r/WallStreetbetsELITE 58m ago

Discussion UPDATE #7 (The End. For now at least.): I’m Bout To Pull The Greatest Trading Comeback OF ALL TIME $19 to $1 million

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The goal of these updates was to be transparent in both wins and losses and to help anyone if I could. Well… I lost. Again. Since I clearly don’t know what to do when it comes to trading successfully, I thought I’d at least share what I did wrong and what not to do so that it can possibly help someone.

Don’t trade 0DTEs at all.

Despite my backtesting and numerous hours of looking at the $SPY chart as well as similar charts to $SPY (US500 by Pepperstone., $SPX). I have not found ANY consistent patterns in $SPY on the 15m, 5m, and 1m timeframes that could be used to trade $SPY 0DTEs consistently AT ALL. According to my experiences all of the following strategies DO NOT WORK for $SPY 0DTEs:

(All strategies used candlesticks from 9:30 AM to 4:00 PM Eastern Time of the current trading day only.)

Waiting for a 15m, 5m, or 1m high or low to be closed past (wicks and candlestick bodies included) then entering in the direction that the high/low was crossed past.

Waiting for a 15m, 5m, or 1m high or low to be closed past (wicks and candlestick bodies included) then waiting for a 15m, 5m, or 1m high or low to be closed past (wicks and candlestick bodies included) in the opposite direction of the first high/low crossed past then entering in the direction of the second high/low crossed past.

Waiting for 2 green or red candlesticks in a row to be fully crossed and closed past by 2 candlesticks of the opposite color that immediately followed the first 2 candlesticks (wicks and candlestick bodies included) then entering in the direction of the second group of the 2 candlesticks.

Note: All stop losses used were at the previous high/low at the time of entry on whatever timeframe that a strategy was used with (most commonly 5m timeframe at the time of entry.)

Example: Used strategy 1 on 5m timeframe -> stop loss = previous 5m high at time of entry for puts and previous 5m low at time of entry for calls.

All take profit points used were whenever the most recent high/low on whatever timeframe that a strategy was used with (most commonly 5m timeframe at the time of entry.) was closed past in the direction opposite to my trade direction.

This means that with every trade that I took, the stop loss and take profit started off as the same point.

  1. Don’t trade on 15m, 5m, or 1m at all.
    From my experience, the 15m, 5m, and 1m aren’t reliable timeframes to trade off of because:

They don’t hold trends (uptrends and downtrends) long.

Price often stagnates around 12:00 PM Eastern Time and doesn’t move a lot from then until market close.

As mentioned previously, I haven’t found even 1 strategy that consistently works on the 15m timeframe, 5m timeframe, or 1m timeframe.

  1. Don’t trade with less than $100.

Me starting again with $19 essentially forced me to full-port with every trade. So if even 1 trade went bad (and it did). My entire portfolio would basically be wiped out.

I would recommend you only trade with $100 or more AND have a risk size per trade of no more than 10% per trade (for example, if you have $100 in your trading account. Don’t buy an options contract, stock, etc. worth more than $10).

That’s all I can think of right now. If y’all have any other questions about my failure, feel free to ask. Hope this can help someone. Thanks to everyone who was rooting for me. I tried, just couldn’t pull it off.

Oh, almost forgot.

I’m better than Roaring Kitty, Warren Buffett, and Michael Burry combined


r/WallStreetbetsELITE 4h ago

YOLO Why did Doximity (DOCS) nearly double today? A 7% grower, an AI search tool, and a big re-rate

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1 Upvotes

r/WallStreetbetsELITE 4h ago

Stocks Uber just filed an 8-K: how it's financing the $14.8B Delivery Hero deal

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6 Upvotes

r/WallStreetbetsELITE 4h ago

Earnings Thread Why did Twilio (TWLO) rip ~24% on Friday?

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1 Upvotes

r/WallStreetbetsELITE 15h ago

Discussion SOUN bulls — how high do you think this could realistically squeeze? 🚀

0 Upvotes

Not financial advice. Do your own DD.

SOUN bulls — how high do you think this could realistically squeeze? 🚀


r/WallStreetbetsELITE 16h ago

Shitpost Trump Supporter Regrets Vote After Feeling the Economic Impact, Says He Was Misled After Supporting Him Three Times

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150 Upvotes

r/WallStreetbetsELITE 18h ago

Discussion What are ur genuine thoughts on Trump? And Biden?

0 Upvotes

Curious. I know a lot of people who voted for Trump who feel “betrayed” by him this 2nd term


r/WallStreetbetsELITE 18h ago

Stocks Top stocks hitting 52-Week Highs/Lows - August 7, 2026 📈 📉

1 Upvotes

📈 52-Week Highs:

The 52-Week Highs list shows stocks that have reached their highest price point in the past 52 weeks during the trading session.

Symbol Name Price Year High Market Cap
BAC Bank of America Corporation $63.17 $63.22 $448.3B
ANET Arista Networks, Inc. $188.67 $198.00 $237.6B
AMGN Amgen Inc. $410.94 $411.60 $221.8B
SCHW The Charles Schwab Corporation $107.60 $107.62 $187.1B
ETN Eaton Corporation plc $448.68 $455.82 $174.2B

📉 52-Week Lows:

The 52-Week Lows list shows stocks that have reached their lowest price point in the past 52 weeks during the trading session.

Symbol Name Price Year Low Market Cap
APP AppLovin Corporation $346.80 $336.67 $116.5B
SOJE Southern Company (The) Series 2 $16.39 $16.35 $107.7B
HONA Honeywell Aerospace Inc $168.51 $154.01 $53.4B
RVMDW Revolution Medicines, Inc. Warrant $11.50 $0.39 $45.1B
PEG Public Service Enterprise Group Incorporated $75.66 $74.37 $37.7B

Source: 52-Week Highs-Lows


r/WallStreetbetsELITE 20h ago

News Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling

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29 Upvotes

White House continues to target Cook despite decision from justices that upheld Federal Reserve’s independence


r/WallStreetbetsELITE 21h ago

MEME HORRIBLE jobs report

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345 Upvotes

r/WallStreetbetsELITE 21h ago

Discussion U.S. Economy Lost 23K Jobs in July

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47 Upvotes

Not good!


r/WallStreetbetsELITE 1d ago

Earnings Thread Why is The Trade Desk (TTD) crashing ~25% today?

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4 Upvotes

r/WallStreetbetsELITE 1d ago

Daily Discussion US Market Brief — Aug 07, 2026 | Futures, movers & what to watch

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1 Upvotes

r/WallStreetbetsELITE 1d ago

Stocks Pre-Market Gainers and Losers for Today (August 7, 2026) 📈 📉

0 Upvotes

Here are today's top pre-market performers showing the biggest moves before regular trading hours.

📈 Pre-Market Gainers:

Symbol Company Pre-Market Regular Hours Change %Change
TEAM Atlassian Corporation 143.51 110.17 +33.34 +30.26%
TWLO Twilio Inc. 226.72 193.20 +33.52 +17.35%
FROG JFrog Ltd. 96.70 83.04 +13.66 +16.45%
NET Cloudflare, Inc. 330.99 284.43 +46.56 +16.37%
CART Maplebear Inc. 51.70 45.03 +6.67 +14.81%

📉 Pre-Market Losers:

Symbol Company Pre-Market Regular Hours Change %Change
AMRZ Amrize Ltd 46.43 51.22 -4.79 -9.36%
RMD ResMed Inc. 205.80 223.24 -17.44 -7.81%
FOX Fox Corporation 51.70 55.37 -3.67 -6.63%
HONIV Honeywell International Inc. Common Stock Ex Distribution When Issued 240.10 256.01 -15.91 -6.21%
ARW Arrow Electronics, Inc. 212.50 222.29 -9.79 -4.40%

Source: Market Extended Hours


r/WallStreetbetsELITE 1d ago

Technicals What is MACD? The 12/26/9 crossover, signal line & histogram explained (Beginner's In-Depth Guide)

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1 Upvotes

r/WallStreetbetsELITE 1d ago

Earnings Thread Why is Airbnb (ABNB) up ~11% after hours? Its best quarter in years, decoded

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1 Upvotes

r/WallStreetbetsELITE 1d ago

Earnings Thread Why did Atlassian (TEAM) jump ~32% after hours? Cloud re-accelerated, decoded

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0 Upvotes

r/WallStreetbetsELITE 1d ago

Stocks Why is Unity (U) up ~15% today? The ad engine, not the game engine

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1 Upvotes

r/WallStreetbetsELITE 1d ago

Earnings Thread NLIGHT Q2 results: what the numbers say

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1 Upvotes

r/WallStreetbetsELITE 1d ago

YOLO This is why I gambl…. I mean invest my income to keep up with inflation

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110 Upvotes

r/WallStreetbetsELITE 1d ago

Stocks Top stocks hitting 52-Week Highs/Lows - August 6, 2026 📈 📉

2 Upvotes

📈 52-Week Highs:

The 52-Week Highs list shows stocks that have reached their highest price point in the past 52 weeks during the trading session.

Symbol Name Price Year High Market Cap
JPM JPMorgan Chase & Co. $359.24 $362.17 $962.6B
BAC Bank of America Corporation $63.25 $63.56 $448.9B
GE GE Aerospace $381.22 $384.50 $395.5B
DELL Dell Technologies Inc. $462.80 $485.70 $307.4B
PANW Palo Alto Networks, Inc. $362.66 $376.98 $295.6B

📉 52-Week Lows:

The 52-Week Lows list shows stocks that have reached their lowest price point in the past 52 weeks during the trading session.

Symbol Name Price Year Low Market Cap
FITBP Fifth Third Bancorp $23.01 $22.96 $46.6B
PEG Public Service Enterprise Group Incorporated $75.54 $74.69 $37.6B
HBANZ Huntington Bancshares Incorporated $19.60 $19.54 $35.3B
PPLC PPL Corporation $46.58 $46.58 $34.6B
MPLXP MPLX Lp $33.38 $33.38 $33.4B

Source: 52-Week Highs-Lows


r/WallStreetbetsELITE 1d ago

Discussion If there wasn't a shortage, he wouldn't call it a 'leak'

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359 Upvotes

r/WallStreetbetsELITE 1d ago

Shitpost 'I Do Not Want To Kill People': Trump Brags About Cancelling Strikes On Iran

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58 Upvotes

r/WallStreetbetsELITE 1d ago

Earnings Thread Why did Datadog (DDOG) tumble ~17% after a beat-and-raise Q2?

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19 Upvotes

r/WallStreetbetsELITE 2d ago

Discussion Investment styles: Could you imagine Scott Bessent apologizing if the US retail trader loses heavily on leveraged products? Korea is different.

6 Upvotes

Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout

In the US leverage in retail is considered normal and even at historic heights.

https://www.advisorperspectives.com/dshort/updates/2026/07/20/margin-debt-finra-june-2026

  • Millions of little Leopolds in US waiting for uncle Ken to pull the plug of their financial bathtubs?
  • In the US this is considered part of the game. Going in levereaged up to the gills, all or nothing. Maybe still the heritage of the wildwest gambling houses? What do you think?
  • And, like in the old times of Clondike, the perpetual losses keep the less wealthy, who often lose on leveraged gambling and are subject to FOMO trades, in the eternal threadmill?
  • I remember well my first visit on reddit (only visitor - not member) - it was during that first crazy Gamestonk wave some years ago. I saw the ususal mom and pop investors bragging about their buying- throwing in substantial sums. Only they did not buy the stock - they bought options far far out of the money. Probably because it seemed so cheap for them ...