Achieved 8-Day Winning Streak in Options Trading – Sharing My Journey and Insights

Discussion in 'Options' started by SukandhanAK, Dec 26, 2024.

  1. nope , not like that all I want to know is "trading only in options buying (only intradays and Should be consecutive trading days)" - from my experience 8 days is a good winning streak. Or it is very easy to achieve everyone?
     
    #41     Jan 9, 2025
  2. As me and other people are telling you, it is difficult to answer your question unless you show more data. Until then, your strategy could be based on some martingale-like strategy and, in that case, nobody would recognize you as a good trader, but rather like a dead man walking.
     
    Last edited: Jan 9, 2025
    #42     Jan 9, 2025
  3. Martingale Strategy in options buying trading? especially intradays? partially it may works. what data you need more? All those 8 days I booked 10 percent profit each day on margin. If you are interested I am ready to share the 8 days trading contract notes, you yourself decide.
     
    #43     Jan 9, 2025
  4. Once again, you should show the equity line of your account and calculate at least a Sharpe ratio. Also, if you have more days than 8, that would really help to assess the significance of your performance.
     
    #44     Jan 9, 2025
  5. ironchef

    ironchef

    You said you longed options. You can only pay cash, no margins allowed.

    Compounding: Your 10% daily return, in 3 months or 60 trading days, will return your original investment >300X if you reinvest the gains. If you start out with $500 USD, in 3 months, you will have $152,240 USD. You do not need OPM.

    Convexity: Option returns are non linear. A good directional player, which you claimed to be one, will have a significant edge buying options.
     
    Last edited: Jan 9, 2025
    #45     Jan 9, 2025
    sridhga and arturo100 like this.
  6. 3 months? All I am looking is 10 days consecutive trading days winning streak in Options buying and I only achieved 8 days. 9 th day the streak broken.
     
    #46     Jan 9, 2025
  7. Then, your achievement is no big deal.
     
    #47     Jan 9, 2025
  8. ironchef

    ironchef

    Try another 8 days, another 8 days... Maybe not 3 months but in 4 or 5 months, compounding will get you your $150K. If you have a system, you don't need OPM if you buy options.

    Been there done that and my system is << than what you showed.

    What you are really saying is the 8 days is non repeatable, in that case how do you expect to find OPM?
     
    #48     Jan 9, 2025
  9. This is my 8 days winning

    Goal 10% Profit on Margin, only Options buying for intraday.

    Starting Margin = ₹4739

    16/12/24
    Margin ₹4739 = Profit ₹871(18%)

    17/12/24
    Margin ₹5610 = ₹538(9.6%)

    18/12/24
    Margin ₹6148 = ₹712(11.7%)

    19/12/24
    Margin ₹6860 = ₹816(11.9%)

    20/12/24
    Margin ₹7676 = ₹702(9.1%)

    21/12/24 and 22/12/24 weekly holidays.

    23/12/24
    Margin ₹8378 = ₹1154 (14%)

    24/12/24

    Margin ₹9532 = ₹1144 (12%)

    25/12/24 Christmas Holiday

    Opening Margin ₹10676 , infused extra margin ₹8000

    Total opening margin ₹18676

    Net profit ₹5212 (28%)

    Ok you said it's not a big deal. I don't know what to say more.
     
    Last edited: Jan 9, 2025
    #49     Jan 9, 2025
  10. We too! :D
     
    #50     Jan 9, 2025