Yeah funny how that previous guy said that because you have a 1:50 leverage you can make it big if you manage it well.
Thanks Lornz, that's the explanation I was looking for on why so many scalpers are USD trillionnaires ...
Gave the trading outline a go around today. Es, 1 contract, +363. Trades for Today: After removing funds from the account to bring it to 5000K, I have decided to post once a week the snapshot of the EOW balance along with a few trades from the trade log.
Sorry, missed the joke as I have read such posts before on ET written seriously Still I might be a little uptight today...
Don't you know we are all trillionaires on this site? The point is valid, though. If you have system with positive expectancy on a liquid instrument, you scale up. It is really that simple. Unfortunately, most of the readers on this board will never adopt that mindset and look for those edges.
The trading outline gives the stage when stock options will be incorporated. If you look at the outline, I plan to trade the es intraday increasing contracts with account size. With futures I don't have to spend any time with research, but with options I have to spend time doing research and looking at many stocks. As you will note, I have provisioned to withdraw a salary every month for my work. Options trading begins once the account is large enough to pay me for the additional time required to reasearch the stocks.
Why OTM? Let's say I think next week AAPL will closer $10 lower than Fri close, wouldn't ITM near term Puts be better, given I want to close the trade within few days. I'm not a options expert, just asking.