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If there is a solution for you, it will probably involve crawling into bed with a lot of Greeks.

I think the % return would depend on how much the broker required to day trade ES (S&P Futures e-Mini). A lot of brokers only require $400 or $500 margin to day trade one ES contract. Some require 25% of initial, which would be a little over $3k. Index futures are explosive, as well. Let's...

It sounds like he's a day trader. You live in a different world.

Since these are 0-DTE options, in general, what is the latest he could sell his puts to prevent getting stuck in the trade and being forced to settle into a short SPY position at 449 x 1000 shares at the end of the day? I don't trade options, just trying to get my head wrapped around this, but...

Something to keep in mind about grinding your teeth. According to my dental hygienist, long-term grinding causes micro-movements in your teeth, which allows bacteria to work their way down below the gum line and into your jawbone. Left untreated, those bacteria will slowing eat your jawbone...

lol... I knew that was coming. Gotta watch out as it can get kind of cultish around here. :)

But he does occasionally trade straight Martingale: See Page 145, Post 1444

Yes, I'm familiar with that. My brother used to play craps that way, but called it progression/regression... or more simply... how to lose a heck of a lot of money playing craps! :) However, in trading, I think it would work well, with the usual risks; very much like scale trading where you...

Just thinking out loud: From my perspective, since you shouldn’t average-in beyond a reasonably number of times, averaging-in before the market moves at least two points against your last entry (not your last average price) doesn’t seem prudent, nor worthwhile, because there wouldn’t be a...

No might about it. Your trading style is definitely "ondafringe". lol As to the other, we'll chalk it up as a "senior moment." I've had a few of those myself, as I am well into my senior years, too! :)

Actually, it's ondafringe, not ondafridge.... although I have been known to spend a lot of time hanging around a well-stocked fridge!! lol

Yes, I understand what you're saying. On the selloff a couple of hours ago, price was mostly staying above my 200EMA on the 5m chart, so clearly bullish. I had three support areas marked as possible bounce points. Went long on the first one, then again on the second one. I could have locked in...

Yes, understood. I tend to trade MES when I'm testing a new strategy, even in Sim.

As I said, I only did it because I was in Sim. I would never, ever Martingale with real money. As far as averaging in goes, I am considering it because I am tired of being nickeled-and-dimed to death with these three point stops, only to see the market turn and go in my direction after getting...

@volpri After reading some of the recent entries in your journal, I’m looking at your way of trading more closely – even though it violates, not only the first rule of holes, but also the basic tenets of trading that we all learned in the very beginning of this journey. In fact, I sim-traded...

Long is much better than short.

Thank you. I appreciate the detailed response.

@volpri When you average in, it appears three is your limit before you reverse and average in going the opposite direction. And, from what I've read, you double your position every time you average in. If you start with one contract, that would be followed by two, then four, then eight... and...

And... (Paragraph, Paragraph, Paragraph)

https://www.elitetrader.com/et/threads/i-have-decided-to-put-a-significant-amount-of-my-money-with-amp.345379/page-2