It's all good the ToS below already say something close enough. Please see new thread for us: https://www.elitetrader.com/et/threads/mstr-discussion.381441/
Like the BRK annual meetings where 40,000 people show up thinking they are all going against the crowd & getting secret info.
I was there a few times. A sucker, bought a few of the stuff he displayed on site, probably overpaid. He is very a good salesman.
Welcome to the other side. I quit my day job in 2010, "retired" but quickly picked up a new job: trading.
**** No Financial Advice, for entertainment purposes only **** Sorry to bump this post of yours, but poopy posted something on another thread "I have to pick my battles" which reminded me of how I approach trading, I pick my (asymmetric risk-reward trade) battle in a way that I'm very confident the odds are high in my favor and the rewards are sufficient In your method, you are trying to find a strategy that might win 60% of the time(?) or perhaps even 50% of the time and cash management, minimize losses, let winners run(?) and once you have a consistent strategy, trade often (few times a day? a week? a month? or a lot of trades to smooth out performance?) Seems 90% of the traders out there are doing something similar, but there are many hurdles, trading fees, data feeds, slippage especially in options, HFT's, market makers games, pfof front runners, and maybe some others I don't know about In my method, I just pick an asymmetric risk-reward trade idea that will resolve in my favor before my options expire The latter point wrt time limit is a tricky one and if I'm wrong on that one even if my trade idea is correct in the long run, I still lose The first part, finding that trade idea that has the potential for me to take the trade otherwise, I do not trade and I have not traded stock market options for 10 years before 2021 I pick a market cap potential that is "undervalued" by 10x or put another way, the market cap should be 1000% bigger And then, I put a 50% discount, sort of if I'm 50% wrong on the market cap potential, and this is my target So my current trade, I think mstr should have a market cap today or in the next year of $300-400B, but if it only goes to $150-200B (50% off) then I still make over $1M on my trade I pick a trade for the whole year and I sit. and wait. and many times get beat up. but I'm confident the trade will work out in my favor You seek to have a method/strategy that will win many battles and collect smaller returns and pay the "frequent trader costs" I otoh only pick a battle that may last 6-18 months and targeting rewards that are many hundreds of % return on risk capital Just weekend ramblings, forgive me, I don't always communicate well, English is my second language, and this is related to the other post of yours I replied to about having a lot of small bets I still believe I'll be able to show $500k m2m profits on my position before eoy 2024 and that may provide more credibility to my trade strategy vs just showing to everyone that I'm gambling and getting lucky ------------------------ https://www.elitetrader.com/et/thre...risk-trade-for-asymmetric-risk-reward.379915/
Promise had been kept today, over $500k profits m2m but no selling no closing, all-in until 2nd half of next year 2025, over $1M of profits or over $2M, dun matter
Thank you very much, my friend!!!! Your very kind and generous post is much appreciated I found out recently that there are huge options players on mstr for the past 2-3 years, it would have helped my psychology going through some very big pullbacks on mstr (and options m2m pnl's) that I was not alone