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@noom2020 - It's too bad the COVID thing is happening. Just before the lock down, I joined the Nashville stock trading meetup. Seems to be just as active as the IBD group in Chattanooga, but the one in Nashville had more 2-way discussion.

@noom2020 check your inbox

Hey I'm also an options trader. Looking for like minded traders. I lean toward delta neutral, positive theta options strategies. I am trying to dial in my overall trading strategy and I'm pretty close to getting it where I want. I am a member of Trading Dominion (was a member of Steady Options)...

Sent you a PM

Yes, very subjective, no arguement

Especially during this current market, I'm waiting for an upward broken trendline

I don't believe drawing straight diagonal lines make money, only an identifiable edge can make money. Risk / money management will help you survive. Trendlines are just "my" aid in determining if a market is trending or consolidating, it helps me make a decision. If I'm wrong, so what, my money...

I had the hedge on and it cushioned the loss, also I closed it too early. My crystal ball wasn't working when I closed the position, it would have made more money if left open. The big loser was supposed to be self hedged as well, but it didn't work as well as I thought it would. Long story...

I got out with a 10% drawdown. My rules are, "if the market even smells funny, I'll take profits and close positions". One position was a leg in of 3 short puts, closed with a 1X loss - the cost of doing business. I'm waiting for the market to settle (close above the 50 day MA and starting to...

Market is open, 01/06/20 closed above the 10 day MA and the of yesterday has been pierced. I've met my criteria so I will open a BWB today

I will show some pix later, but a pop in volume does decrease the T-0 line, overtime theta really keeps the T-0 line stable. I have been analyzing the Fall of 2018, Betrix 2015, Volmageddon 2018 and I was amazed how stable the T-0 line is. I will add the test pics here. Part of the reason I've...

Yes good guess and the win rate can be > 70%

Yeah, I thought because I put these on for almost no money and sometimes for credit I counted myself as a premium seller. Also, when there is no contract at 180 DTE I will put on a small naked put and close out at 2 - 1x loss, but it's not my bread and butter

Minor trend (violet) not pierced, looks like some buying taking place

As of 10 am EST, I will be looking for today's close to see if I will enter tomorrow. Looking for a close above the 10 day MA (yellow line)

There's a longer answer, but the driver's side of the steam roller is probably more like catching a train. And if I understand correctly, you only catch the train 35% of the time. If you have a schedule (good info, and good analysis skills) you may only catch the train 55% of the time. Both...

@El OchoCinco and @ironchef Oh, my bad. I did misunderstand :wtf: Sorry 'bout that

I'm okay with getting crap, someone here even called me a "f'cking idiot". I was okay with that, because I know I'm not the smartest dude here. Also, I believed it was a misunderstanding. But some other dude started asking me some real personal questions where the answers should have been pretty...

Couldn't figure out how to use fewer words

Yes, At this point I feel the trade is a loser and I'm minimizing the loss. But assuming deltas can be used as an estimate of percent ITM, then the original position had a 70% chance of success. If IV is overstated then the chance the position stays OTM maybe as high as 80%. So overtime and over...