...yes....
....the environment during the time he started that thread was very different.... than it is now.....
.....much lower volatility....
.....looking back.... i would have only entered spreads only when overbt/oversld conditions were extreme on daily charts....
....the environment during the time he started that thread was very different.... than it is now.....
.....much lower volatility....
.....looking back.... i would have only entered spreads only when overbt/oversld conditions were extreme on daily charts....
Quote from apex82:
I remember that thread.. optioncoach was a great teacher, I learned a lot. I also almost wiped out one of my accounts on selling one of those OTM vertical SPX spreads..... that is how I learned to take a loss asap... those babies can get real nasty. I vowed to never sell premium again..
