Best strategies to start trading

Discussion in 'Trading' started by farmerjohn1324, Dec 14, 2019.

  1. notagain

    notagain

    Practice trading BA Boeing monthly options
    Boeing stepped in a rabbit hole, will they bounce back?
    Screen Shot 2019-12-17 at 9.58.55 AM.png
     
    #131     Dec 17, 2019
  2. ironchef

    ironchef

    Just the opposite of trend followers, they just follow the trend, print money when price crawls into ATH day after day.
     
    #132     Dec 17, 2019
  3. So you bought calls? Do you use vertical spreads?

    I also have thought of Boeing as a good opportunity for a discount. Horrible news this year, but they are still 1 of only 2 major airplane manufacturers.
     
    #133     Dec 17, 2019
  4. ironchef

    ironchef

    Be very careful. Do you have a better crystal ball than the market? Trading Boeing options now is like me trading BIIB a few days back with a one time event unfolding. I also traded options on GE, TEVA and years back WFM, chased them down the rabbit hole and got clobbered.

    Success rate was less than 40%.
     
    #134     Dec 17, 2019
  5. ironchef

    ironchef

    Forgot to say but enough to live and trade for another day.:cool:
     
    #135     Dec 17, 2019
  6. notagain

    notagain

    Simple calls based on price action and volume. Problem with options is we need good news within a certain time period.
     
    #136     Dec 17, 2019
  7. I'm a scalping fan.
    Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains.
    Deciding whether forex scalping strategies are suitable for you will depend significantly on how much time you are willing to put into trading. Scalping the forex market requires constant analysis and the placement of multiple orders, which can be as demanding as a full-time job. In addition, there are only a few hours a day when you can scalp currency pairs.
     
    #137     Dec 18, 2019
  8. tradenet

    tradenet

    Yeah right. So what are your favorite hours for scalping?
     
    #138     Dec 19, 2019
  9. padutrader

    padutrader

    i could fall in love with you

    scalping is not for everyone but it is for someone who does not have patience and has a lot of time and is good at reading market.and who wants to hear the cash register ringing

    but make one mistake and you will lose money very very fast.

    i lost it for 12 years ....it did not bother me because if you lose it fast, you will also make it fast, when and if, you correct it.

    i tried for 12 years to correct.

    i realised finally that there was nothing wrong with method but i was implementing it in the wrong place.

    in 12 years i only scalped eur usd. that was my mistake.

    once i shifted to gpbusd i hit pay dirt.

    a successful scalper mints money

    a bad scalper burns money.
     
    #139     Dec 20, 2019
  10. padutrader

    padutrader

    you do not have time on your hands......and that why options are for suckers.
    that said if you have the right method you can make a killing.i did that once.
    i saw the OI for out of the money calls, were 10 times the OI for in the money calls.i made 500% in one month.
     
    #140     Dec 20, 2019