"a kind of" hedge, but not a "riskless" hedge -- not all hedges, perhaps none, are "riskless" (on a long enough timeline ...) N.B. a "riskless" hedge has its own cost, e.g a long put isn't free.
what i learned about elite trader while actual trading. 1. # detesterio is a fraud and has no clue. every trade I made hit the tape they were all real. 2. I trade counter trend all the time and do well 3. i forced a trade because i was challenged and I did just fine and I am happy with how it turned out 4. detesterio has no clue about trading if he thinks that small trade was going to "blow me up in AH" 5. I traded into the frd minues today from the long side and it was my best trade of the day 6. people on this site at least a majority of them do not trade and never have trader 7.MACD counter trend trading is fine if you know what you are doing 8. the trades were 100 % real and as i was trading i was taking screen shots and posting 9. overnight. you are a loser and always will be. instead of trying to learn you bitch about it being in the wrong section? maybe trading is the wrong section for you 10. i have traded for over 10 years and sometimes you just have to make do with what the mkt gives you and you work with it the best you can 11. I don't see anyone jumping up to a trading challenge within minutes and acually making real trades 12. detestero has no way of knowing if my orders hit the tape? because they did and he is full of shit so just know that. 13. contracts is nothing when trading 14. that will be the first and last time i ever think about doing any live trading with the negative assholes on this site. i was having fun with it. i was never scared or worried or i would have jumped out. i know what the fuck i am doing. 15 take care losers. you wouldn't know a good thing when it actual presents itself for free 94,000 losing and non traders on this site cannot be wrong and that is why peopel come her and charge 7k to show you how to spread trade. what a joke. 16. Have a nice life. 17. make sure you check the time and sales and match them idiots
here are just some of the trades i did today. if i am sitting in this chair i sure as hell better be trading and making a living
lol I believe you. Nobody would fake trading one lots having traded for as long as you have. Wow. Chin-up. Perhaps you’ll reincarnate as someone successful. 1) One lots. 2) There is no 2.
later. I scalp 100's a day and that is how I am consistently profitable. I pay less than 20 cents a side in commissions without being a member. i still pay full fees with cme and nfa.
lol that’s not a bad rate for your micros! Round 2 tomorrow night? I can’t wait! Will you be blessing us with another pic of your spreadsheet?
What an absolute trainwreck of a thread. Started out with a perfectly legitimate question, but degenerated into this crap from REDP and co. Where are all the elite traders? The content on this forum keeps getting worse everyday.
I think there is a huge problem with your assessment. When the full stop is hit, its absolutely shit timing to reverse the position. If we refer back to the pic, posted here again, we see that the stop is at 2915. The initial long is at 2928, and the high is lets say 2930. If price trades down to 2915, hence 15 points from the high, it is likely to retrace this move somewhat before going lower again, if it even does. So entering short once the stop for the longs is hit is in my opinion terrible timing. Too often you see price test the high again before dropping further. In this case, if price traded down to 2915, I would say its more likely to go up towards 2930 again before dropping another 15 points without any retrace. Heck, you can even see the range on the left between about 2916 and 2920. Hitting 2915 would be a dip below this range, and then price could have easily shot back up after rejecting the break of the range. (if you're into that sort of analysis) Either way, shorting after a 15 point drop is not adding to the probability of this trade.
None of what you've mentioned are edges. It's vanilla-structuring. Think of it this way. The vol-market in the 25D call is 30x32. You buy the call at 30.3%. What's your edge? You have an edge on delta, gamma, theta and vega. You have an edge on all, i.e., your delta figure is 25.8 vs. 25 at mid. Say you're long vol from 30.3 and you miss a hedge figure and you go into the weekend long. On Monday you need vol to rise to say 32.2% to breakeven on vol (assumes unch). Synthetic vol = time. Synthetic time = vol. Greeks are not an edge. Structuring can be an edge, but related to the vol-surface, and I doubt you have the slightest clue what you're doing there. OPTIONS ARE VOLATILITY. In OTC markets the options are quoted in vol. The edge is reflected in the vol-figure you trade. Not theta. Sure, you can solve for the edge with the theta figure, but that's obviously not what you meant. ========================== Dudes, this is an options thread. The OP clearly mentioned calendars/optionality in his opening post. Get with the program.