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Good question. I am not profitable because I'm lacking a real edge. I have controlled the risk side of it, don't risk more than 1% a trade so don't get big draw downs. The problem is that the wins are quite sporadic and, at the end, I'm just about breaking even each month. It's pretty...

To be perfectly honest, if you can't be profitable with a $15k account then it's very unlikely you will be with $300k.

Wow, great post. I now finally understand how to assess delta and why it's important. I was thinking of starting out buying slightly OTM options but now see that I'm better off getting an ITM option. What is the minimum delta you'd recommend if one is looking at buying options with at least 60 DTE?

I read somewhere that intrinsic value should be no more than 1% of the underlying (as a rule off thumb).

Good questions, I've been wondering the same myself. This is going to be my personal strategy: 1. Look for stocks in a strong up trend. 2. Wait until they pull back and RSI is oversold. 3. Buy an OTM option with at least 60 days to expiry. NB: this is just my personal opinion, I'm a newbie...

OK thanks, that is a good idea. What would happen to three original call vertical once the month is up? I take it that I would sell it before it expired assuming it's in profit?

Thanks, yes a vertical debit spread is another choice albeit with limited profit potential. I'm looking at 90 DTE in order to give a long call or put trade time to breath. If you have a time span that if limited then you are battling theta right away.

When you say buy naked options do you mean buying calls and puts? If so, what is the strategy that you use? I'm thinking of buying calls on stocks I think will make a decent move up. The idea is to buy a slightly OTM option with at least 90 DTE.

Would you be looking at buying OTM calls with at least 90 DTE.

Sadly, if we know the answer to that we wouldn't be hanging out here reading this...

Wouldn't you expect the trend on a long term chart to be stronger? Thanks.

Hi, thankd for this. Do you employ these tactics to buy options? If so do you mind expanding a little on how you determine when to buy an option using Donchian Channels? Thanks.

Thanks, do you take signals when price crosses the 20ma? Also, who is Brooks

Which moving average do you use and how do you use it? Thanks.

Thanks, this is a good post full of good info. When you say: " where a successful signal will cascade up several time frames giving you huge reward (like 5x-10x) relative to risk." Can you please expand on that - what sort of signals are you referring to? Thanks.

This thread is a joke. Do you honestly think that anyone who can make a million (USD) a day would be hanging out here? They would have long moved on surely? Now, making a virtual million a day on a demo account...