Down to about $90k, where would you park it if your trading skills were trash?

SimpleMeLike said:
Good Evening zghorner,

I would keep trading with $1000, and put the rest $89,000 in my savings account until you figure out how to turn $1000 to $1 million in a year in the ES or NQ futures market.

It is too late to get S&P 500 with that amount of money. Dollar cost average S&P 500 index.

You need to figure out how to make alot of money in the ES/NQ futures market. It is not hard as you are thinking it is, you just not talking to the right people or trying enough or looking at the charts and the math.

That is the challenging thing about trading and that is figuring out what the answer is and how to apply it with low risk, and grow capital.
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Wow!

This is the real @SimpleMeLike :thumbsup:
 
zghorner said:
Long options (no spreads). I'm talking betting 30%+ account on one single name lol..with no legit reason. usually 3-6 months out and just watch it bleed to death because I had no idea how important volatility was. Absurd.
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Most options are fairly priced (MM are not stupid) and most holders will not make money.

However, tails are usually mispriced especially in special situations so you need to search for special situations, estimate the outcome and calculate the probability (they are not IV).

Also, like venture investing, only a small percentage of options will have huge payouts and you need to spread your bets.

Good luck.
 
zghorner said:
Long options (no spreads). I'm talking betting 30%+ account on one single name
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It is absurd. Google Kelly criteria.
zghorner said:
usually 3-6 months out and just watch it bleed to death because I had no idea how important volatility was. Absurd.
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If you are looking for home run bets, IMHO, 3-6 months is too short.
 
zghorner said:
Yes most was with options. Huge positions on absolutely ridiculous plays. Had a few home runs but would end up thinking I knew something and get wrecked...I cannot describe how horrible some of these bets were lol I look back and can just shake my head...pure gambling.

Moved to futures and been doing it the right way. 1-2% risk per trade waiting for setups that i worked pretty hard to create. Still losing money. What looks like a solid setup in hindsight is worthless live as price movement through long bars/candles will stop me out. I'm just not a good trader and thats ok.

The loses have been over the course of about 4 years, initially yes it was crazy painful as I had to face legit failure from something I poured a Ton of effort into for the first time (pretty much have excelled at everything I've given a solid go to in life). The worst part probably was the fact that not only myself but everyone close just expected it to work out for me as well...nothing but support from family even now my wife wants me to continue and has 100% faith. lol...whoopsie daisy.

But it's not a big deal these days I'm at peace with it.
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Options I trade but ONLY sell puts, I do well with those , don't make much but haven't lost so I like sell puts and when I'm assigned the position I never mind it since I trade the most very popular etfs that of course go up in times like these.

Futures I do not touch.

Back to futures. New this guy who was trading futures some years ago, he was doing extremely well ...weeks went by and I glimpsed at his account. He had around 150k ...some weeks went by again and I noticed he was down huge, they ended up losing all those gains and I believe stopped taking that risk ever again. I still see him but haven't asked if he got back into the markets since then.

I take risk and have lost but never enough risk to lose an entire portfolio. I do take on more risk now since I have my retirement portfolio sitting there making free money as markets rally every single day so in my trading portfolio I put on some dumb risk.
 
SimpleMeLike said:
Hello zghorner,

I have one algo that I can sale you. It needs $50,000, and it will make you $500,000 in a year.
I can zoom call you and let you see all the back test and details and what ever you want. I do not have $50,000 right now to risk.

I sale you the algo for about $6000, just do not share with anyone.

You should PM me, so I can show you my algos that require the type of money you have.

You seriously need to talk to some serious ES traders out here man, you sitting on alot of good capital to take risk with. Get an algo.
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You must be kidding. o_O
 
SimpleMeLike said:
Hello zghorner,

I have one algo that I can sale you. It needs $50,000, and it will make you $500,000 in a year.
I can zoom call you and let you see all the back test and details and what ever you want. I do not have $50,000 right now to risk.

I sale you the algo for about $6000, just do not share with anyone.

You should PM me, so I can show you my algos that require the type of money you have.

You seriously need to talk to some serious ES traders out here man, you sitting on alot of good capital to take risk with. Get an algo.
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zghorner said:
Yea so I don't have an edge and just lose money constantly. Execution is solid, psychology decent, edge is poop.

Looking to just put some cash in longer term spots. VOO will probably get a portion of it but where else should I look? Any book or resource recommendations on liquid allocation? Not really interested in single company investments.

S&P made around 25% last year...did your trading account do better? Legit question if anyone outside of maybe Des and a few others are generating alpha....if my tradong account would have grown 25% last year I'd be pumped.

Thanks.
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I assume you were holding down a 9-5 job during the years you were trading?
 
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