News release strategy/ (watching charts with eyeballs is not necessarily a hedge...)

schizo said:
Hedging a measly $10,725 is not worth the effort IMO. You would be better off just closing the position and reenter.

IMO you seem to be after some holy grail that doesn't exist. Yes, some trading strategy do work better than others. But it ain't something you can earn for free by merely asking for it on a public forum.
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Losing $14,000 before I have time to react isn't something I'm willing to do. Now unfortunately staying on the sidelines during data releases will prevent me making any gains on them.
 
farmerjohn1324 said:
Stop pretending you're successful. I've been trying to ignore you since you started replying to my threads.
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I don't pretend anything, I've been extremely open with my failures and I will and have traded on voice with tons of different people. You're barking up the wrong tree with that comment, mainly because it's factually incorrect.

I am back and improved and will be starting a journal. Let's see if I've really improved or not this time.
 
Concinnity said:
I don't pretend anything, I've been extremely open with my failures and I will and have traded on voice with tons of different people. You're barking up the wrong tree with that comment, mainly because it's factually incorrect.

I am back and improved and will be starting a journal. Let's see if I've really improved or not this time.
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Ok that's great you admit you're a failure. What's your point? That I shouldn't listen to you?
 
farmerjohn1324 said:
Ok that's great you admit you're a failure. What's your point? That I shouldn't listen to you?
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Well I think you would agree and admit that it's kind of a moot point who you listen to, because you don't really take or heed advice from anyone, successful or not. Also, you don't know the reasons why I failed in the past. To you it makes no difference, I know, but it can actually be a nuance thing. Maybe I failed because of lack of discipline, not because I don't know how the market works. But yeah man don't listen to me, not asking you to anyways. Hopefully you get things figured out.
 
Concinnity said:
Well I think you would agree and admit that it's kind of a moot point who you listen to, because you don't really take or heed advice from anyone, successful or not. Also, you don't know the reasons why I failed in the past. To you it makes no difference, I know, but it can actually be a nuance thing. Maybe I failed because of lack of discipline, not because I don't know how the market works. But yeah man don't listen to me, not asking you to anyways. Hopefully you get things figured out.
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I don't blindly take "advice" from people I've never heard of that respond to my posts talking all kinds of sh1t. That's right. If you have something useful to say, then say it. Otherwise STFU.
 
farmerjohn1324 said:
Losing $14,000 before I have time to react isn't something I'm willing to do. Now unfortunately staying on the sidelines during data releases will prevent me making any gains on them.
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Either I'm stupid or you make no sense. Hedge is, by definition, an "insurance". Say you're hedged against your position (eg. covered call/put). Now suppose the market went in your position. In that case, your underlying is up but your hedge is down by equal amount. So you're net flat. On the other hand, if the market went against you, your underlying is down but the hedge is up. Again, you're net flat. So my question is what's the point? Also on a volatile day like today, you're looking at a hefty options premium.
 
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