Speaking of BS, perhaps you can tell us how well you are doing with this JH shit you keep supposedly trading. Seriously, I can't get a single person to share stats whenever they talk about the dumb shit they use to trade.
Do you rely on your trading to put food on the table?
- Thread starter Simples
- Start date
No secret. Quick repeat of previous posts: Breaking even. Long-term. Though not trading JHM actively yet.
I could say more, but give you benefit of the doubt so far.
Considering that you do not know how your trades are going to work out ahead of time even without making any mistakes on setups, entries and exits, if you rely on it for your living expenses, you probably, are crazy. Even top traders will tell you, they have 6-12 months of living expenses at a minimum. I am retired, use the few thousands I make here and there to pay bills and living expenses. Of course, my eventual goal is to make $5,000 a month trading stock options. You have to realize you will have losses. Sometimes, in bunches so, you have to be able to weather drawdowns and it will eat up profits you already have! So, this morning, I end up losing about $600 on NVDA put options, lost small profits on FB, JPM, lost more on AEO (all call options) and I still have my RUN put options which I have a large loss. When it rains it pours. On the plus side, I see momentum on NVDA shifting so, I buy call options now. On the plus side, NVDA call options I just bought covered that $600 in losses I incurred this morning by going up. Now, if NVDA continues to go up, I can make monies on it! FB, JPM showing momentum shifting to the upside. AEO although, it gapped down also, showing lots of buying. RUN I am just looking to close at a loss but, the market makers playing games today so, we have to see tomorrow. What will happen tomorrow? Who knows?
Truly no agenda behind the question. And OK whatever one answers here, but (to those who need to hear it) please no bullying.
Who is bullying who? I just stated my opinion in hopes someone will gain some insights from it! I guess not!
Been trading for ~12 years -- sometimes 'full-time', sometimes less; lately, full-timeX1000.
After at-least matching the market with vertical spreads (in the face of The Amazing Shrinking VIX...), I'm trying to put the pieces together to sell-out. I've seen 'the end of the tunnel' for a year now, but just compliance steps are yet another foreign land. (I thought Java was bad....) WOW this is a lot of work, *on*top*of* simply keeping competent positions in this (calendar-2018) market. Haven't had a real vacation in 11+ years, but I'm finally back to running (seems HUGELY hedonistic now -- even on tired legs)...... But my house is not improving, my friends haven't seen me in a while..... Love life?? "Pah!" I'm about done with project 'development' ("Yayyyyy!"), but there always seems like something more to "improve" -- "Ooop! Market changed! Must account for that!". Will it ever by done? Love working at/from home, and honestly, don't mind the hours, except that .... "Does EVERYTHING else in Life have to suffer so?"
Wahhh wahhh wahhhh.
In shopping this thing around, I'm getting some rather direct hints of job offers (outside of simply hiring me to manage trading my own set-up). Honestly, it's very tempting. I could use a breather. I could use a 40hour work week. I could use a vacation.
Well, time for a run. (Or, what *passes* for a run these days.) When I get back, "Homework" while watching NBR. Then Big Bang Theory re-runs.
Here's the thing: if you think you're going to be a competent trader on 30-minutes a day, you've got another thing coming. If you're successful for 6-months? The market will shift -- your favorite underlying will peak/trough-out, and you'll lose for the next 90 days until you figure out that you need a new tool. Just remember: You ARE Research, you ARE Legal, You ARE your own trading staff and IT and banking and even HR: you must be honest with yourself and get alllllll the shit done, before it needs doing. "30-minutes a day" is living on borrowed time: if you're going to put food on the table, always be thinking ahead.
After at-least matching the market with vertical spreads (in the face of The Amazing Shrinking VIX...), I'm trying to put the pieces together to sell-out. I've seen 'the end of the tunnel' for a year now, but just compliance steps are yet another foreign land. (I thought Java was bad....) WOW this is a lot of work, *on*top*of* simply keeping competent positions in this (calendar-2018) market. Haven't had a real vacation in 11+ years, but I'm finally back to running (seems HUGELY hedonistic now -- even on tired legs)...... But my house is not improving, my friends haven't seen me in a while..... Love life?? "Pah!" I'm about done with project 'development' ("Yayyyyy!"), but there always seems like something more to "improve" -- "Ooop! Market changed! Must account for that!". Will it ever by done? Love working at/from home, and honestly, don't mind the hours, except that .... "Does EVERYTHING else in Life have to suffer so?"
Wahhh wahhh wahhhh.
In shopping this thing around, I'm getting some rather direct hints of job offers (outside of simply hiring me to manage trading my own set-up). Honestly, it's very tempting. I could use a breather. I could use a 40hour work week. I could use a vacation.
Well, time for a run. (Or, what *passes* for a run these days.) When I get back, "Homework" while watching NBR. Then Big Bang Theory re-runs.
Here's the thing: if you think you're going to be a competent trader on 30-minutes a day, you've got another thing coming. If you're successful for 6-months? The market will shift -- your favorite underlying will peak/trough-out, and you'll lose for the next 90 days until you figure out that you need a new tool. Just remember: You ARE Research, you ARE Legal, You ARE your own trading staff and IT and banking and even HR: you must be honest with yourself and get alllllll the shit done, before it needs doing. "30-minutes a day" is living on borrowed time: if you're going to put food on the table, always be thinking ahead.
Not even a little true.
You’re being cute. He’s asking if you rely on trading to live