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"When does it make sense buying Calls ITM ? Isn't one then risking more than is necessary?" I would say the basic answer is it is the closest "synthetic" to just buying the stock. The difference being the option allows you to control 100 shares a lot cheaper than buying 100 shares . Also...

I googled Brooks trading and this came up...is this who this thread is about? "Al Brooks is an ex medical doctor who is a “price action trader”, trading 5 minute charts of the ES futures (mainly). He trades one market only, during NYSE hours only, " It reminded me of when I only traded the...

I usually just day trade stocks. My father was a big trader and that's what he taught me to do. I'm just fooling around with options until the end of the week when I get funds added to day trade . Holding things overnight not really my style. In the first chart I posted in this thread...

Sold all positions. Will post profit/loss totals after I do all the math.

That was just the basic 1, 2, 3, top pattern. Market makes new top/resistance #1, market hits a low /support #2. market tests the high/resistance and can not pass it, #3 making a lower high, then the sell signal there was a break below support at #2.

Added to position:

Very good advice. Trading system based on hourly or daily charts would be much better. My funds to day trade will clear next week on Thursday. End of next week I can day trade stock and get away from options if I want. Been taking me longer to get funds to clear and get higher option...

The two indexes DIA and QQQ tend to move somewhat in tandem and I noticed a disparity between them which added doubt to the up move in QQQ. Bought the put on the X. It's a 30 day option expiring in one month. Wanted to buy the 365 put option but still waiting for funds to clear.

QQQ making a top pattern

I want to make money so I can get a house. LETS GO lol So tired of renting bad condo's. Still waiting for my funds to clear but I had $150 in option buying power so I got a lower strike than I wanted to get in this market! Date 10/27/2021 - Time 12:02:17 Bought 1 QQQ Nov 26 2021 353.0 Put...