I am back again... Crystal ball here.... Take it or leave it. Spy will..

ironchef said:
Impressive. :thumbsup: The only other poster I know who day trade options and made a living is @jeffalvinson, my hero.

None of my friends/associates who day trade made any money. Me neither, and to survive, was forced to trade longer time period, i..e., swing options instead of day trade options.
More...


You have the wrong set of friends!!
 
easymon1 said:
do you stream online as you do things like this? gotta like that.
More...

Yes, I put on live trades during the free closing bell gotowebinars as I often do, with live trade confirmations from the fidelity active trader workstation... www.trademastery.com/ttofree

Tip for upcoming week: I'm paying close attention to the VIX and will scale into inverses TVIX SQQQ SRTY etc aggressively if VIX has 2 or more strong up days in a row
 
ironchef said:
Thank you. Of the two, day and swing, which do you prefer?
More...
Swing is my bread and butter because of the payoff, but the market makes only 3 to 5 big moves in a year. In between, I have to be content with whatever day trades are triggered.

But then, your method is different, so go according to what the method dictates.

The method is 98%, and discipline another 2%
this needs to be compulsory reading for all
The 80/20 Principle: The Secret to Achieving More with Less
http://tiny.cc/vedcoz
 
Thor said:
Swing is my bread and butter because of the payoff, but the market makes only 3 to 5 big moves in a year. In between, I have to be content with whatever day trades are triggered.

But then, your method is different, so go according to what the method dictates.

The method is 98%, and discipline another 2%
this needs to be compulsory reading for all
The 80/20 Principle: The Secret to Achieving More with Less
http://tiny.cc/vedcoz
More...
Thank you for your answer.

Wow, 3-5 big moves a year. :thumbsup:

When I started out back in 2013, I made several hundred very short swing trades a month. I am down to < 1 a day. Probably had only 3-5 really big moves a year too, so likely over traded.
 
Greeneveryday???? Says.....I told you what was going to happen so listen to me again ....
Remember I gave you guys a call back in March 23 so bullish about Spy and market?

Here is what market will do next..

SELLL! YES I KNOW I KNOW.

Dude are R U Serious w/ the chest pounding... LOL


it's not that hard to figure out that the market should sell off within the next month
  • The majority of the companies reporting have released results for their quarters ending in the month of March meaning for most companies it was "Business as Usual" for appromimately 10 out of the 12 weeks.
  • However, just wait until the retailers start to report because their quarter ends in April "OUCH!"
Anyways I couldn't resist I just love it when someone says they KNOW with such certainty
what the market is going to do and exactly when it will do it. Why do people fall for this crap?
 
You must log in or register to reply here.
Back
Top