I had a pretty good week. I did GS options and got about 80x on my initial investment of $5,000. I was doing a lot of swing trades. Perhaps 10 - 15 trades a day. I actually have no documented strategy. Just lucky. Anyone else have a good week. FYI - Markets go up and Down. I love America lots and lots and then maybe a little more.
You do realize that if you did exactly what you did this week when next week starts, you can be right back down to BE at $5000? Profit is a fickle thing.
Keep it up! The market likes to reward that kind of behavior. And if you turned $5,000 into $400,000 this week, I inherited a couple of Green and Caribbean islands... I'll show proof if you do.
The only option I do is GS. It was actually since Thursday before last. I did hold several large position overnight. At the end it was hard to find where to place all the trades. I go for 1 week out to the expiration week. More on the first and less on the other. This has only happen once before about 2 years ago. Needless to say - tonight is going to me amazing.
Yep, super lucky, since it's been in the 1510 area a few times. That put option price must have fallen drastically, though. With time decay and bid/ask, I'd guess gold would have to fall to at least 1450 just to break even...though I'm not good at guessing option prices. Haven't messed with them in a long time.
I do want to address this - "I actually have no documented strategy. Just lucky." I have traded options for over 20 years. I should have been more diligent and recorded all kinds of data but I did not. I just now look at a market and get a hunch. No one wants to hear that. But if you have followed markets for over 20 years - GS for at least 5 - you have a feel. There is probably a mathematically basis to it but when you are in the zone you are in the zone. If anyone can explain that. Great. I was zoning out Big Time and loved it.