I love options, been using them to hedge my positions in commodity markets approx. 25 years, every 3 years I learn an "ah ha" moment that I would think wow this is the holy grail, it might be at the time, but then more experience, trading and back testing, three more years goes by and learn another ah-ha that just either increases good signals or better way to hedge. My long term approach is very counter-trend so the underlying each year since 1992, winning trades is 5-15%, so hedging very needed, but unlike most, I stay in them years of rolling over trying to capture min of 75% of range past nine years.
I mainly scalp Futures with ES, Bund, CL and currencies but 95% is automated, only one system for longer day trading in all these years cause I have strict low losing percentages that have to be maintained. Have 60 minute system and it covers 40 plus commodities and hedged as well. I do automated spreading systems.
Trade stocks but core position was made in 2009 so now dance add on positions and hedged, do good amount of credit spreads based on underlying stock system which makes it directional and time decay.
98% is in retirement accounts of LLC which allows shorting and great deal of freedom of assets. In ten years going to have to start drawing out at 70yo, but in mean time keep building.
All my study time is towards risk management, there are just so many ways to enter, although have developed quite a few of them, but either waiting to catch the ball or throw the ball.
Trading is like at beginning make tons of rules and concentrating on trailing stops which actually worst thing to do, leave it at breakeven plus fees, and when you have excellent reason to move a stop, then do so.
There are very few "secrets" but hedge funds certainly not going to hand out. And some areas I never show or discuss. Holy Grails have formed from being mistakes, trying to do one thing and getting some things totally different.
I still believe the big money is in longer term but constantly dancing options around stock(with dividends)/ETF plays, and Commodity Spreads (Bone has excellent program from what I hear for Commodity Spreads)
But risk study for me in best concentration, just a few percentage points can change share size and decrease total risk, just study instead of reading most books as few are worthwhile.
Nap time.
I mainly scalp Futures with ES, Bund, CL and currencies but 95% is automated, only one system for longer day trading in all these years cause I have strict low losing percentages that have to be maintained. Have 60 minute system and it covers 40 plus commodities and hedged as well. I do automated spreading systems.
Trade stocks but core position was made in 2009 so now dance add on positions and hedged, do good amount of credit spreads based on underlying stock system which makes it directional and time decay.
98% is in retirement accounts of LLC which allows shorting and great deal of freedom of assets. In ten years going to have to start drawing out at 70yo, but in mean time keep building.
All my study time is towards risk management, there are just so many ways to enter, although have developed quite a few of them, but either waiting to catch the ball or throw the ball.
Trading is like at beginning make tons of rules and concentrating on trailing stops which actually worst thing to do, leave it at breakeven plus fees, and when you have excellent reason to move a stop, then do so.
There are very few "secrets" but hedge funds certainly not going to hand out. And some areas I never show or discuss. Holy Grails have formed from being mistakes, trying to do one thing and getting some things totally different.
I still believe the big money is in longer term but constantly dancing options around stock(with dividends)/ETF plays, and Commodity Spreads (Bone has excellent program from what I hear for Commodity Spreads)
But risk study for me in best concentration, just a few percentage points can change share size and decrease total risk, just study instead of reading most books as few are worthwhile.
Nap time.
