I agree with you. Matter of fact, I dare say that this is 100% certified "The #1 Advice" to give to 99.99% of those on ET. Focusing on how to undeniably/irrefutably make money first - is priority #1.Quote from Maverick74:
I understood your question. Let me re-phrase my answer. Instead of trying to make more money by increasing leverage, try to increase your return by increasing your alpha. By doing the former, you will never get to the latter. Hope this makes sense.
And then there is the 0.01% who know what they are doing. They figure things out by asking questions first - learning, investigating, dealing with the obstacles (including swallowing the condescension that comes from posting on ET). It's a long process. VERY LONG. But, in the end the reward is worth the hassle.
Oh wait. Did I just say, "the reward is worth the hassle"? Forget that. I want to drain the whole fucking market into my account now. It's all mine. After what I went through to learn what I have learned. I will not settle for Weeklies. I want the most powerful instrument ever created. They say that credit default swaps are financial weapons of mass destruction - sounds perfect to me - where can I trade these?
Do you feel me now?
So let me just ask my question one last time, a bit differently:
If for whatever reason (God, aliens, ESP, whatever) - If you had a cloudy vision of the future for one week (not just one day). What would you trade to capture the SP500's movement? And, the movement could be anything, pick a random week for this scenario. Maybe the one week has a good flow, which is rare, so you will probably want to swing it 2.5 days. But most likely, you will be wanting to capture 1.5 day moves instead, which is more common, since it is a "cloudy vision" intra-daytrading is usually not worth it.
Are you still going to tell me, "No such thing as bang for the buck"?
Finally, by me asking, "What would you trade", I'm not asking for a strategy. Meaning, you "know the future", therefore straddles and strangles, etc. would be unnecessary and ridiculous. I want to know what instrument.
Thanks again to everyone.