7 tips to be a good trader

Sixth tip

Buy high volatility and sell low volatility

At first step junior option traders aim to sell very high volatility (this high volatility is there for a reason which early or late you will unfortunately learn)

Inversely low volatily are allways the highest risk reward for sale; check before that no earnings are coming , dividends, special news, trials or whatsoever. If u want to sell option study carefully the diary

Sorry if I don't respond to your desire for more details (I don't intend to tell u exactly how to do): if u work hard u 'll find by yourself (and u'll get more fun:p
 
Seventh tip

When trading futures , arbitrage between european, nikkei et us futures during globex.

For instance during european time, if a trend is being underway u very often have time to enter in the us future (allways a lag). However at a certain point every zone/country has its own resistance/support and u should respect them (This is also a very valuable tip)

The most profitable one (the nikkei : may be because I am the only one who does it :confused: )

Bibibibibibi

only 3 more tips
 
Eight tip

I'm back
for the last 3 tips.

This one is the most important to make a difference with others

When u feel u have a strong edge in a trade, strong risk reward , don't diversify, put all your money in it,

I personnally use a maximum leverage of something like 15 to 1 to my own assets,

For instance I have been and still am extremely bullish on the Nasdaq 100 for the next 2 years (it could double), Ibought some call NDX June 06 strike 1900 for a notionnal amount of 20 times my fortune, but it cost me only 2.5% of my assets

have a nice holyday
 
Sorry, but I think this is a recipe for disaster ...

Also, I'd be very surprised if your prediction on Nasdaq came true. But it doesn't matter if I am wrong because I won't take such a high risk as you recommend, and I'll adjust as conditions'll indicate.
Quote from fortuna:

Eight tip

I'm back
for the last 3 tips.

This one is the most important to make a difference with others

When u feel u have a strong edge in a trade, strong risk reward , don't diversify, put all your money in it,

I personnally use a maximum leverage of something like 15 to 1 to my own assets,

For instance I have been and still am extremely bullish on the Nasdaq 100 for the next 2 years (it could double), Ibought some call NDX June 06 strike 1900 for a notionnal amount of 20 times my fortune, but it cost me only 2.5% of my assets

have a nice holyday
More...
 
Quote from cnms2:

Sorry, but I think this is a recipe for disaster ...

Also, I'd be very surprised if your prediction on Nasdaq came true. But it doesn't matter if I am wrong because I won't take such a high risk as you recommend, and I'll adjust as conditions'll indicate.
More...

You clearly missed the strong risk reward part of his sentence.
 
fortuna wrote "When u feel u have a strong edge in a trade, strong risk reward , don't diversify, put all your money in it".

In my opinion: trading based on your feelings is a recipe for disaster. More: the odds of getting wiped out get very high when you don't observe money management.

Following fortuna's tip/recommendation could cause a lot of pain to unaware newbies that don't have yet the capability to sift through trading gurus' recommendations.
Quote from coolweb:

You clearly missed the strong risk reward part of his sentence.
More...
 
Thank you for all the tips especially for the arbitrage between index future contracts at different time zone. I noted you mention buying high or low volatility.

Is the instrument you mentioned considered a second derivative? and what would be the appropriate symbol for trading it?

thanks
 
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