That being said, today was interesting. I've been playing for a bounce since last Monday which obviously didn't work well, I got my ass handed to...
Many days are uninteresting and I have no desire to do that.
You guys need to be thinking in terms of what returns you need to make this idea profitable. I trade a lot of stuff like this and have a 10-15x...
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It's been a while so here was a fun day. Sometimes trading is reading the tea leaves and getting lucky (MARK and possibly BKKT tomorrow morning)....
Nobody here has told him to sell options.
$5m/mo in shares is hardly anything. This seems like a massive undertaking to save a few bucks. imo
You need experience, discipline, and maybe a little luck on your side when the trade hits. The idea is simple, proper execution isn't.
I've had 400%+ returns the last 2 years on a decent sized account. With 0DTE you are targeting 1000-1500% per day on the trade. 8-12% would be...
Sorry I just don't understand your point. I've done this exact trade multiple times, it's a real thing.
Leverage + defined risk is what he's getting. Shares don't give you either of those. The defined risk part is huge because in stocks anything...
For what he's talking about doing the greeks don't matter. This is super basic stuff. I'm a daytrader and if I went back to shares I would make...
You mean my completely theoretical trade scenario to explain a concept isn't going to happen? Thank you oh wise one. Edit: Are you trying to...
What is not going to happen?
He doesn't have to understand any of that for a basic put/call buying strategy. All I do every day is trade options and none of that matters.
Defined risk and leverage are a powerful combo. Ken doesn't trade much, but it's possible that switching instruments could be the change he needs...
Ken, you would just buy OTM puts (out of the money). It's very simple, I do it all the time. So if SPY is at $400 and you think it's going to...
Today was a decent day. I've had to move more into trading short-dated ETF options since stocks have quieted down, hence lots of activity in...
Yes, best year ever...and 2020 was my best previous to this.
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