Recent content by Mr Super Trader

Hi Oddtrader Yes total risk is 20% although stop puts me at 10% risk a day. Basic example start with 1000.00 buy option 200$ 50% stop -100$ account balance now 900$ with 10% loss. Next trade 180$ 20% of new current balance of 900.00 Basically 10% of account balance is at risk every day...

Hey Quest Looks like a cool thread. I also trade options intraday. I buy weekly otm calls risking 20% of my account with 50% stop. No overnight holds (premium killer) Looking for a 50% return or more. With weeklies I look for the more liquid options. Also compound the account balance so 20% is...

I never stated anything about what I can or cannot do. Simply was giving an example. Just like you did. Hypocrite! Thus the reason I don't waste my time here. You want to talk probabilities the odds of you being anywhere remotely successful the way you trolled my post are slim to none.

Laymen terms 100 +300% = 400$ + 300% 1600$ - original 100$ = 1500%. 1% per trading day compounded is almost 800% per year. In options if you started with 1000.00 hit 3 3baggers in a row compounded.New balance would be 64000.00$. Return would be 6300% in 3 trades. It's all about compounding. I...

Thank You Eric! I'll download the platform and check it out.

I am looking for a broker that allows OCO contingent orders to stock price. Meaning an entry contingent to stock price followed by a stop loss contingent to stock price and a take profit contingent to stock price all in the same order. Obviously Stop order or take profit order cancels other...

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Good reply Redneck! Simple and spot on.

I fully agree! Though new trades can disprove an edge just as well as prove one further.

The thing about an edge is you can look back at your trading and see a distinct edge.{if you are a profitable trader} Going forward however an edge doesn't exist. How can it. When people say I have an edge. Is an edge really tangible? In the past yes. You have the evidence to prove you had an...

That I can break even with an even risk reward flipping a quarter for direction. (short term). Excluding commissions. Add a couple basic but effective rules. Increase win ratio. If possible raise frequency of trades while maintaining win ratio.

I would risk 1% of my account balance to potentially make 1% or more on my account balance. (Not including commissions)

Thanks man! That means a lot.

Tell me about it. I bought 460 weekly calls on Friday at 2.94. Stock was trading at 455.50. Sold today in the am when the stock was trading at 475 or so for 14. Almost a four bagger. I normally would hold. Figured id take profits due to protecting my undercapitalized account. 2 hours later...