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That being said, today was interesting. I've been playing for a bounce since last Monday which obviously didn't work well, I got my ass handed to me every day last week. Today I made it all back plus some...and I sold way too early. It's the big days that matter for my trading, and this is...

Many days are uninteresting and I have no desire to do that.

You guys need to be thinking in terms of what returns you need to make this idea profitable. I trade a lot of stuff like this and have a 10-15x target for nearly every trade, and usually hold some for the 15-20x range. If you guys are taking 4-5x it won't work long term.

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It's been a while so here was a fun day. Sometimes trading is reading the tea leaves and getting lucky (MARK and possibly BKKT tomorrow morning). Last Thursday I held some DWAC overnight for the $60 gap. Friday I caught the BENE news and got 10k shares <$11 for a sweet trade. These past few...

Nobody here has told him to sell options.

$5m/mo in shares is hardly anything. This seems like a massive undertaking to save a few bucks. imo

You need experience, discipline, and maybe a little luck on your side when the trade hits. The idea is simple, proper execution isn't.

I've had 400%+ returns the last 2 years on a decent sized account. With 0DTE you are targeting 1000-1500% per day on the trade. 8-12% would be considered very poor performance. K.I.S.S.

Sorry I just don't understand your point. I've done this exact trade multiple times, it's a real thing.

Leverage + defined risk is what he's getting. Shares don't give you either of those. The defined risk part is huge because in stocks anything can (and does) happen. I don't have to worry about halts/news because I know exactly how much I can lose at any given time. This allows the player to...

For what he's talking about doing the greeks don't matter. This is super basic stuff. I'm a daytrader and if I went back to shares I would make significantly less $. The greeks play no part in my trading, so no I don't jest. Let me put it this way...we know Ken has made a little money...

You mean my completely theoretical trade scenario to explain a concept isn't going to happen? Thank you oh wise one. Edit: Are you trying to tell us the market can't go down, or that you wouldn't make 15x on the trade?

What is not going to happen?

He doesn't have to understand any of that for a basic put/call buying strategy. All I do every day is trade options and none of that matters.

Defined risk and leverage are a powerful combo. Ken doesn't trade much, but it's possible that switching instruments could be the change he needs to make some real money.

Ken, you would just buy OTM puts (out of the money). It's very simple, I do it all the time. So if SPY is at $400 and you think it's going to $397 today, you would target something like $398 strike. On MWF they have 0DTE (zero days to expiration) so they expire that day. These are the best...

Today was a decent day. I've had to move more into trading short-dated ETF options since stocks have quieted down, hence lots of activity in SPY/QQQ. I was long all morning which didn't really work out, then switched short with Q's and AMZN right as the market started to weaken. SKLZ was...

Yes, best year ever...and 2020 was my best previous to this.