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That's why I told this guy to buy/hold, and sell occasional covered calls. Little work, beats most of the active traders. Trying to overdo with huge leverage as beginner is what blows the account or severely under perform SPY, which I saw a lot. Also even if a little better than SPY, after tax...

Name any funds or individuals with average annual 20% for last 10 years (proven, not their words). I am sure there are a few of them but probably most of them no. Even if you over-perform SPY some years, after tax (especially if you are in higher tax brackets) and time spent to place/manage...

I've been doing wheels for several years on SPY on my 401K. While it's relatively conservative strategy and it works, it's very hard to beat just plain simple buy/hold SPY. Especially if you trade on taxable account. Just do dollar cost average on SPY/QQQ and occasional covered calls (when SPY...

Sweet Bobby, would you share your Greek parameters for 60, 30 DTE combo?

Actually I agree this is not a good strategy at all. This, in fact, is not my idea, it's from someone I know. The thing is, you can't really argue with 2X stop will provide some protection. Yes yes I know stop may not work well, but still possibility of blowing up an account is very low (but...

How would you hedge fully??

But SPX has crazy good liquidity. I heard it would still fill during flash crash, although it would be bad (but can't be so bad to blow up years of gain, right??)

OK. What do you guys think? 0 DTE (same day expiration) selling naked SPX puts on 5-6 delta. Portfolio margin. 1. Let it expire if not threatened 2. For protection, put an stop order on 2X of premium Worst case scenario, like flash crash, at least it will be stopped out (may not be 2X but it...

It is very sad to see the greatest country USA in history goes down to the "rich people are evil" path. I am an immigrant, I've seen all those real evils in other countries (with corruption and violation of human rights unimaginable here). What made USA great was equal rights/opportunities (not...

Bernie is a communist, plain and simple. He reminds me of foam forming (in his mouth), comrade in Chinese cultural revolution era. Doesn't matter who is working hard or innovating. Take other people's money as much (fast) as you can, and distribute to all fat lazy asses. Meanwhile the so called...