My goal is to make at least 30% per month

Discussion in 'Journals' started by marsman, Jul 23, 2016.

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  1. You need to open your eyes and learn from the past. Your risk of ruin with those goals is very likely. Even with 4:1 leverage ruination is still possible. Your goal from a retail position isn't viable in the long-term.
     
    #51     Jul 24, 2016
    gkishot likes this.
  2. marsman

    marsman

    As I clearly wrote there, I had not traded any futures nor their options yet, as I'm specialised on equity options; the FOPs are new to me, also seeing any options trading AH.
    But as said some days ago I have traded for the very first time the ES, even still holding it, and am in the positives. But it's not enough lucrative for my taste.

    And I had asked you for the link, but you have not been able to provide... Then you come over here and repeat your hot air again...
     
    Last edited: Jul 24, 2016
    #52     Jul 24, 2016
  3. marsman

    marsman

    Hi folks, I just want to remind that this is my journal and you are guests... Thx
     
    #53     Jul 24, 2016
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  4. marsman

    marsman

    An incomplete screenshot of how I find possibly lucrative instruments and their strikes:

    TSLA_Aug8.png

    Ie. there is about 14% profit potential with some strikes/legs of TSLA expiry 2016-08-05...
    Intraday the results are more accurate.
    This is just an average sample, of course by no means any recommendation to trade.
     
    Last edited: Jul 24, 2016
    #54     Jul 24, 2016
  5. are you trading volatility
    or leveraged delta?
     
    #55     Jul 24, 2016
  6. marsman

    marsman

    Both.
    Ie. whichever gives the most profit, because one can calc the profit in advance
    --> just take the credit and set that in relation to the marginreq then you know how profitable it will be....
    But this is a very simplified answer. There are of course some more things to take take into consideration...
    But I of course can't disclose my method here.
     
    #56     Jul 24, 2016
  7. never mind.
     
    #57     Jul 24, 2016
  8. newwurldmn

    newwurldmn

    Damn. I was hoping to learn all your secrets. You clearly have a winning strategy. In fact, I would bet it's the most winningest strategy on EliteTrader.
     
    #58     Jul 24, 2016
  9. you had me at winningest
     
    #59     Jul 24, 2016
  10. IAS_LLC

    IAS_LLC

    What is your risk management/hedging strategy? I think your expectation of favorable fills is already in question, but to achieve 30% a month also indicates your taking massive risks...the fact that they've paid off (in paper account) is likely luck. Are u hedging against this luck? What happens next week when the market doesn't go your way?
     
    #60     Jul 24, 2016
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