If someone has good timing everyday...close to the obvious buy and sell points on the chart...they can make laughably good money with basic options. All those Greeks and other technicalities and complexities are meaningless and irrelevant on a day's, intraday, basis.
Agreed,all you need is "good timing ....EVERYDAY...close to the OBVIOUS buy and sell points" F%#k those nasty little greeks Good luck with that too
Just because You can't do it...don't assume Everyone can't do it, either. And it's impossible, Just because you haven't discovered electricity...doesn't mean someone, somewhere else, hasn't. Just because you haven't discovered fusion...doesn't mean someone, somewhere else, hasn't. Just because you haven't flown to the moon...doesn't mean someone, somewhere else, hasn't. It's a matter of understanding, approach, knowledge, formulas, assumptions, expectations, variables, comparisons, conditions, This is ET...the place, to be Elite, -- achieve Greatness, not mediocrity. If you hang around bums...chances are, you'll become a bum. If you hang around MIT...chances are, you'll think like MIT.
Sounds like it's time to start a journal with your real money trades, because you are obviously trying to say something here. Maybe the audience would like to see it, too. One of the things you mentioned either in this thread or some other one was that you KISS, and just buy/sell calls and puts, without all the extra bits like greeks and trade structure. I myself would also like to see how that is working out, because on paper it sounds great.
He's a funny Guy...This is his idea of trading,and I quote.. "Hypothetically, in a paper trading, fantasy, mind, simulation account...I have grown a small, initial, trading account into a Billion. Numerous times, on separate, different, occasions. It's just a relatively simple matter of compounding and growing the account -- assuming you have theskill and formula in place."
There is no advantage to trading intraday singles if you trade spot/futures with stops. It's another matter if you're trading spreads/combos. Don't trade 0DTE unless you're just fucking around.