So far luck is the common denominator.
Practice trading BA Boeing monthly options
Boeing stepped in a rabbit hole, will they bounce back?
So far luck is the common denominator.
Just the opposite of trend followers, they just follow the trend, print money when price crawls into ATH day after day.I misread the signals at one point, I have a set of indicators that must all agree on 3 timeframes(1,2,3 min), I pulled the trigger on a trade that only had 1 and 3 min signals line up thinking it was going to work. Turns out the price reversed and stopped me out. Bad luck and shouldn't have taken the trade in the first place.
I have to very calm and treat trading like playing a game of following signals, not making $.
I would be careful trading this month. With the lack of news events and upcoming holidays, I expect a lot of choppiness in the next few weeks. It's typically difficult to trade when the price is crawling into new ATH day after day. Best trading days are usually when the price is right in the middle of R/S trendlines for a long term daily chart(IE: August-September, May-June).
Practice trading BA Boeing monthly options
Boeing stepped in a rabbit hole, will they bounce back?
View attachment 215408
Be very careful. Do you have a better crystal ball than the market? Trading Boeing options now is like me trading BIIB a few days back with a one time event unfolding. I also traded options on GE, TEVA and years back WFM, chased them down the rabbit hole and got clobbered.Practice trading BA Boeing monthly options
Boeing stepped in a rabbit hole, will they bounce back?
View attachment 215408
Forgot to say but enough to live and trade for another day.Be very careful. Do you have a better crystal ball than the market? Trading Boeing options now is like me trading BIIB a few days back with a one time event unfolding. I also traded options on GE, TEVA and years back WFM, chased them down the rabbit hole and got clobbered.
Success rate was less than 40%.
So you bought calls? Do you use vertical spreads?
I also have thought of Boeing as a good opportunity for a discount. Horrible news this year, but they are still 1 of only 2 major airplane manufacturers.
Yeah right. So what are your favorite hours for scalping?I'm a scalping fan.
Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains.
Deciding whether forex scalping strategies are suitable for you will depend significantly on how much time you are willing to put into trading. Scalping the forex market requires constant analysis and the placement of multiple orders, which can be as demanding as a full-time job. In addition, there are only a few hours a day when you can scalp currency pairs.
i could fall in love with youI'm a scalping fan.
you do not have time on your hands......and that why options are for suckers.Simple calls based on price action and volume. Problem with options is we need good news within a certain time period.