ESKO
Thank you for sharing
I want to learn a little for my knowledge .Yoo can give general answers
Do you use a scanner to select stocks?Is your trade selection based on technical analysis , price action or trends?Do you buy atm calls and puts?Are you using weekly options ?How much % of your account , do you risk per trade?Have you done historical studies of probabilities on the instruments ?
Are indices /futures aligned with your stock trade , at time of entry?Are sectors aligned at time of entry?
Hi,
I try to buy in the money calls/puts, but when I was starting out with the $500 I had to take a few out of the money risky plays.
Now that I have some real ammunition I will mostly stick to in the money plays. I play the SPY a lot as well as a few blue chips like AMZN, NFLX, TSLA ect...
I rely more on instinct and money flow for my entries, I look at call/put volume and wait for perfect timing.
I don't trade for the first hour.
I mostly trade momentum and reversal plays.
When I trade the SPY I look for support and resistance areas and trade strictly off of that.
With the smaller account I was going all in on any single trade now that I have more to play with Ive cut it down to around $500-1000 per trade, so anywhere from 25% to 50% of my current account value in any one single trade. But as I go up in net worth these entry amounts won't change as far as $ figures go.
I usually only trade weeklies.
The SPY rules all of my trades, I base all of my entries in any stocks based on its movement regarding a bullish or bearish stance.
