Male, from Washington
Nice work on the directional options trading. I'm guessing you are buying ATM versus OTM? Thanks.
The formula for 2nd Buys is:
Buy 1 is > 1.70, Buy 2 is -20% less than Buy 1.
Buy 1 is 1.70 or less, Buy 2 is -17% less than Buy 1.
Sell Limit: +.20 above Buy 1.
Stop: -.20 below Buy 2.
Thank you for the clarification.
I missed 2 questions: Position Sizing / and or Hedge.
I use approximately 10% of my account for each trade, but only -2.5% of my account is at risk because of the Stop. I do not Hedge.
Per 100 trades: Sell or Stop in how many trade days?
1st Day = 44 / 2nd Day = 45 / 3rd Day = 11
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