day.

Other stocks similar to DIA that I have used straddles (please note, as of the current market conditions, straddles are hit and miss on most of these stocks):

SPY (debateable)
USO (lately its been erratic but still straddleable)
RTX

There are more but I'd have to charge you ;).

Anyway, just thought I would share some insight.

Let me know your questions/criticisms, etc. below.

Thanks everyone!


Premium indicators and content have launched! Get access at: www.patreon.com/steversteves
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.