I think it is very obvious that OP is just playing games here. All answers are very general with little or no substance. It's time to see some real time trades with real time hard stops for a period a two years or more. At that point, we can let the OP know if we have interest in the advice being offered. Right now, I do not have interest. Thank you for your time--Ishmael
This post of yours, fairly early in the thread, is pretty much the sum and substance of it. Some of your subsequent posts are longer, but they don't really go into much more detail. And that's all well and good. But if this is essentially all that you are going to offer, then what, exactly, is the purpose of this Q&A thread? Moreover, what do you surmise the reader will take away from it that will benefit his or her trading in any way?
I would probably have him shadow my trading and I would try to verbalize what is going on through my head a little. I think what is important is that we would both need to be (potentially) a similar type of trader, otherwise he wouldn't benefit much from me and it would be difficult for me to teach him as well. I think this thread is a good example of that. Some people ask very specific questions. Some of which I can't answer because I am not that type of trader or don't think in those terms, so I can't answer their question sufficiently to be helpful to them. Some ask questions to which I can elaborate more because it is within the realm of what goes on in my head when I'm trading and hopefully it will make some sense to them.
Sir Not to put words in your mouth but please tell me how far off I am 1.) Pick a time frame to trade (should match your temperament) 2.) Figure who is most likely in control (the odds favor of being in control) â (Buyers / Sellers) within above timeframe 3.) Figure out a point where you would be wrong (after determining #2) 4.) Trade accordingly 5.) Exit as appropriate How we go about determining 1-3 is up to each person, and should match their personality / temperament / risk tolerance/ bank roll Thanks RN
After skimming over some of the responses here it's easy to see why almost no one offers anything of substance any more. Kudos to the thread starter for trying though.
After careful consideration of your posts regarding Options tactics, and at various times in the distant past having employed similar approaches, I can only conclude that the vast majority if not all the people who attempt to emulate the strategies outlined will wind up at some point with their accounts decimated! Any successful strategy will have capital preservation as an intrinsic component. It won't rely simply on a speculators "feeling" and extrordinary insight, which would beg the question " If you are that good at reading the market why would you even waste you time writing Options" considering all the negative issues. Anybody with Options experience should know the issues that I'm taking about. On another note, the discussion has been interesting and for that I thank you. Regards Johno