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Not an options expert myself, but wouldn't suggest trying to make a career of this play....nor any play which extracts a high premium from you.

Unfortunately, you don't know anything yet. Having been profitable, you've "traded around a long-side bias"....with the Fed "printing and pumping" like a drunken sailor + keeping interest artificially low, has been correct.... and likely still is. You wont' know whether "you hit the market" or...

CORRECTAMUNDO! IOW... Trading well requires you have the proper "bias"... the same one as the market's at any particular time.

"Trading is easy"? Of course. Just click your mouse. Tading well, making money, and protecting your capital? That's different.

Only if you expect the world's central banks will (1) continue to print $TRILLIONS and pump them into their respective economies, and (2) maintain ZIRP/NIRP.

Unless your trading capital is ~$140,000+, there is no comparison to be made on any parameter.

"Not really"? Oh, come on. You've asked, "compare a $275 minimum commitment vs a $140,000 minimum commitment... which do you prefer and why?". DUH! If your bankroll is >$140K, then there is a comparison to be made. If your poke is waaaay less than $140K, then the question is absurd...

That's not the appropriate question.... IOW... If your account/capital is >$140,000, you can trade SPY or ES with virtually no performance difference (not considering "settlement" issues). But if your capital is significantly less than $140K, it's not a matter of "SPY vs ES"... it's more a...

1 share of SPY = $275. 1 contract of ES = "SPX x 50" = ~$140,000 (Word of wisdom... if you're going to "run your mouth" on ET, best be right on the specs or you'll be called out as a phony or know-not.)

Account/capital size? Minimum "non-leveraged" play in the ES is ~$140,000.

All government, including regulatory agencies, seek to TAX THE CRAP out of everything they can get away with. Nothing you can do but try to make enough profit to accommodate their taxes/fees. (5 years ago or so I got a traffic ticket. The "fine for the violation" was $35, but the "total...

Oil price is its own worst enemy. Price goes up, more production comes on line => drives price down. If the oil investment price isn't as high as you hope, likely it's because investors know any spike in price is only temporary and are anticipating the subsequent decline. Oil is to be...

Worthless bag of human skin. She needs to go the way of Kathy Griffin. https://www.zerohedge.com/news/2018-05-31/comedian-wins-award-social-change-calls-ivanka-trump-feckless-ct

$600/year just for some app to tell you what you should buy? (That's a lot of burritos!) A "turd in the punchbowl" would go over better than this notion. Sooo stupid as to be borderline comical.

Loved this part! :)

Day trading (or any kind of trading) offers the allure of, "if I can just get a handle on it, I can make big money without working all that hard". Reality... it's more like trying to grab a greased eel.

Can't beat Labs. I've got one of them also. :)

Years ago I bought a cutting edge, real-time system... satellite dish mounted on my air conditioner, data feed into my XT class computer (with 2x, 720K floppy drives and one 13" CRT monitor... cost >$10K, but presumed "worth it" if it gave me what I needed to trade well)... with the notion...

I heard him say that. He also said, "We all leak a little oil under pressure.... some more than others". He is one of my favs. :)

A note about "pressure"... In pro golf, the "50% make" distance in putting is at ~10 feet. So... a golfer has a 10' put to win the tournament and take home the trophy. Pressure, right? (After all, if he misses he doesn't/or may not get the big prize.... he'll still get a good prize, but not...