Thank you very much. It is a sobering message though. I only recently started to look at volume profiling and am interested. Everyone is looking to broaden their toolbox and the idea of it makes sense. I do not own any of the toolboxes yet. And you paint them as useless.
You bring in a...
I saw a few recommendations in this thread on how to get to good order flow. I looked at both jigsaw and marketdepth.
My platform is think or swim though - is there any recommendations for footprints, partial volume profiling etc for tos?
fair point - I understand the technical meaning of the greeks and I understand the importance of IV. I do not know how to make money with that; do you mean centering strategies around profiting around IV crushes?
Bruce, I have three things I am pursuing:
1. writing covered calls with the intent of making 1.5% a month
2. selling premium in a neutral fashion (I'm not yet doing strangles or straddles, but rather iron condors). These I do on bigger ETF's
3. directional plays
On the directional plays, let's...
I agree - my decisions are going to be different by using real money. I have a reasonable budget and am willing to pay a learning fee to the market.
Is this forum a place where I could post the trades i had made, the assumptions I had while doing it, to get feedback. Or is that not appreciated?
folks - just waking up and reading this thread; I'm really grateful for the words of wisdom of every single one of you.
I was going to ask about mentoring or paid services, but from this thread and other comments on this forum, I am starting to see this journey is a lonely one and it is basic...
fair - no, I don't think my stops are too tight. Quite the opposite, to be fair. I sometimes reconsider the trade and when I feel it is just the pullback working against me, I'll let it go farther than most people probably. I'll experiment with more strict stops in a few weeks.
Commissions I'm...
Have started to be serious about trading a few months ago and learning all I can.
I have been reading on technical analysis by Robert Edwards and Magee, and I've been drinking from the firehose that is youtube etc.
I am not looking to day-trade, but rather hold options for a few days or...