It busted that $3 straddle nicely fwiw. $7 move to the upside.
Any traders that live within a 2 to 3 hour drive of DC willing to meet and take trading seriously?
- Thread starter nonpln
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It busted that $3 straddle nicely fwiw. $7 move to the upside.
lol I logged in bc I knew you would post about it. The NFLX deal saved you today. It was a loser all week. A win is a win but most would have covered before the news. The stock was pinned to the strike yesterday's close and the combo was marked to 1.8 (3.2 entry).
Nothing you're saying is going against what I am saying, except the nothing to gain comment. In fact I am literally doing the exact calculation you gave. I am doing 1 micro per $2,500.00 which is where I feel extremely comfortable taking a loss and where my risk of ruin is incredibly low.
Exactly the moment I size up I am the weak holder. That's the point of me looking to team up with someone. Nothing to gain in applying it to multiple indices doesn't make any sense to me. Sure, as an individual I can't due to my limitations. Again that would be the point of working with others.
Currently all I am doing is using a fractal pattern on a chart type that most people don't trade on with a simple filter, along with my context read to improve the expected value of my trades. How I am entering is pretty close if not caveman simple, but it's still highly effective.
I would fly in to dc (40min) but I wouldn’t take trading seriously.
There is a university in your area (Washington D.C.) that has a decent capital markets trading room.
George Washington University School of Business
You could put up advertisements on nearby bulletin boards at GWU School of Business. The other option if you're college-bound, in college...you could transfer to GWU and then apply to the school of business there.
You will then meet in person lots of diversified student traders in capital markets, network with fellow college students, and so on who will be making a "professional career" in investing or trading for a financial institution.
Just in case you're curious, GWU had several trading groups on campus before the Pandemic. You'll need to call their school of business to find out if those trading groups are still around considering the Pandemic killed a lot of university trading groups (+100 of them) around the United States...many of these university trading rooms have re-opened again now that the Pandemic is over but some still have not.
I know someone (the son of a good friend) that was a finance student at DePaul University but spent one summer (internship) in Washington D.C. area before the Pandemic and he had access to GWU school of business trading room...
He met a few student traders who today are trading for financial institutions.
wrbtrader
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It's a fine suggestion. I'll be talking to people most likely light years behind me though. Eventually could find someone that way though, it's true. Everyone here seems to be over stating the meet in person thing. Was not my intention to make that the focal point as it's some what irrelevant to the bigger picture. That was my attempt to cut down on the trolling and people that aren't legitimately interested. Does that make sense? It's more of a filter in that regard to save both myself and others time.
I have one thing already done and turn key ready (the system / strategy I designed and was speaking of). The second thing(s) are more advanced and in depth, has a lot of potential, but nothing set in stone. That's been put on the back burner for now since what I am doing is simple, easy and clear to execute the trade, while still being efficient.
It's called "networking" because those people that you consider "most likely light years behind you" without you ever meeting one of them...could direct you to someone you do want to meet that's more on your level.
Good luck.
wrbtrader
What is the point of putting things in quotes as if I didn't already agree with you? I literally agreed and said you are correct, that's a fine suggestion. Than you come with this response as if I missed your point, when I didn't. It just seems odd to me.
So, the problem seems to be scaling the account...? Am I missing something? What's the individual you're seeking a collaboration with supposed to help you with? Seeing that you seem to suggest you're light years ahead of people.
This is a discussion forum...you do not determine what type of message replies you receive.
Yet, your reply to me was "dismissive" (e.g. light years behind you) of people you have never met in your life and I find that to be very odd.
Relax and I do wish you good luck. No further replies are needed.
wrbtrader