Earn $200 USD per month trading my options account

K

keroppi

I have been backtesting different trading strategies for the past 3-4 months to assess how profitable they are as well as the drawdown they have.

I came across an options strategy that appears to work.

I am looking for someone to live trade my account based on the strategy. I would need you to be able to be on a computer during market hours (9.30am Eastern Time to 4pm Eastern Time) and take anywhere up to 4 trades per day on my behalf depending how many signals are generated. There is nothing to do for most of the day until you receive a signal. Most of the signals are received between 9.30am to 12pm Eastern Time.

The reason I am posting here is because I live in Australia and the US market is open in the middle of the night here.

I accept that the strategy may not work and I may lose all the funds in my account. I accept that the person trading my account may steal from me. I also accept that they may make mistakes from time to time and that is totally fine.

I think this would appeal to someone with some interest in trading and has spare time. It will probably appeal to someone who is not from a rich country where $200USD per month can make a small difference. An additional benefit is that the strategy can be replicated if it works out and I can pay you a bonus for correctly trading the strategy each month.

If you are interested, please send me a DM and tell me what experience you have trading options and we can get to know each other first before we actually go ahead.

P.S. I posted a similar thread before and I did find someone to test a futures strategy that I had. There was some backlash and scepticism, and I totally understand this. As I have mentioned my strategies may fail miserably and I wish to clarify that this is not a get rich quick scheme.
 
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keroppi said:
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P.S. I posted a similar thread before and I did find someone to test a futures strategy that I had. There was some backlash and scepticism, and I totally understand this. As I have mentioned my strategies may fail miserably and I wish to clarify that this is not a get rich quick scheme.
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I remember that post. And the reasons for which you got backlash on the futures one you will get here in options.

But hey, @destriero free monies for you if you have the time, yes? Heh.
 
traider said:
What if the account goes negative
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I am not shorting options. All option trades are done via long option positions with a hard stop loss and most of the options traded are not same day expiry.

Further to this, I have set up loss limits with my broker whereby all open positions are automatically closed if certain risk limits are triggered.

In any case, I will deal with the consequences if the balance goes negative.
 
Overnight said:
I remember that post. And the reasons for which you got backlash on the futures one you will get here in options.

But hey, @destriero free monies for you if you have the time, yes? Heh.
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200 USD/month will not pay Dest's morning Starbuck coffees..
 
You should realize that options is a wasting asset and time decay is your number 1 enemy. Buying options for short term trades seems like a strategy built for failure. The slippage and mistakes you make will probably, eat out any small profits you earn. Add to that, you will suffer losses too which would eat up your capital. If you are going to be an options buyer, your best chance is to buy more time. That means paying more in premiums in exchange for time. Buy options, in the money with delta of 0.7 or higher, 4-6 months out or LEAPs (options with expirations in years). Time is a precious commodity too, wasting it backtesting what is probably, a bad trading idea is a huge waste of time. Not bashing you but, just being real.
 
$400 a month, half in advance, and I'll place the trades in your account. (I am a former Sydney-sider, and I know the sleep-deprivation required to trade the US markets there regularly.) If interested let me know. I assume you use IB in Oz. I'll also have to run this by my attorney, as I am not registered, but I doubt there is a problem.
 
SoCalOptionsWriter said:
$400 a month, half in advance, and I'll place the trades in your account. (I am a former Sydney-sider, and I know the sleep-deprivation required to trade the US markets there regularly.) If interested let me know. I assume you use IB in Oz. I'll also have to run this by my attorney, as I am not registered, but I doubt there is a problem.
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If you are in the U.S. the not being registered could be a problem if you are running someone's account and have fiduciary control over it.

Also if you need to do this to earn $400 in a whole month then you must not be that be that good a trader because that is pennies/nada/bubtkes
 
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