newguy You're summary at the end is basically what I'm studying. One difference would be, as you point out, to trade QQQQ either direction so...
You mention OTM put options. Is there a reason they would be different than OTM call options in terms of profitability? Also do you think that...
Wayne Thanks for that thread (it's so old QQQQ was still QQQ). It does look like he had the same idea. He said that he lost due to high...
My plan is to determine a certain size limit before starting and set the strangle size and width accordingly. Maybe I set 8X trades as the limit...
1) ?.....you're "trading against the long-strangle". Not necessarily. The underlying (eg QQQQ) can swing both ways, not just long. The hope...
I am aware that Martingale strategies are frowned upon in trading circles and having backtested them extensively I understand why. However, I...
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