I would like to get some advice on what I can do to get consistent gains daily here are my questions: 1. What are the strategies you use? 2. What are some sources to find day trades before the market open?
%% Keep your all options data, in writing; + notice how much more cash prices did profit than any options, over time. And its not a big deal but all these add up + dividends on cash ETFS +its not the option buyer who gets them. That's how i get consistent weekly gains, may not happen every day; but so few make good money daytrading /no problem. Sometimes it does happen every day.; i also use close price also..............
Avail yourself of all the free educational content from the exchanges and the OIC, be a bit skeptical of the advice on the forum.
%% LOL expect anyone to talk thier book\ even more when its a for profit co. I like capitalism myself. Good thing about a non option trend i dont have to be right on the timing @ all like option buyers do/just right side of the trend . I did not sell all my option books; Big Trends book by Price Headly has some good trend ideas in it. NOT my book, so/i dont have to have a written a book to talk/note it/LOL
What books have you read,and what makes you think you can get "consistent gains daily" trading options,if you can't do it on the underlying?? Or was that a typo and you meant consistent gains DAY trading options?? What's your current system/methodology??? Do you favor long gamma or short gamma?? Fwiw,you are putting the cart before the horse..
Never be naked...It's called that for a reason!! Worst trades ever thread...Beware "the fat finger". https://www.elitetrader.com/et/thre...ill-freely-talk-about-their-best-ones.318990/
Never say never,and dont confuse "naked" with imprudent size,i.e leverage.. If vol is jacked,and you truly want to own the stock,why not be short a put/s that meets your hurdle rate at a size that you would take down??
Most newb option sellers tend to sell 5 10 delta puts as opposed to 1 50 delta put.. And thats where they get in trouble