Lol no need to time. What if you bought 1 year out of the money puts in Jan 2019 or Jan 2013,14,15 or 16? You'd have been eaten alive . Premium time decay is brutal in options
How altruistic of you to be looking to protect the other guy from pain. (As if there aren't enough rules and regs to protect self from self. LOL) As a trader, I'm a selfish mother-fucker... the other guys pain is not my problem. And so, the original question... What difference does it make how long the market "stays down"?
I'm a selfish fuck too and i want mother fuckers crying as i buy there stock for 5 cent on the $.I want the fed on there knees and powerless so we finally get a real unmanipulated mkt with real supply and demand
Rolling 3 months contract is better. Long Gamma is more brutal than theta decay. As in losing 100% an making 36000% But if you can time it’s even better.
Okay, I would normally consider one a paranoid lunatic when I see a post like this, but I've been getting stopped out to the tick A LOT, especially after posting the stops here. It's really hard for me to brush this off as a mere coincidence. Yesterday was especially troubling (see the chart below). And these stops you see in the chart weren't technically important levels either. For instance 81.25 was RANDOMLY chosen out of thin air. And yet prices reversed immediately after hitting them. From now on, I will only post day trades. And also I might omit posting my stops for obvious reasons. If you have problem with that, then well so be it. Otherwise, I'll stop posting altogether. PS. Why are there sooooo many bots tracking this forum?!!
In Forex, the brokers actually do run stops and trade against their clients because there is no real volume. That is why futures is better since there is real volume just like stocks. Also, remember as noted in my journal trade the news, actual news created TA price waves so a new event will change the direction of a trend. Well you have 3 options. 1) If you really believe a bot is after you, post in this forum, and then in real life do the opposite of the trade so the bot can give you free money. 2) Stop using random stops. You actually should place stops where the market tells you that your trade is incorrect. The reason for a TA stop is that it would for example if a short trade take massive buying power to violate a TA stop not just 1 mean robot. 3) Check yourself into mental institution for paranoia. Unless you are some big chief swinging 50 lots on a trade, I doubt a bot will be going after your 1 contract.
I sound like a paranoid nut but you sound like a doting idiot. I have nearly 30 years of trading experience and you think I would mention this without any kind of deep consideration? As I wrote in the previous post, this isn't the first time it happened. It's happened quite a lot. Look at the chart again and notice where both of my stops were placed. As I said, they were both randomly selected (on purpose, might I add). Price went only 1 tick above both and reversed. Price usually does not reverse like this unless it is met by an important resistance (eg. technical zone). For any random stops, it would get hit and the price would normally go higher. BTW, the above chart is ES--not forex.
Not trying to criticize, but whenever i see you post looks like you're fighting the trend by going short. Is this working for you ?? Thats asking for trouble in this manipulating fed buying environment. Hell, I've changed my strategy around so that when the 240 or 60 min charts are trending, I won't even consider a scalp short. After more than a decade of trading ES for a living, this is the first time I'm actually scared to take any type of short in this market. So scared that I've modified my trading plan where I'm long around 80% of the time. Its pretty pathetic, but I'm absolutely killing it. Im willing to bet the majority of these hedge funds and big banks are in the same boat.....hence the insane run up.
Its the first time in 10 yrs your scared to take a short? We dropped 60 pts vertical off the open basically today.We've had several 20-40 pt draw downs the last 2 weeks. How could you be more scared to short now than from Nov-Feb when we grinded up 400 es with hardly any down moves?