3-6% ROI options trading system

[lawrence-lugar]

or maybe become a magician.
3-6% per day? Give up trading, like right now, and don't ever look back.

Who will it be next week? Who's the next clown that doesn't think 3% a day is the stupidest f'ing thing ever uttered?

"3-6% per day" IS Possible. -- not with plain tame stocks though. You have to trade the right instruments.
You can even make more than that...that's a relatively conservative number.

But doing it Consistently day in, day out and Scaling/Compounding it...well, that's another story.

 

[Mike Okistini]

"3-6% per day" IS Possible. -- not with plain tame stocks though. You have to trade the right instruments.
You can even make more than that...that's a relatively conservative number.

But doing it Consistently day in, day out and Scaling/Compounding it...well, that's another story.

Ok but you have not contradicted what he said, just confirmed it. What is the point of saying 3-6% per day IS possible but doing it on regular basis is quite impossible as we all have been saying. 100% a day is possible, anything is possible... but 3 to 6% a day is not only unrealistic, it is laughable the way it was presented by the OP.

 

[lawrence-lugar]

Ok but you have not contradicted what he said, just confirmed it. What is the point of saying 3-6% per day IS possible but doing it on regular basis is quite impossible as we all have been saying. 100% a day is possible, anything is possible... but 3 to 6% a day is not only unrealistic, it is laughable the way it was presented by the OP.

Ahh...this is where 'the devil is in the details' part plays in.
the general idea is to have a positive average, and a good system and management and luck.

I know it may seem "laughable" and a dream only to some...but all in all...it's not That difficult/impossible.

 

[Mike Okistini]

Well to be fair I said laughable in the way the OP presented it .

 

[xilb51x]

Well to be fair I said laughable in the way the OP presented it .

im no wordsmith thats for sure.

Ahh...this is where 'the devil is in the details' part plays in.
the general idea is to have a positive average, and a good system and management and luck.

I know it may seem "laughable" and a dream only to some...but all in all...it's not That difficult/impossible.

yes consistency is key and i agree 3% is conservative. but I know the strategy is risky and that's why I would rather get what I can get and be out. what I will try to do is sell lots of options at certain % breaks 2-3-4-5 etc. this way I can take some profit if the stock does decide to reverse on me and either get out with some profits or control losses.

below is my test trades from today using my original post.

got in late due to my program acting weird showing data from yesterday? anyways. I got in to TSLA with calls at 9:48 if not for technical difficulties I would have been in on the 9:45 candle open. at 233.31 instead of 233.80 so tack on an extra .15- .20 in option price. regardless my cost was 7.45. and the current candle hit a high of 234.93 for a 1.13 move. this 1 point move hits my 3% ROI. now looking back if I got in when I wanted to that 7.65 sell price would have been my 6% ROI. I am practicing staggering the lots so this is why that whole lot of 9:48 wasn't closed. the rest of the ledger is me putting myself in a situation that could happen and dealing with it accordingly.

 

[VIXTrader]

"Ahh...this is where 'the devil is in the details' part plays in.
the general idea is to have a positive average, and a good system and management and luck."


No there's no devil in the details, you're just simply wrong. Wildly, comically wrong. The only thing more stupid than people saying 3-6% a day is possible, is watching people actually try to defend it. Gotta love Elite Trader !

 

[lawrence-lugar]

"Ahh...this is where 'the devil is in the details' part plays in.
the general idea is to have a positive average, and a good system and management and luck."


No there's no devil in the details, you're just simply wrong. Wildly, comically wrong. The only thing more stupid than people saying 3-6% a day is possible, is watching people actually try to defend it. Gotta love Elite Trader !

God...you're relatively so clueless. "3-6% per day" is Possible. -- With a name like VIXTrader...you should know that it's possible.
You sound bitter/jealous for not knowing exactly how to achieve this...you want me to hold your hand and show you step-by-step how...?
(i won't tell you. i'm in the business of trading -- not teaching)

 

[xilb51x]

I didn't trade yesterday because I had business meetings in the AM
10-9-15 trade

got in at 218.96 at 9:39:14 (all 3 TI appeared) for 5.65 (call) set this one at a 4% ROI and was out at 9:42:31, 219.89- sold at 5.9.

only a .93 movement.

 

[Mike Okistini]

Wow, you risked $57000 to make $2,500..... this could implode fast if the stock turns against you. This is why I think in the long run you will just make OptionsHouse more money... I am sure you could make the money easier with futures and a stop loss with waaaay less margin....

 

[xilb51x]

Wow, you risked $57000 to make $2,500..... this could implode fast if the stock turns against you. This is why I think in the long run you will just make OptionsHouse more money... I am sure you could make the money easier with futures and a stop loss with waaaay less margin....

you could lose money if the stocks turns against you at any point in time if i'm not mistaken? so with that logic any amount used is at risk.