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If you don’t know the Greeks then you’ll buy strikes that won’t make money. You don’t need to be a master of Greeks if you have a view on the underlying and are looking for a way to lever up on a bet. But you still need to understand things like delta and gamma, because those are what will drive...

I would take a look at mortgage reits especially those with exposure to speculative regions (Florida, Nevada, etc.).

I respect the Bofa team but I disagree. While demographics look weak, it's my opinion that we are on the cusp of a new bump in productivity driven by the confluence of now-emerging technologies. Specifically, the rollout of 5g, IoT, and AI/ML. This will lead to a new paradigm this is, in fact...

lol

You first need to study mean reversion as a factor. 1. Start with a hypothesis -- what happens if you buy a stock that dips below 5% from it's 5 day moving average? (complete random example) 2. Collect the data on subsequent returns through 1, ..., x days etc. 3. Decompose your returns by...

FX is known to mean revert around central tendencies that are driven by interest rates, flow (& positioning), and expected economic differentials, along with other factors. Smart FX traders analyze a pair and build views on each of the underlying factors before trading. For example, if a pair...

I recommend you start with a “building blocks” model based upon global growth growth. E.g. at what rate of gdp growth will demand = supply.

If you’re using an algo or other systematic approach, you’re not trading price action even if the price is triggering your trades (just like it does for any price sensitive trader). You’re trading some type of risk premia you have identified and built a process around. I doubt any of you has a...

Price action is a lagging indicator, it’s not sufficient for you to have a view. A stock being up/down 5% tells you nothing about where it is going.

BTW here are some trades I did today that were driven by price action but informed by a lot more than just the chart:

10:00:00 price trades at 150.01 x 100 10:00:01 price trades at 150.05 x 100 Total volume today: 2,350,000 ADV: 6,500,000 Days range: 149.50 - 150.50

10:00:00 price trades at 150.01 10:00:01 price trades at 150.05 Ok so what happens next? This is all the info you need for a trade?

I think you can profit from price action, but not alone. It's like saying you can be a great car racer by limiting yourself to just the rearview mirror.

very off. Stop worrying about "the house" and "market makers" lol.

This morning doesn't look too bad... futures pointing to a green open, and VIX futures down slightly. From a calendar standpoint, there's just a handful of earnings and not many economic data drops. The potential catalysts could be from Fedspeak (5-6 Fed officials are speaking), which may impact...

only four trades hit the criteria you set: the four trades are: FCR, TIH, WIR, and CUF.

I’m not at home when I get back I’ll post what the hypothetical trades were

Well that’s a completely different story…

in fairness, it's the way you are describing your strategy that makes it not work. you have an informal, discretionary process, that incorporates lots of bits of information floating around in your head. it' not a simple rules-based system as you claim. i don't know why you want to claim you...

this is true yeah i'd agree. except that by definition that's not going to work out. for you to even make sense of the chart, you have to learn about things such as positioning and need some kind of basis that tells you why there's an opportunity present (e.g. "why do you think buying the dip...