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Gimme a hint Russian or Republican :)

Factor in that's it's been a 1 way market with one V bottom nanosecond correction and it's,easy to see how he made money... Unless he's one helluva stock picker,he most likely underformed as most short put strategies do..

Greatness doesn't come easy,but I do believe the great ones take directional bets with the underlying or directional option plays with an asymmetric payoff... That would be in addition to trading Verts/Flys and short vol in a "prudent" size... Most option traders tend to maximize the...

LTCM was a death wish..All the quant firepower in the world,wont save you from 50-1 leverage...

Plus,unless you are Buffet,9 out of 10x when it gets to your short strike,you really dont want to own it there.. And who wants to be dead right on a stock and make 50bps on some put?

IV30 is at its high since covid implosion,so thats not a great example(SPY).. Selling naked OTM option's is pretty dam close to fools gold,and i am 100 percent with you on ratios and butterflys.. The real problem with shorting options when IV30 rank is 50% or lower is you have to employ...

The guy is going from trading odd lots to A round lot. Literally going from 10 shares of SPY to 100.. If you can't stay disciplined and focused on that transition,you should look for a new hobby

This thread does not compute..

Hi,you need to read up on volatility based position sizing. You can easily get by on fixed % stops,but you should be aware of Volatilty adjustments.. I make 98% of my money from market making,but it revolves around Flys,verts and ratios... If I tool risk,I would ALWAYS trade with a stop.With...

I thought the same thing regarding liquidity,but it sounds like hes trading 20k or less

Easy fix,you should trade ten $5,000 accounts instead of one $50,000 account :) In all seriousness,are you trading the exact same system/way on the small account size as on the larger?? Same entries/exits(R/R),money management,position sizing,etc???? Simply not possible to always be...

The money management portion on stocks is easy.. Percent of capital to risk/ATR or some other volatility measure you like.... The trickier part is the option component... If your MM algo says you can trade 200 shares of stock,are you going to buy 2 options,or buy the Delta equivalant number...

That's a long time ago...Gurufocus may be the only source I can think of going back 30 years

I wouldnt be so hard on yourself..You caught a correction..Most important,are you staying disciplined,following your plan and have you done any backtesting/simulations??? Simulations aren't the grail,but it will give you a good idea of how the system may perform in different markets.. Hang in...

have you read any of Oneil/Minervinis books??

TYF,heres a quick "test".. Stock is at 100...You are bullish...30 day, 100-110 vertical trades for 1.75.. 100-110-120 Bfly trades for 1... Which do you choose and why?

Its cheaper.... But if the stock overshoots your target on the upside,the B-FLY gets short delta and goes to ZERO if the stock closes above your long wing on the upside... Think about it..A Bfly is a LONG and Short vertical,same short strike..Stock closes at your short strike on expiry,you are...

Listen to GOT ... Butterflys are simply one long vertical lumped in with one short vertical,,They share the same strike.. You can brew your own fly based off your market call and select the verts that make the most sense to you.. Thats the very simple breakdown... If you like punting,yes you...

How does this compare to your In/Out sampling?? Do you have any volatility filters?? How does the ATR compare with the average?? What percent stop is that?? Are you adjusting position size to make up for the vol expansion? Any fundamental filters,not that it matters much.. I use DeadDogs Spy...

Just to be clear,I wasn't offering:)