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Yeah that's whats good about it. I don't need a financial babysitter. My bank blocked buying crypto on credit cards when BTC had dropped from 20k to 3k back in 2019...I was loading up with a prepay credit card at the money mart maxing it out every day for a week. Fast forward 2 years later I had...

I think you can set price targets for entry. The payout on $100 is $45, roughly 2:1 risk reward...I've seen plenty of spreads where the risk is 2x or 3x the credit received...and that's not even including potential big losses for early assignment especially if the price gets pinned between your...

I don't think so they are pretty limited when it comes to strategies...just vertical spreads...maybe straddles/strangles. How would that trade play out? I know on a staddle you pay fees on both legs so price really has to move to over come that.

With binary options, all I have to do is say that a certain stock will be above a certain price at a certain time. That's it. Compare that to buying a call, where an expiry dates are chosen for me, a premium must be paid, a spread is forced on me, I have to pay huge commissions...AND even if I...

Market order Ok I can see on the left I can basically enter the market at the current price and select higher or lower and a time frame. Limit order On the right, I think I am I setting it up to trigger the trade when price hits 4272.10 and forecasting the price will be higher/lower than...

I'm saying its rigged. I realize money can be made on IV spikes and that's great, but I'm going to give binary options a try to get away from all the bs. Compared to the idea of binary options with no fees, spreads, commissions regular options are antiquated. I mean I'll still do weekly...

I have no idea. I'm going to try it with $100 and see how it goes.

So basically options is a rigged game. Option prices are manipulated "just so" to screw over retail. It is an automated, algorithmic game of shells. How is this legal? I mean look at the shit storm when gamestop retail turned the tables on the hedge funds for doing exactly what they do every...

A simple fib retracement from the November 2021 highs will give you an idea.

I was waiting for .05 doge again to fund my Emira, but looks like bitcoin is not doing a double correction (which it rarely if ever does) so might have missed the boat. It looks like bitcoin needs to extend in the next few months...its been range bound for 6 months so its overdue to find a new...

Oh no it wasn't an Emira...they weren't out yet. Those are nice...I put myself on the waiting list. It was an Evora. Correct though, yes I am a blue man with yellow calipers...3.5-liter V-6 manual.

fuck the stop. I didn't even know Dogecoin had moved...I almost forgot I had it.

I bought 100k Dogecoin when it was .05 cents and cashed out when it was .58. I got my self a Lotus Evora with that trade. I don't think it really matters because all boats rise with the tide (Bitcoin) The most important part is the multiple that's what alts are good for. 5k would have bought me...

Oh totally again that's why I only buy 0-5 DTE's and sell on the volatility spike. That's my point, why bother going farther out with lower IV. You can pretty much forget about making profits expiring ITM as mentioned. So it's likely that the IV will only pick up on the last week of the option...

Yes imo the BS is totally skewed toward sellers because they price options based on the potential maximum move and afaik price isn't even weighted to probabilities. I believe tasty trade did an episode on this phenomenon. You can see it if you look at your break evens and expected moves...it...

I'm checking out "Event Trading" (Binary options) because at least all it requires is being directionally right without the BS premiums to over come. (Black-Scholes) Anybody try these out?

I'm not saying that 0DTE or weekly DTE are easy to make money on, what I am saying is that longer term options no matter what your strategy are a rigged game and a waste of time imo.

Because retail has figured out that you can make more money in 3 days than you can in 30 days with less risk, and better capital efficiency. I'm looking at an 176 IWM call for NOV3 and the ask is 5.21. That means your break even is 181.21...good luck with that. Your only chance to make money is...

You can use conditional orders on IKBR (trade station) based on the price of the underlying. So set it to close if the price tags the short leg. That won't protect you after close or pre market, and assignment can happen early as well. I would just trade cash settled options like indexes.

IMO if you are trading without EW, then its like driving without GPS. EW encompasses everything about TA using statistical data. If you aren't using it to its full extent then you are only getting snap shots. I believe that renaissance technologies were essentially using EW. For example, I...