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Hi. @toucan @Schaefer @Slope Trader

if Binance is only showing their own volume, wouldn't it be similar to other exchanges, though? Price starts soaring, people on Binance and elsewhere start buying (or selling).

Volume tends to be huge at reversal points.

Let me rephrase, would you ever open an iron condor such that price has to move very far and specifically to one area for it to be profitable?

For some reason my presumtion was profitable > ITM. The question stands based on the picture.

I did. Maybe that's why i have turmoil snipping losers right away. Do they hold onto the losers until they become winners and sell right away?

https://www.elitetrader.com/et/threads/daytrading-2-1-for-small-traders-the-complete-method.282485/

So are you saying scalpers use the same low risk high reward like trend traders?

You hear about trend traders who use their little stops and huge targets (and their rotten win rate). Is scalping opposite?

I read LSE and thought low self esteem and I was like aww

Yeah, ride trend.

Thanks for clarifying. Does switching between puts and calls like that numerous times create wash sales? Not to be nosy but can you expand on your tax problems and why you can't trade? Don't give personal information of course. However, understanding I'm a noob, maybe what you say might...

@Dustin thanks for replying to my quesitons. Dumb question, does that mean a 16 cent 48 put? Why did we start talking about movies?

So, when that guy was doing this with forex, his net profit was $0 no matter what happened prior to closing the unprofitable side, in which case he just paid more comissions to have $0 net profit against just doing nothing until he psychologically picks a side and adds in this way. Of course...

Dustin I edited my post. Are you just doing straddles and adding to gaining side?

@Dustin would you say this is a tight triangle (MNMD)

This is a really excellent question. I remember seeing a thread years ago on a forex forum where a guy basically said "I go long and short and close the position that isn't winning." Someone else pointed out that this is the same as taking no position, and just buying or selling whichever way...

Exit strategy is likely selling some $1.50 calls when price rises enough to make it worthwhile. $2.00 would be better. I don't want to sell them too far out into the future because I think price will be way above $1.50 in the future. So I desire to wait until I can get a good price at one or...

1 trade a day, just trade in the direction of VWAP. j/k, I tried for months to make a system like this work. It didn't. And it was more than one trade per day except if the market was trending hard.