Frequently Asked Questions

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Choose a Plan that suits for you in our Plans link and Subscribe it and also please reach us @SmartIRT  in telegram and we will add you into our Premium Channel immediately and will guide you on each Trade Alerts.

We have one Telegram Channel(SmartIRT-Premium-Alerts (Stocks/Options) For Entry and Exit Trade Alerts for All Stocks and Options which will include Day trading, Swing Trading and Long term Trading. We also provide Morning Briefing of 8-10 stocks levels for Day trading. Only SmartIRT Admin will post the alerts here and All our Premium member will have  read only access in this channel.

Next We have one Telegram Group(SmartIRT-Premium-LatestNews:) For discussion with each other to share the knowledge or information and ask questions only about our alerts and other stocks related questions to SmartIRT Admin. You will also get the latest Stock Market related News in this Group.  

Options trading involve risk and reward. Lotto alerts are more risky and more rewards. If you miss any alerts, please look for new alerts instead of chasing it.  

Averaging Trade :- We will do average only if we see any bounce back otherwise we can cut with Stop Loss as Options average is more risky than stocks average. It can only make you happy that you got it at low premium  but will not work most of the time.

StopLoss Details :-  By default stoploss for options trading are 40-50% for regular alerts and for Lotto alerts 60% or keep your own Stop-loss if we don’t provide any stoploss in the alerts. 

All Stocks alerts have stoploss. So please follow them instead of bag holding the stocks as Day trading  stocks are pump and dump with some NEWS except swing trade stocks.

Options Alert :-You will get this alerts for same week or 1-2 weeks expire of Options. By default all of the alerts are Day trading except it's mentioned as Swing Trading.  

Options Lotto :- You will get this alerts for same day or 1-2 days expire of Options and Lotto alerts are more risky and more rewards. 

Options Idea :- You will get this Idea for same day or next day expire of Options on Major Events(Fed Rate  Decision etc) and Company Earning Report and these Idea are more risky and more rewards.

Stocks Alert:- You will get this alerts for one week or 2-5 weeks holding of Stocks. All of the alerts will be mentioned  Day trading or Swing Trading or Long Term.  

Stocks Lotto/Idea:- You will get this Idea for one day or 1-2 weeks holding of Stocks on Major Events(Fed Rate  Decision etc) and Company Earning Report and these Idea are more risky and more rewards.

1. BE - Break Even - Buying price of Stock or Options

2. SL - Stop Loss - Stoping your trade to avoid more loses or cut the profit.

3. ITM - In The Money - Stock price reached options strike price(NVDA 250C) 

4. OTM - Out The Money - Buying options strike price above the current price of stock

5. PDT - Pattern Day Trader - Day trading restrictions for less than $25K Margin Account

6. ER - Earning Report - Quarterly Earning Report of the any Company 

7. AH -After Hours or Post Market - After Market is closed at 4.00PM EST  

8. PM - Pre Market - Before Market open at 9.30AM EST

9. ATH -All Time High

We approach account management very systematically. When we enter a trade we look to start scaling out of our position between 20-50% and then raise our stop to breakeven. Where we sell in that range depends on price action. After this, if the stock keeps running we will look to sell the rest of our position near target levels on the stock. If the stock continues after our targets have been met, We will “roll up” to a new contract slightly out of the money using 20-30% of the profits We made on the trade.

A roll up is simply using a portion of your profits from a prior trade to enter a new trade on the same setup. So if you profit, say $2,000 on the NVDA 250c, you could roll up by purchasing the 255c using $400-$600 of profits (20-30%). Roll ups allow you to stay in winning trades longer without holding unnecessary risk and allowing a winning trade to turn red.

Any major broker (TD Ameritrade, Etrade, IBKR) will do. If you want to chart + trade on the same platform we prefer TD Ameritrade’s Thinkorswim program. It takes some getting used to but there are plenty of youtube videos on how to use it. If you would like to have simple user interface then Robinhood and Webull or MooMoo will be good.

Accounts under 25k are subject to PDT restrictions of only 3 day trades within a 5 day period. You can avoid this by opening a cash account with any of the major brokers listed in the question above (Which broker would you recommend?).

A pattern day trader (PDT) is a regulatory designation for those traders or investors who execute four or more day trades over the span of five business days using a margin account. The number of day trades must constitute more than 6% of the margin account's total trade activity during that five-business-day window.

You can trade Stocks till 8.00PM EST  for After hours and  from 4.00 AM EST to 9.15AM EST for Pre-Market session, but you can trade only $SPY and  $SPX options till 4.15PM EST in most of the broker.  Only in IBRK(Interactive Brokers) you can trade only $SPX options from till 5.00PM EST and from 8.00PM EST - 9.15AM EST.  After hours trading are always risk as it has low volume trading.