You mean trading against the prevailing trend and getting fuxxed time and again like you apparently get? Good luck with that. Options will only magnify your bad approach to trading and accelerate your demise.
brokers who allow under 1000$ deposits?
- Thread starter trade5656
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Get a clue moron. The trend is up. Buying the "dip" is buying into the "trend".
Now go back to figuring out the spread on an atm SPY option.
And you know beforehand that is will revert back exactly how? When something breaks down then it is in a current downtrend. You have no clue it reverts back and when, when you are contemplating the trade. Even not being right in terms of timing will immediately kill the the OTM option. Repeat several times a day and you just exemplified someone who made every mistake in the book of trading.
I guess you don't watch SPY or ES. Not aware of the tendencies on options expirations, etc...
You are just a bore.
This is actually not all that true if you ask me. Based on my understanding, you need to know a shit load of stats in order to have a slight edge with blackjack, and not only that, but you also need to play not only your cards, but figure out what everyone else at the table is doing.
When it comes to trading, it can be just as simple as put on a trade, and it either hits my 2 point stop or 2 point target. After years of experience, you clearly develop rules for which trades you take, and which you skip, and this will increase win rates, but at the end of the day, the trade either works or it doesn't. I imagine what gets many traders in trouble, myself included, is micro managing trades. You end up getting out early cause you "think" it isn't going to work. Or you end up taking a smaller profit because you get "scared" it won't hit your target. Maybe there are some orderflow guys who can read the market very, very well and have a high degree of accuracy about where the next few ticks are going, but I haven't seen this.
Most people will not have a win rate that is over 75% for a typical R:R that is between 1:1 and 1:2. This means that we are all kind of still guessing. Its an educated guess, backed by lots of experience, or stats if you're truly disciplined and automated, but you still cannot in any way predict if this next trade will be a winner or not. But what you can do is ensure that it either hits your stop or target and then you move on. I have seen with my own trading that sticking to a certain R:R is much better over the long run than trying to manage the trade based on which way its ticking up or down. For every time I save myself a point from it not hitting my full stop, I have lost out just as many times on hitting full profit because I got out too soon.
I just tried to help you save those constant account replenishments but I guess it holds true, a man's gotta do what a man's gotta do.
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Years of trading experience is what you claim you have. Yet you get all heated and riled up about a 1000 dollar account and trading the smallest margin products? Are you sure that {your quote}
"When it comes to trading, it can be just as simple as put on a trade, and it either hits my 2 point stop or 2 point target"
"When it comes to trading, it can be just as simple as put on a trade, and it either hits my 2 point stop or 2 point target"
I'm sure I don't have the experience that you do, but at least I can tell which options have a 1 cent spread. As for my quote, I have a spreadsheet full of my trades, and would you believe that there is actually a certain R:R that stands out as being profitable, and much more so, than other combinations? If all I ever did was put on my trades and stick to this, there is a nice edge there. So tell me, why am I going to meddle with this?Years of trading experience is what you claim you have. Yet you get all heated and riled up about a 1000 dollar account and trading the smallest margin products? Are you sure that {your quote}
"When it comes to trading, it can be just as simple as put on a trade, and it either hits my 2 point stop or 2 point target"
If you want to show us your stats, by all means, go ahead, but this entire website is littered with people calling tops, calling trades, all sorts of shit, and they get it wrong just as much as they get it right. So if you ask me, putting on a trade with a stop and target and just waiting seems like its too easy, but its also part of a winning strategy for many.
You just can't stop "averaging down" can ya?