closing before 21DTE is more important than managing winners imo , but I do both .
scalping is a negative to zero sum game ur just making ur broker rich, you
read all books and critically think what you think is real and not real. good book to kinda bring your expectations down as to how easy it is to make money
oh yeah most brokers will charge an exercise/assignment fee even tho ur trading fkkn european options. I had one broker who did not charge me that fee ;-)
87.5% of my portfolio is in 2 options trades lol but i don't trade individual stocks or do any that directional trading i measure risk differently. just check out my youtube u'll see how well im doing
pretty much , but I have my own thoughts on sh1t
tastytrade wants everyone to be trading everything all the time and imo its retarded they know it too but dont want to admit it cuz theyre revenues will go down
just giving you some quick tips bro cuz ur on the right path, and if someone told me the 21 DTE rule way back when i'd have more money today.
Single trade management is the same as your portfolio cuz when the vix spikes all correlations go to 1 so all those "independent" trades will all go the...
nope, the best way to hedge higher vol is just staying mechanical, taking the hit and then rolling into the higher vol
but A LOTTT of ppl like to play around buying vix calls or selling vxx puts , If i were to play that game I would just add more call spreads and maybe manage them...
individual equities in general are a bad idea , individual equities might have 12+ standard deviation moves while in indexes, commodities, currencies you might see 4SD
Also the commission cost + slippage will really add up.
liquidity + low commissions > diversification