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Lol. If this is the only math that you are referring and believe: (0.9)(-1) + (0.1)(20) > 0 positive expentacy (in your dream) This explain why most ET here are losers with this community college level of Math. The real profitable trading is much more complicated than this 101 Math.

Question to all the newbie : 90% winners but with x20 larger loss is a NO GO strategy. However, even you do the opposite way of trade (10% winner but with x20 profit in the winner), you STILL LOSS in the real world, do you know why ? The broker or bucket shop owners will not like the answer...

Good to see someone tell the true and share the real experience.

I repeat again, there is No Edge in day trading after you take into account the commission and slippage. You need strong edges to win in this game but unfortunately those edges are not available to retails traders. It is FAR better for him to give up in early of stage, rather than only come...

Historical Vol data only serve as reference. No different as you look at any price chart in a stock and say the stock is in the high or low range, and believe or not, you are wrong most of the time. To win in this game, you have to do better than this.

You must be one of the exception trader that can "make it" happen (even non of the institutional can make it) ? Mind to share how you do this ?

buy low sell high. Easy to say but hard (impossible) to do in real

To make money in option market, you have to either able to predict the price direction (up, down or sideway) OR predict the direction of Volatility. The challenge is NO ONE (not retail traders, not institutional traders) is able to do this Consistently in Long Term. This is the reason why the...

SPX is actually better than SPY, saving commission and indeed with similar slippage as SPY. I can't recall when is my last time I trade SPY. LOL

You will not get any edge by long or short premium blindly. Market will even up in long term, your long premium strategies will loss money in low volatility period and gain in elevated volatility, short premium strategies will loss money in elevated volatility period and gain in low volatility...

What do you expect from this kind of thread ? Some new guy come in, claim want to learn DAY TRADE, some BS posters respond (those BS posters claim to be successful traders without any proof) and here you go the story until the end.The new guy eventually give up after paying the broker or spread...

They can't bet the performance of most ET here, most ET elite here claims they makes at least 10% a month.

No one can do this consistently in long term. Not retail traders, Not institutional traders. What I mean is if you include all : risk/rewards + probability + commission + slippage, you have negative expentancy in short term day trading. Many 'profitable " traders in here are going to tell...

Correct. Most of the day traders in ET make 10% a month, they all start with 2K account with a bucket shop, triple their money in a year. They all become millionaires in 6 years time. They no need to have any college degree,no need to know the real Math or Quant skills. They learn their skills...

Good to know you are making money in day trading. I hope you make this claim from your heart and you make your living in day trading.

Too many people with different motivations in ET this day, really a sad thing. This guy is either an amateur trader that try to get attention and coaching from other experience trader (unfortunately he is using a wrong approach), or even worst is he is trying to market himself in ET as...

You are over complicated yourself and waste your energy in the wrong place. The more legs you are opening, the more negative expectancy you will put yourself in due to slippage and commission. You only become the best customer to your broker or owner of the bucket shop in this regards. If you...

I believe he never has a proper trading account with any REAL broker. He is using some blood sucking bucket shop that normally use "point" instead real tick. I will let him figure out himself in the hard way why bucket shops are blood sucking, especially trading Options. LOL

Never disagree, but sometime luck did play a big role in trading, no different from casino - 99% gamblers loss but you have the 1% lucky one. I know a guy that barely know options (he only knows to buy call when market goes up and put when market goes down). He manage to grow his account from...

I make a good living from buying/selling equities and ETF. I never day trade (at least not with any serious money) I never trade based on chart, chart is only my reference and NOT decision maker