You need to open your eyes and learn from the past. Your risk of ruin with those goals is very likely. Even with 4:1 leverage ruination is still possible. Your goal from a retail position isn't viable in the long-term.
My goal is to make at least 30% per month
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As I clearly wrote there, I had not traded any futures nor their options yet, as I'm specialised on equity options; the FOPs are new to me, also seeing any options trading AH.
But as said some days ago I have traded for the very first time the ES, even still holding it, and am in the positives. But it's not enough lucrative for my taste.
And I had asked you for the link, but you have not been able to provide... Then you come over here and repeat your hot air again...
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An incomplete screenshot of how I find possibly lucrative instruments and their strikes:
Ie. there is about 14% profit potential with some strikes/legs of TSLA expiry 2016-08-05...
Intraday the results are more accurate.
This is just an average sample, of course by no means any recommendation to trade.
Ie. there is about 14% profit potential with some strikes/legs of TSLA expiry 2016-08-05...
Intraday the results are more accurate.
This is just an average sample, of course by no means any recommendation to trade.
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are you trading volatility
or leveraged delta?
or leveraged delta?
Both.
Ie. whichever gives the most profit, because one can calc the profit in advance
--> just take the credit and set that in relation to the marginreq then you know how profitable it will be....
But this is a very simplified answer. There are of course some more things to take take into consideration...
But I of course can't disclose my method here.
...
I'm no more doing any daytrading, I just concentrate myself on the expiration Friday.
And: short options are "Like Ice in the Sunshine"...
Ie. time is your friend: you profit even if the underlying doesn't make any move...
Say you are in the negatives, then just wait some hours and you will see a better result.
Of course it's not that simple, I'm also doing some scale-in, ie. averaging...
...
If a position of mine is say 10% in the negatives then I don't close it, I rather make use of the time decay, and increase the position even more...
never mind.
Damn. I was hoping to learn all your secrets. You clearly have a winning strategy. In fact, I would bet it's the most winningest strategy on EliteTrader.
you had me at winningest
What is your risk management/hedging strategy? I think your expectation of favorable fills is already in question, but to achieve 30% a month also indicates your taking massive risks...the fact that they've paid off (in paper account) is likely luck. Are u hedging against this luck? What happens next week when the market doesn't go your way?
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