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Welcome to ET! This is question that as traders we constantly deliberate with changing market conditions and changing life conditions. I see myself as a business owner and investor than a trader. However, trading is what a I do 7 hours a day, 252 days of the year. I manage two other businesses...

One suggestion is to trade multiple strategies; Non-correlated strategies on preferably non-correlated underlyings. I usually trade 6 to 7 strategies on 40 underlyings. So overall it works to around 20 to 25 non-correlated strategies. Some work short-term (2-3 days), some medium term (2 to 3...

Thanks for the thread transfer. As mentioned, during my first 9 to 12 months of trading, I was a net seller of risk premium. Then I realized how much risk I was taking on without much ability to control. Plus, I didn't enjoy blindly selling SPX credit spreads on a weekly basis. Just seemed like...

The strategies that I adopt benefits from such "pops" couple of times a year. It happened in Apr'17, Sep'17 and Jan'18. Just a series of events where I see breakouts in volatility, price action to the upside or downside (depending on the bias). The true test of my trading skills is if I close...

What futures were you trading? I traded CL futures during Feb/March of 2017. Suffered a 15k loss and stepped back and analyzed why I did so poorly. It was pure directional trade that I just wasn't good at. It was also very stressful dealing with 3 contracts of crude and the associated leverage...

That's not a bad strategy and seems it could be systemetized. I'm gonna start testing it next week. Why a hull moving average? Why not just any other MA? Or MACD? The posting wasn't meant to solicit congrats. I am sincerely seeking other trading partners of better calibre. And I can't really...

Vega, I've tried to stay flat. Its gone from -2000 to 5000. 30/70 split between negative/positive delta on vega distribution. Theta, when I first started out, I was always selling premium and trying to get 1 or 2% of portfolio value, So around 2k to 5k positive theta. Then after reading Nassim...

I think the longer you trade you stop looking at things on a per trade basis, win/loss ratio and other detailed trade logs. I used to do that during my first 3 weeks till my excel spreadsheet was hogging up more memory than my tws session. 60 to 70% of my positions are losses because they are...

We're all small when we start off. I remember my first actual "trade" that I made on april-14th Thursday of 2016 (my account was mostly invested in one particular NASDAQ stock prior to that) I sold a straddle on SPY at 207.5. Closed it for $45 profit! Happiest day of my life. That just gave me...

I don't know the names of these strategies. Is it martingale? Who knows. I add positions depending on how much neutralizing delta I need. We all have "core" positions that we start out with, then we hedge it with something else. Till the hedge becomes the core and it's a constant game of...

90% discretionary. Algorithms can't chase this kind of return. Or least I don't know how to systematize this. I have written some python scripts that are set up to give me alerts on price action, certain delta numbers and theta/delta ratios and my account info (margin cushion/excess liq/cash...

Sorry, i meant 10k contracts a month. It's probably spread across 500 to 700 trades a month, 20 trades a day. Each trade may scale up to 20 contracts. I don't go 20 contracts all at once. I usually let it come to me as lots of 2, 4, 6, 8 at lower and lower prices. Saw this technique on a YouTube...

Actually, all of my positions were hedged with large negative delta from SPX and NDX. When SPX and NDX started rallying, I constantly closed my shorts within the first 15 minutes of market open and re-opened new hedges. Infact, I probably took major losses (over 25%) on my SPX hedges. The NDX...

No angle! As a very "lite" ET user with less than 50 posts on this forum, I exhausted most of my time trading than in cerebral dialogue. I'm sure there are similar traders with quiet-ET profiles who may have had better performances than mine. Hopefully one of these guys might see this post a few...

Do you guys come to Dallas much? We have a monthly meeting on the Tuesday of expiration week where each of us discusses various strategies.

I am averaging around 10k trades per month on around 40 underlyings. I have 7 to 8 different strategies on these 40 underlyings depending on the underlying's behavior (consolidation, pulback, bullish breakout, bearish trend). I'm spending this long weekend, to analyze my trade patterns and...

Dear Traders, This is an attempt to meet fellow traders of similar or better calibre in the Texas area to collaborate and share best practices. I started trading options as a means to attain better liquidity and asset protection for my real estate business and my consulting practice. Here's a 2...

Just a comment on NFLX and its everlasting bullishness. Our fund made money on NFLX for 3 of the last 4 quarters by staying long. Took a significant enough loss last week, by staying aggressively neutral (LEAP protected short-term straddles at $165). Purely from a fundamentals perspective, NFLX...

In agreement with FSU here. In addition to exchange selection, the individual prices of the legs could also vary based on your order type (RELative orders, best rebate etc), order complexity (ratio'ed spreads) and liquidity. In my observation, the more illiquid a market, the worse this...

Hi Robert, By liquidity risk, i just mean how quickly i can unload a given position, based on the bid/ask spread. I've written a simple script that just quantifies the bid/ask spread. Nothing accurate, but just enough to give me a good/bad/ugly indication. There are some options that I deal with...