I think long calls on strong climbers would eazily outperform his reactionary Xbox playing style of scalping. 1. Screen for 100% gainers over the past 12 months 2. Verify momo still intact on weekly chart 3. Buy the dip (for calls, 3-6 month expiry is good for swing, >1yr out for position trades) 4. Strike price about 20% above current stock price gives best move, if you're right 5. You can always bail if you're wrong, assuming the stock's option market is deep 6. AVOID huge spread options, for risk management purposes 7. Profit. It's the sitting that makes the money! The futures market is a knife fight in a phone booth. What I described above is a recipe for real money, for intermediate level traderz
You may need $100k to begin, since I don't think it is likely for a newcomer to get much better than a ten bagger on their first year. But you can double your money in call options if you get into a super stock on the dip, when implied volatility is low, and let the money fountain eject the green all over your account for the next wave in the cycle. Call options are like margin, with a limited down side and a steady loss of value over time. It's like flying a glider. They are always sinking but can stay up for hours, especially if they find some rising air. That is what financial pontiffs refer to as "momentum". What goes up, keeps going up!
Hello Wide Tailz, This sounds too complicated and too much work for me. I will stick to ES futures market, where it is super easy to make money. Easier to just stare and guess and hope.
Hello Wide Tailz, The futures markets is for Lions, Thieves, Animals, Poor People who want to be Filithy Rich. Futures markets is not for people who think life is fair If you think life is fair and you do all the fancy stuff in life, futures market is not for you. Futures market is for people like me. I am the lion in the video below eating the other traders who think life is fair and who was not born VERY poor in America. I am the lion in the video. Only traders who behave like below belongs in the Futures Market. Again people born poor in America and want to be Rick QUICK belong in the futures market. If you was born poor in the USA and can watch this video below everyday while eating breakfast without blinking and ask no question, then you belong to be in the futures market.
I actually was born poor (mom was on welfare) and had no dad around, but the Lord visited me early on, thanks to the preaching of other believers. My violent tendencies melted away, but didn't stop me from pursuing boxing / mma for yearz. Tons of fun! But you know something? The really really good fighters I sparred & rolled with were very mild mannered and not violent at all, like Navy Seals when not on a mission. Your violent fixation is foreign to me and I don't see it that way at all. Risk management is the answer. For all the hype around Mike Tyson's power, back in the day, his defense was on another level, just like Floyd Mayweather. But if killing is your thing, there exist tools that make it a lot easier, but they may seem complicated before someone shows you what all the buttons and levers do. This was my intent, and it's not for you, what I showed you. Carry on, young lion!
Good Morning Wide Tailz, Great comments. I understand what you mean. We are all different in mind and think different. Being a Lion helps me be a better trader. FYI, I agree with your Options Strategy. Thank you for sharing.
Then why haven't you made your million dollars yet after 12-13 years of trying? Heck, your total PnL over your lifetime is negative, so easy? You say it's so easy to make money in ES, yet you can't ...?