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Example: This example is a losing position and maybe you can reduce the loss. For $2 wide 30 delta vertical put credit spread collecting $0.50. If the market moves down and breaches the short put you can sell a 30 delta $2 call credit spread and may collect $0.35. You reduced risk from $150 to...

Timing wise on the daily chart, because the market is down I may not put on a position today when market is open in U.S. Looking for market to close above the 10 day MA

Weekly chart shows break out of HnS pattern and still in up trend

Currently monthly chart shows the big bull market is still intact

Notice the account is ~$12K which I estimate is the minimum required

-OR- how to watch /ES paint dry Hey All, Time to put up or shut up. Time to expose my junk. I sell options premium as my trading style and only /ES. My current strategy is OTM Broken Winged Butter Flies developed by Ron Bertino of Trading Dominion and the positions will be hedged using put...

Successful traders reverse their natural impulses; they fear that a loss may become bigger and hope that a profit continues to grow

Me too, I'm a member of TD.

You have to determine what trading style you want to adapt - Death by a thousand cuts - traditional trend and swing trading -or- - Picking up pennies in front of a steam roller I pick up pennies in front of steam rollers and it been a journey of more than a couple of years. Reason being is you...

I believe the pattern can be profitable. But assuming the typical trend trader is 30 to 40% correct, you have to bet small, 1 to 2% of capital and wait for the 3 to 4x pay out. "One good trend pays for it all" Whipsaw song

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You're talking about these guys? https://www.optionnetexplorer.com/ They just updated the current rev. mid 12/2019 and I'm currently using the beta version of the next rev. In fact recently contacted support and you have to manually pay when subscription comes due - no auto pay

I told one dude, "he should be king of his own small island, with those kind of winnings "

It's fine. I met a couple dudes on line that tried to tell me that they got 85 to 95% win rates 1:5 risk reward or they earn 0.5% per trading day

No surprise. I actually was starting to get the calendars, but I got tired of managing a large watch list. And while at work it's kinda a pain to watch and trade positions

Yes it's the margin call. In high volatility the T-0 line collapses. You can adjust and pick up the T-0 line using long options

Yes, but even with trend trading, money/ risk management is key to survival. I'm currently reading Market Wizards and Ed Sakota says don't bet more than 1%, win rates of 30 to 40% (but "one good trend pays for it all"). We (you and I) have decided to pick up nickels in front of the steam...

ADVICE - get a paying job while learning From another thread... After blowing up 4 accounts the best advice I've got (it took decades for this to sink in and 2019 is my first profitable trading year): - Don't risk more than 1 to 2 percent of you account on anyone position - especially while...

What ZBZB said, internationally and commodities would be the next level of diversification. Uncorrelated assets for more safety

The short version is LOW cost 50% SP500 / 50% Bond index funds. Rebalance once a year. Do a search "Warren Buffett and SP500" Read a really good book that 80% of mutual fund managers and like 60% hedge fund managers have difficulty equaling the SP500. It's just a matter of time that the SP500...