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Im referring to debit spread so long one call and short the next call, sorry I mistyped, i meant to say, buy back the short call thats now in the money and roll it up. As for predicting the market, i have a backtested system that predicts with around 64% accuracy if the following day is likely...

Mostly ES options as I like the 24 hour access to the market

Hi, I like to trade ATM Debit spreads for directional plays, usually 0DTE. Often within the first couple of hours I can be well onside in the trade and I have a dilemma. There is still enough extrinsic premium in the short leg to mean I am not at max profit on the trade and the risk:reward just...

Either we are not understanding each other or you are way off. It is not 50/50 that the market goes up or down or your trade wins or loses if the stop and target are different distances otherwise all we would have to do is flip a coin with a 3:1 reward to risk

Hi, I'm in a similar position to you, was a prop trader for about 15 years but packed it in a couple of years ago but keen to return. I have explored the retail route before and theres some good and bad. Firstly the good, you can get all the software you usually would before, either via an...

Sure, but the odds of a random system with a 1:3 reward to risk ratio is only 33% of your trades win and you won’t make any money. with a risk 2 to make 1 system the odds are you will with about 70% of the time and not make any money too. It’s only edge that turns a profit and it’s nothing...

Youre making an incorrect assumption that it’s 50/50. If you flip a coin and risk 1 to make 1 the odds are 50/50. If you flip a coin and risk 1 to make 3 your odds are about 33%. The reason being there is far more chance the market makes the small move to your stop than the large move to your...

Cut losses, run winners is not a holy grail by any means. Try a system where you flip a coin and risk 1% to make 3% randomly. You will be around breakeven after 1000 trades. Down after costs. Same if you go and risk 3% to make 1% randomly. I’ve worked with dozens of highly successful traders...

Why do you assume that? People always assume trading is a get rich quick scheme. Maybe the guy has turned 10k into 15k in a year, 50% return isn't too shabby. But makes perfect sense to try and go somewhere that could accelerate him up to a 500k account in a year

Hi, Can anyone recommend any software for getting implied volatility charts of single stocks (on futures too would be a bonus)? I’d like to think there’s some software out there that’s reasonably affordable (less than $100 a month). I’ve seen TradingView do a few Vol charts but only for a...

If it wasn’t for day traders the slippage Buffet would have getting in and out of stocks would be horrific. He just doesn’t like what he doesn’t understand. I started prop trading with 5k to my name and made hundreds of thousands. With Buffets buy and hold in 5 years would have made maybe 10k.

I can’t code at all. But I’m also not a (trading) noob. They aren’t mutually exclusive.

It wasn’t the answer you gave it was the dismissive egotistical way you did it. Giving 2 word answers then telling someone they shouldn’t be trading options if they don’t appreciate the advice you give.

Thanks for the reply. I agree.

i was “literally” asking for peoples opinions

If it helps anyone else https://www.optionsprofitcalculator.com/ Allows 8 legged pay off diagrams.

I want a pay off diagram ideally with a T+ line. I’m sure I could do it in excel. My question was more for an off the shelf solution rather than building one myself. And thank you for the advice I’m more than capable of trading options and have been yielding 20% returns annually for a number of...

What the hell are you talking about? I came here to ask a simple question. Looking for a bit of guidance, perhaps a suggestion of software that can calculate it and I just get one line answers which amount to “go figure it out”. I can do that without coming to a so called “community” of helpful...

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i wouldn’t have a clue how