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I am guessing you are where I was many years ago. You are making assumptions about your future returns based on back testing or looking at past charts. Don't borrow money to trade. It is seriously a stupid fucking thing to do.

Start at 30:55. I'm a bit biased because I am a GBP fan, but I think every successful person has embraced this in some way. Losses are just simply part of the game. Once I embraced this, everything changed.

The last time I got my haircut, the girl asked what I do for a living. I just said "stock market" It's easier that way. I don't think she would have gotten the reference to spors mold and fungus, since I don't even think she was alive yet when 9/11 happened. I was on my way to my trading...

I was kind of a lazy trader for awhile after getting through an illness. (still emerging from it but feeling much better) Then I read something from one of my ET old timer friends who said "The risk of getting out too early is greater than the initial risk". I thought "Oh yeah, now I...

I didn't see anything rude about this.

Don't beat yourself up. Experimenting with a new strategy is how you develop a plan.

https://www.elitetrader.com/et/threads/trading-as-an-art-form.360259/page-7 Scroll about half way down the page. I know you post a lot and you just don't remember. That's all I'm doing. Options are just in my Roth.

Thank you. I seem to be quickly re-learning the craft, thanks to you. But I have a ways to go before I dive back in. Stocks with unusual volume and volatility are my bread and butter. One more question, do you have a totally different style from Dustin? I only ask because I've seen you post...

If I may add to this question, how much does IV come into play? Is it not as critical when you are trading ITM options?

One more thing for the OP, one more reason I think my NKE trade was just lucky and stupid, is because the implied volatility of that stock was very high because of its recent rapid decline. I over paid for it. If I had been more patient, I could've bid into it and easily gotten .05 when the...

Thank you. That makes much more sense than my assumption.

As I said in another thread, please excuse my ignorance, as I am just getting back into options. So options on micros are $1000.00 per $1 quoted. As opposed to stock options where each contract is worth 100 shares. Man, I need to get some new options books.

Thank you. I'm a pure day trader in my prop account, but I've been trading more options lately in my Roth with TDA, which is obviously just cash and no leverage. I got lucky earlier this week by buying NKE OTM calls for .10 and sold them for .50 yesterday. I knew it was a stupid risk, because...

Hi Robert. Please forgive my ignorance, as I am just getting back into options. Is this also because when an option is ITM, the delta is closer to 1, and if the position goes against you, the delta diminishes, and you are losing less and less as the underlying goes against you?

This is a question for Dustin. He's been at this a long time, and he's very good at trading short term options. Unfortunately, he's not on here as often as he used to be. https://www.elitetrader.com/et/threads/trading-as-an-art-form.360259/page-8#post-5538898

I had a mandatory online compliance meeting at the end of last year. I'm a pure daytrader, so overnights don't apply to me, but we were told that we had to ask permission to hold anything overnight. I get 50:1. 5k minimum contribution. Series 57 required. I don't do MOCs, but I never saw...

I've been at this awhile. I'm in my 26th year. And I asked what I thought was a stupid question a few days ago. I was reminded that there is no such thing. We're here to help each other. There will always be some toxic people on any site, but I've noticed a much more friendly environment on...

Agreed. I always use limits for entries. My bad fills are always because of slippage when an exit stop is triggered. (Stocks, not futures)

Agreed. That's all I do when it comes to shorting. NLSN was only down $.5 when the Nasdaq was collapsing, which is nothing for a 17 dollar stock in a volatile market. I apologize. I am way off on a tangent from this thread.

Actually, I would like to amend my last comment. Risk of ruin, or risking half your account, or just 5% always comes into play. But are there any statistics which show intraday moves like NLSN to the down side as well as upside. IE. take-unders, missed earnings intraday, bad news? I'm on my...