I’m so happy that I keep a detailed record so I can look at things later and analyze. This week all of my day trades were profitable and all of my swing trades were losses. This got me looking at my track record. I am strictly on options trader. So far I’ve only looked at 2023 but I have spreadsheet with every single trade going back numerous years and I’m sure I will find the same thing. what I found is absolutely blowing my mind! Out of 550 trades this year I have made an average of 14% profit per trade/ 65% win ratio considering all trades winners and losers. and I am a net winner on my day trades. My Swing Trades are not even close. average of -5% and a horrible 21% win ratio. Net loser. The thing is, I don’t know why. I’m really glad I figured this out because obviously I should be focused on daytrading. The only thing I can possibly think is the time decay on options. I am swing trading 3-5 day holds and I’m going 30 days out on the calendar at point of entry. Maybe it doesn’t matter that I know why this occurs. I am curious, but maybe it’s enough just to know that this is a thing with my trading and just focused on intraday trades. any comments or thoughts are appreciated. Has anyone experienced some thing similar?
I migrated / up-ed the level from investing to swing trading to day trading But many members would say day trading is the worst. They'd say better invest and then forget about it till decades later, or invest and HODL.
Yeah, I was thinking the same thing. Allegedly daytrading is harder, but my results are literally night and day between day trading and swing trading.
Depends on the market. .. lately choppy so easier to day vs swing. Now that the market is finally dropping with strength I'm back to swing trading inverses SOXS SQQQ UVIX
Are you holding out well and situation leveling? I hope so! If you’re back to your favorites SOXS, SQQQ, and UVIX that seems like a good sign.
In and out over time, I don't hold them long... bought uvix holding over 1k shares from last week, profitable cost basis Hold small soxs. Will aggro scale in uvix over each whole number, eg 4 5
I meant is life settling down a little? I figured if you were smacking the 3x around it’s a good sign