Which of those items do you not use in your trading? Working Smart and hard is generally more effective than working hard cooking fries at mickeyD's forever, not that there's anything wrong with that. We all appreciate hard work, after all it's a hardworking kid who installs my windshield wiper blades at the auto parts store. Have a plan for when you get punched in the mouth. You better. You will get punched in the mouth over and over in the trading game. Some use stops, some use options, some just stare at the screen after a fresh "buy and hope trade" gone bad lol, etc, etc, some go tits up after getting what Tyson would think of as a pat on the back, lol. Again, Which of those items do you not use in your trading? Does your edge address these items? https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5031706
Only if the market was completely random and unpredictable or didn’t move sufficiently. Clearly not the case. What you’re suggesting isn’t easy either. That’s the thing. Trading isn’t easy for any retail trader first starting out. Most, if not everyone, vastly underestimate what it takes to master trading. In trading the winner takes it all, IMO. And it’s a very marginal business where nearly good enough just ain’t good enough.
Betting on the intraday movement of the S&P using options is not a bs strategy. A trader can make serious money doing that, assuming they know the general future and when to bet. To make serious money from the market....the formula is simple: You need liquidity. You need high revolutions, number of trades. And you need leverage, options. All of those are checked. What do you make....studying the Fundamentals, of low float, random, segment corners of the market,
What would you say are a few of the specific vital procedural items to be addressed in order for a noob to effectively get the show on the road in an intelligent fashion while minimizing wasted time and effort in the project to master trading? Additional to these: and if you do not think any of these are required, which are they? https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5031706
HUH?? First,the voices in your head say "Who cares where the ES/SPX is going" Followed by "They need to be able to day trade the S&P, options on that intraday direction movement". If you are day trading the SPX(intraday direction movement),then you probably should care where the ES/SPX is going.. But what do I know
zg, dig ya man. You got some gristle or you'da blocked me by now. Whatever and however works for you is the way to go. Break a leg man!
Time frame, my boy. Time frame. Who cares where the market is going tomorrow or next week or next month, or two months from now, or six months from now, or next year or two years. But on a daily/intraday basis, that's my only concern and expertise. You are following me like a hawk, aren't you TaoWave. You would like to learn how to make a million in a month, If someone can day trade/intraday the S&P, using options, ....that trader should be able to clear a million in a month easy, How many people can say that....regarding their strategy,
Your post was BS,not the strategy.... And for every halfway intelligent thing you say,you follow it up with utter nonsense... See your simple formula
Timeframe is irrelavant,you still need to be right on direction,be it 30 seconds or 30 days..... Show a time stamped trade and ease up on the incoherent rants... What delta option do you buy to generate the imaginary returns you speak of?
Unless you're in the lucky situation to have a profitable trader take you under his wing and mentor you I think it's hard to avoid "wasting time" for the retail trader trying to master this on his own as you will need a ton of research, testing and practice to get anywhere meaningful. Reading and posting on EliteTrader could be considered a waste of time, though, so it may be a good idea to log off if it takes up valuable time. Fundamentally, learning to trade profitably is a problem solving excercise, IMO. So, define the problem and start working through the relevant and necessary questions one by one. Here's a market. How do I make a profit? What a trader can do though is to choose to not lose money. Losing money in the market is a choice. Unless you know what you're doing and have a valid way of expecting to make money, you shouldn't be trading. Most don't, though, and come into the market completely unprepared and don't put in the required effort to get to where they need to be. Instead of clicking buttons blindly it's better to spend the required and necessary time to understand the market you chose to master and only trade after that task is accomplished. So, losing money is a choice.