Best strategies to start trading

So far luck is the common denominator.

Practice trading BA Boeing monthly options
Boeing stepped in a rabbit hole, will they bounce back?
Screen Shot 2019-12-17 at 9.58.55 AM.png
 
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).
Just the opposite of trend followers, they just follow the trend, print money when price crawls into ATH day after day.
 
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.

Success rate was less than 40%.
 
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%.
Forgot to say but enough to live and trade for another day.:cool:
 
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.

Simple calls based on price action and volume. Problem with options is we need good news within a certain time period.
 
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'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.
Yeah right. So what are your favorite hours for scalping?
 
I'm a scalping fan.
i could fall in love with you

scalping is not for everyone but it is for someone who does not have patience and has a lot of time and is good at reading market.and who wants to hear the cash register ringing

but make one mistake and you will lose money very very fast.

i lost it for 12 years ....it did not bother me because if you lose it fast, you will also make it fast, when and if, you correct it.

i tried for 12 years to correct.

i realised finally that there was nothing wrong with method but i was implementing it in the wrong place.

in 12 years i only scalped eur usd. that was my mistake.

once i shifted to gpbusd i hit pay dirt.

a successful scalper mints money

a bad scalper burns money.
 
Simple calls based on price action and volume. Problem with options is we need good news within a certain time period.
you do not have time on your hands......and that why options are for suckers.
that said if you have the right method you can make a killing.i did that once.
i saw the OI for out of the money calls, were 10 times the OI for in the money calls.i made 500% in one month.
 
Back
Top