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ES futures are tanking with serious volume and crude oil CL has rocketed with the news. It could be a bloody day tomorrow. I took a short position in /ES at 3242 shortly after the news came out. We'll see how this goes.

If you’re gonna sell the strangle you better know how to gamma scalp the adx otherwise you’re just throwing darts at a dart board hoping for a hit...

Think of a trade as a part of a portfolio rather than one specific position. A risk based margin account helps. Look for any efficiency or inefficiency in terms of implied vol against historical vol and exploit it. Understanding probabilities and the Greeks is imperative.

I'll race you to $1M

I trade the same strategy in my taxable account as well. I'm doing this in a roth so if the account explodes, I'm not taxed on the gains.

I am a bit of a gambling man and play poker at the casinos here in San Diego frequently. This has greater edge. I'm looking at the $1k as a small percent of my total net worth not as my whole account. Anyway not here for approval, I'm here to track and publicize my success and/or failure.

Haven't you ever opened a "fuck it" account before? I allocate responsibly in my other accounts, I promise.

Stick to strict entry and exit criteria. Refuse to enter an order unless it meets your criteria and automate the exit trade to meet your criteria by using conditional orders. It'll force you to follow your trade plan and keep emotions out of it. OCO or trailing orders are helpful depending on...

My Prediction: SPX closing 3720 on 12/31/2020

Selling premium works great until it doesn't and you get your head blown off. There's not enough juice in the trade with VIX sitting at 12-14 so if you're gonna do it look for an underlying at a higher IV percentile. The great thing is you can spread off your risk you know exactly how much you...

Or if you wanna stay away from options you could trade the TLT or GLD looking for a crash up

Why not trade long duration short, while near term bullish with the trend? Back dated put backratios on the SPY or QQQ could be a fun play. Or just some back dated spx verticals keeping your delta managed.

I'm bullish in the short term seeing as many of the 2019 concerns are subsiding and election talks haven't heated up yet. Trade war progressing positively, brexit not really a thing anymore, bond yields increasing and fed pumping liquidity into the repo market. Kinda hard for me to justify...

I cap my contributions each year in my Roth 401k and have other outside retirement accounts. This account is funded with separate monies earned from a passive source of income that generated $1K in 2019. It’s basically free money so I put these funds aside with the intent of over allocation and...

They're called teenie's. Look as far out of the money as possible for an option with a .05 bid under it and sell a whole bunch of that crap. Better have a risk based margin account and pray to god your broker doesn't close your trade on a market selloff.

Hi Guys! I've got a roth with $1001.75 in it. I plan to trade SPX weeklys purely speculatively with the objective of quick growth. Planning to trade butterflys condors and verticals and will be tracking my trades here. I'd say chance of blowing up my account maybe ~35%. I'll be placing my first...