Search results

Another alternative, take 1k and go to roulette , bet all of it in red or black, if you win, bet all the money (2k) in red or black again, if you are lucky and win for consecutive 10 times, congratulations., you are millionaire. This is more fun and faster than aiming 50% return per annual.

I don't think this is the "real pain" yet for your strategy. The change in the volatility in the past few days is not consider high from history perspective, you WILL SURVIVE this time and I am SURE you will come back to this board with claim of "recovery" from your daily small wins in the next...

"should be" ok ... :rolleyes:

Only trade when you can find A broker offers zero spread.

Never disagree. Options selling is only ONE of many trading tools and NOT an edge by itself. You need to use the tools in different situations (long/short options, directional bet on future, buy or short stock, bond and etc) to explore the inefficiency or extreme of the market ( high/low...

I don't think one year is enough for you to find out the flaw of this strategy. I know a guy that have a similar strategy as you - targeting approximate 0.25 to 0.5 % gain daily with the max drawdown down of 15% <in his so called one single black swan event) , and he believes he will...

My only question is if the market gap and it blow past your $3 stop loss when the market is closed (this happened before and sure will happen again in future), what is your plan to deal with this situation?

This post remind me Howard. The strategy will appear works for most of the time and will attract some amateur traders (in reality it is only a position with HIGH risk LOW reward, win small most of the time with ridiculous risk) , until one day when s*** hit the fan and the thread close.

Using Quantitative Approch. Stop looking at chart (aka tea leaf reading) or BS TA. Btw, no day trading, this only make your brooker (or even worst, the bucket shop) rich and you stand no chance after the commissions and slippage.

20% a month, 240% a year? I never see anything near this kind of performance even among the smartest traders in the street. Occasionally you find a few of them that claim to have this type of performance, but none of em last long, they all gone in long term.

The fact is those actively trade doesn't mean they will bring back higher return, indeed, it is always the other way around.

This remind me the old time, there was a commodities trader sit two cubicle from me, a smart young guy with a PhD from Yale. He always come in late due to the "bad traffic" (you can smell the alcohol and see the hangover face). He never get fired even he missed the morning meeting regularly...

I congratulate those that can trade profitable by accurately predict the market (up, down or sideway). I just say it is impossible from the practical point especially in the long term at least from my knowledge gained from institutional or as a private traders. I never see (I may be wrong) any...

Absolutely. Sh**, do I heard something in the Frying Pan bar in west side ?

None of the institutions can ever do this with high accuracy even with their ample resources , may be ET is a different type of trader from another planets that can make this?

Those are OP people money and it will be their least concern. The only thing they have to concern is they have accumulated enough saving from the big bonus and fat salary at that time (they will get fired) . I don't think retail trader have this luxury when they trade their own money. Note...

You will not have the information that they have which is their real edge.

Are you include commission and slippage in your calculation? How about assignment? What is your "tail risk" if SPY tanked by 10% and are you worst than buy and hold? Are you underperform buy and hold in bear market? Are you collect the same amount of dividend as buy and hold? PM me in...

Institutions traders are all price action trader? Where you get your information from? I hope you don't clasify those BS prop firm as " institution "?

I know for sure (3) works. Don't understand the other two and how they can create "edge" for retail trader.