Options trading for a living

[Brighton]

Quote from cmb:

perhaps you could come to a mentoring "exchange" with a trader here....perhaps it would be more worth your while to escort a trader in exchange for training. sorry to be so crude, but I know everyone is thinking the same thing!

What do you think T.S. in TSLexi means?

Whatever floats the boat, but someone might be in for a surprise.

 

[blakpacman]

Quote from Brighton:

What do you think T.S. in TSLexi means?

Whatever floats the boat, but someone might be in for a surprise.

Good observation:eek: :eek: :eek:
blakpacman doesn't swing that way.

 

[luisHK]

Quote from Brighton:

What do you think T.S. in TSLexi means?

Yeah, I thought abt TS and trans/gay escorting as well, and also about a troll. Anyway it would be a nice change to get an escort/sugarbaby aspiring trader !

 

[shelly]

This all sounds rather strange (going from escort to option trader). But if you really want to trade options full-time, and have the requisite skills (a facility with numbers and good puzzle-solving skills) you're probably better off looking for a full time trading position at a proprietary or market-making firm. But be forewarned - these types of positions are very competitive.

 

[TSLexi]

I'm thinking I should write monthly DITM puts on stocks I'd be comfortable owning (stocks with PEGY between 1-2, low EV/S, etc.), and if I get assigned, write monthly DITM calls. That's a pretty conservative strategy.

 

[Magna]

Guys, let's keep the conversation on trading. Thanks.

 

[Datradr]

Lexi why not start on stocks? why trade risky products right away and have a high probability of losing?? do you have capital to survive while you trade?

 

[Margaret Lekker]

What I recommend in this case is to obtain a good trade operator that offers good benefits, in my case I always look for a spread low execution time fast and secure licensing.

 

[xelite777]

Quote from Datradr:

Why trade risky products

There is no such thing as a "risky" [financial] product, at least in freely traded markets like the Stock market, the Forex market and the commodity market.

Unless he is trading thinly traded penny stocks with huge slippage potential, for example, the trader can always decide how much risk he is willing to take, via his stop loss and position sizing.

 

[wiesman02]

Quote from TSLexi:

Hi guys,

I'm thinking about trading options for a living. I have $20,000 saved up from my job, which I strongly want to get out of (escort), and I have had trading experience when I was in college.

My goal is to make at least $150/day. Since position sizing dictates I should only risk 10% of my total capital on a single trade, I need to make an ROI of 7.5%/day (not compounded, of course!). I plan to take the profits out of the trading account at the end of the week.

I plan on trading volatility, for example buying a call while shorting the underlying.

My questions are:

1. Do they make IV-based indicators, like a MACD, RSI, etc.?
2. Is $150/day a reasonable goal on a starting capital of $20,000?

Thanks!

Troll alert. Prostitution to trading ? Riggght, lol.