A Non-Correlated Strategy Trading Journal That Shows Profit

Discussion in 'Journals' started by raVar, Oct 27, 2019.

  1. ironchef

    ironchef

    Great comments, even though I like and agree with @raVar's concept in general as it is something I have been thinking about a lot since I started trading options.

    One general comment is for us mom and pop amateur retail option traders, I don't think selling spread that is 15 delta out automatically has positive expectancy. Not after commissions and slippages and bid/ask-spreads.

    When I first started trading options back in 2013, I did a lot of mechanical covered calls on stocks I owned, also tried call spreads too. Didn't work that well for me and I chalked it up as due to commissions and bid/ask slippages. For it to work for me, I needed to have a more correct opinion of the direction/timing/magnitude than the MM who bought the calls from me. That was a very tall order. :banghead:
     
    #61     Nov 4, 2019
    raVar likes this.
  2. raVar

    raVar

    Actually, I think I'm just going to include a permanent link, so I don't have to repeat myself ...

    As always, to see how we are doing on each process? Check out the tabs in the spreadsheet below. Thoughts, questions ... comments? Post 'em below!
    _______________________________

    Simple Longer-Term Hypothetical Non-Correlative Strategy Processes: https://www.elitetrader.com/et/thre...ournal-that-shows-profit.337303/#post-4951437
    Spreadsheet: That keeps track of each trade, each process, and then everything together ...
    IF YOU ARE ALREADY AN OPTIONS TRADER, Here is a Disclaimer: I know, I know, I know ... as well as a secondary ... I know ... I know ... I know
     
    #62     Nov 4, 2019
  3. destriero

    destriero

    I have a comment... my kid's passbook savings has more vol. Are you serious with this piker sh!t?
     
    #63     Nov 4, 2019
    .sigma likes this.
  4. newwurldmn

    newwurldmn

    Agreed you fucking twat!
     
    #64     Nov 4, 2019
    destriero and Wheezooo like this.
  5. destriero

    destriero


    Concur, c@cksucker!
     
    #65     Nov 4, 2019
    .sigma, newwurldmn and Wheezooo like this.
  6. themickey

    themickey

    That's a hedge you create against being smacked by ET'ers. :)
    Boxing_Jun-18.jpg
     
    #66     Nov 4, 2019
    comagnum and raVar like this.
  7. raVar

    raVar

    True enough ...
     
    #67     Nov 4, 2019
  8. destriero

    destriero

    Dude, you can replicate the entire penny-position in vol. No need to take the risk in shares. The guy is remedial 099 and three noobs are gushing. He's long 12 shares and received a $22 credit. C'mon.

    The guy shorted Q-vol against SPY. Why? BC it's so exotic!

    QQQ +0.71%
    SPY +0.47%

    Go, you!
     
    Last edited: Nov 4, 2019
    #68     Nov 4, 2019
    comagnum likes this.
  9. destriero

    destriero

    Can someone please explain to this noob what's non-corr about this abortion of a strategy? TIA.











    and yes, I am the ONLY reason this thread has any views. Y'all know it.
     
    #69     Nov 4, 2019
  10. ironchef

    ironchef

    Welcome back. I missed your biting comments. :p

    I have to admit you are correct, still I am gushing about the strategy, better than me blindly doing covered calls.
     
    #70     Nov 4, 2019