Robert Morse
Sponsor
What do you trade?
Independent Option trader
- Thread starter Mirah
- Start date
What do you trade?
IMO the key is not to think about how much you making a month. I know a guy made %300 last month trading only weeklies. He's a full time UBER driver, whenever he gets call ( except first hour) he leaves & goes work few hours and come back to see if any extreme limit order got filled.. that way he does not overtrade watching screens all day which saves him from making bad trades. What he makes as a driver pays his bills which makes I am the same.. still working in a full time at my uncle's restaurant at evenings and day trade early morning ( live in Alaska Time zone)
When I place order, I try not to watch charts too much usually put sell order same time. Way too much noise in small time frame. If the market is very active then I’m focused on that and it will keep my engaged.
I am curious why you said so. Do you have any statistics or information to share with us?
Several of us have been profitable as full time retail options traders. But we all have only been trading after the 2009 bull market so only time will tell what will happen to us in the upcoming/next bear market.
Regards,
Robert Morse
Sponsor
Maybe the way I phrased it was confusing. I was asking him why he said that.
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I asked the wrong poster (Robert Moore) my question: How do you know no one makes a living trading options? Can you kindly provide us with some statistics/published reports etc. that I am not aware of?
Thanks.
Sorry I miss read your post.
Well, obviously "tradelosses" can't make a living trading options so it is always easier to persuade oneself with "if I can't do it - nobody can". Wonder if he can make a living playing any professional sports... No? In this case I guess nobody can.
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Robert Morse
Sponsor
My fault, I went back and add some words to make it clearer.
I have option traders, RIAs, CTAs and hedge funds as clients that make money from trading options. I have some that don't. It was a silly statement made by tradelosses. Options do require more knowledge and experiance so it is harder for most to be consistently profitable.
sorry-just seen this- Index options
Robert Morse
Sponsor
I'd love to hear more if you want to share, even privately. Those returns are hard to get unless your account is very small and you are using a lot of your margin.