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A trading system is rules-based trading. It should help you determine when to enter, when to exit, and under what conditions. Backtesting is accessing historical data to help determine what rules may put the odds in your favor while entering and exiting trades. Example: A study of...

Buy the rumor, sell the news. The oldest rule in the trading book, boys and girls.

There is no such thing as accurate options pricing after or pre-market. As Robert suggested, wait until the position is quoting after the market open in the morning.

I'd thought that somebody had put a wooden stake through that monster and cut off its head back in 2010. It must have crawled under a rock to heal and return to haunt our dreams.

You're making two questionable assumptions that (1) Indicators work, and (2) Other traders succeed with them and can advise you. Trading is a big do-it-yourself exercise. So equip yourself with a good backtesting package, work it to death for thousands of hours, find something that may work...

The OP likely fell victim to one of the many "option income" promoters who like to headline their websites with the claim that "96% OF OUR TRADES ARE SUCCESSFUL!" Yes, that is often true. But the OP just experienced what the other 4% is all about. He should count his blessings if he survives it.

Give thanks to your creator that you only sold 1 contract. Short puts have been the death of many traders. Take your medicine and move on.

I need to point out on this thread the fact that when asked directly if he had compromising material on Donald Trump, Putin never said no. Follow the money.

Which frequently contains the most useful words embraced by both politicians and capital managers: IF and COULD

You have a number of things working against you. First, the big jump in volatility is going to really screw the greeks short term, and good luck dealing with that on an intraday time frame. Second, a very big reason that options traders suffer is they fail to calculate the impact of...

Yes, backtesting can be very useful. I am on year three of a very robust system that has conformed perfectly to initial backtesting I completed in 2014. From my experiences, backtesting can be much more predictive when applied to a specific instrument, especially an index, or index-related...

If you want to make directional bets, then trade the underlying. And if you can't afford to trade the underlying, then don't trade. And if you're going to try to figure out the whys and wherefores of every option position while its open, then I hope you have a long life because you'll need...

The fact that you have another income means this is a great time for stress-free training. Assuming that your goal is, as you say, to "evolve" as a trader, cut yourself a break and trade at very low volume. Make it a positive exercise, and not a negative stress. Put more emphasis on your logs...

Much will depend on how your broker handles stop orders, and how you ask your broker to handle them. Are they hidden? But a market order that is entered precisely at the same time as your stop price is hit, is most likely going to be filled first, if only because it takes time for your stop...

It's likely that your broker updated the conversion of shares, but hasn't yet updated the share price.

I would also suggest that you don't make yourself a slave to intraday data. There are many good strategies to be had using daily data, especially with the growth of high volume 2x and 3x ETFs/ETNs. Yes, I understand that you can code and have set intraday as a challenge for yourself, but that...

0 slippage in ES, huh? Famous last words.

A very good idea to set a realistic deadline and stick with it. Take the shot, but don't find yourself 5 years down the road still dicking with a losing project. Being your own boss means also being ready to fire yourself if the time comes. (I'm a terrible boss. I should have fired myself...

Most likely a single entry with the position still open. ;-)

Buying is easy. You'll find that it's the selling part that's the bitch.