need advice any suggestions are helpful.
Noobie here "only one year exp" I do feel like im making progress despite my losses but i still need advice.
how to do sit on your hands. (this is my biggest problem) i will be up a good amount for the week/month only to lose it all in one trade.
when to cut losses? i have paper hands with winners but diamond hands with losers. I prefer scalping only riding the market for like a dollar and my trades normally only take 30 minutes or less. but like i said i can only hold my winners for 20% but my losers for 50%.
how to spot bear/bull traps/reversals got my ass handed to many times on traps. I would be up 20% look away for 5 minutes to be down 30% how do i spot these.
How do i master my entry? should i just do the whole lot at once? or "scale in" but im gonna be blunt scaling in has caused most of my losses but im probably oversizing but from my little experience if the market moves against you like a dollar fifty the trade is probably dead.
i don't think it matters but i'll just throw this out there just in case i trade spy/qqq options. I like the 1.50 ones around a 40 delta so 1-2 otm idk if that matters if i should be buying ones with a higher delta or not.
Umm i think thats it thanks for reading and please any advice is helpful.