Ready to get started...

[farmerjohn1324]

that aint coming down anytime soon

i cannot give a one line answer
but one thing, you can see in the chart is lack of pull backs.......

which means no one is selling it is going up that is known to everyone which is why no one is selling

the dilemma is how do you mange this?

if you buy and it corrects 10%?

wait for correction but what if it does not correct for another 100%?

if this was an intraday chart i would buy …..put a stop below a recent low, even a 5b min low or a hourly low...up to you

as long as there is no pull backs or lengthy ranges......this is going up.

what you do with that knowledge is your dilemma

I'm thinking I may do vertical option spreads on the S&P.

I'm 2019, the S&P went up 33 weeks and down 19 weeks. That's a 63% win percentage.

 

[Wheezooo]

I just made 10 times my maid's monthly salary in 60 min.
and I actually had to work for a min....sell at market.... close at market a little time later.
you have to be in office the whole day

You're in freaking India. You pay your maid less than the price of a happy meal in Manhattan.

 

[padutrader]

You're in freaking India. You pay your maid less than the price of a happy meal in Manhattan.

you are right
but I told the truth..

 

[padutrader]

You're in freaking India

I find your reference to my mother land rather interesting

 

[farmerjohn1324]

I really wish we could stay on topic.

 

[IAlwaysWin]

the market cannot do many things

it can go up fast.

it can go up slower than fast.

it can stop.

it can go down fast......and then down slower

but traders are not watching the market.
they are watching everything except the market..... their indicators ,elite trader,.....

Exactly! That's why you automate. Unless you're a 40 year vet and you have some serious skin in the game, you're not going to respect the discipline it takes to make it. I have that problem too. I can't manually trade so i let a machine do it for me.

 

[farmerjohn1324]

Exactly! That's why you automate. Unless your a 40 year vet and you have some serious skin in the game, you're not going to know the discipline

Well I'm trying to back test the first indicator combo I was thinking of. I realized it wasn't possible unless I'm actively watching charts regularly. I can't do that. I have other priorities.

But that doesn't stop me from back testing, I suppose.

 

[IAlwaysWin]

Another side note for the day (I might as well keep all my posts in one thread since they are all kind of related)...

Last night, I bought 3 (paper trading) options spreads. I just guessed on GOOG, TSLA, and BAC. Well they all went down today because the markets went down. How could I have known that would happen? I don't think there is a way. Just like there is no way I could know if it will all be gained back in the first week of January.

You need to stop being so focused on making quick money and take the time to learn. No one here is going to spoon feed you for free. We will point you in the right direction and I'll even help build you a bot if you can achieve a profitable paper trading strategy.

 

[farmerjohn1324]

You need to stop being so focused on making quick money and take the time to learn. No one here is going to spoon feed you for free. We will point you in the right direction and I'll even help build you a bot if you can achieve a profitable paper trading strategy.

You never answered my question about starting with $300k in an account. What would you have 12 months later.

 

[IAlwaysWin]

You never answered my question about starting with $300k in an account. What would you have 12 months later.

That's hard to answer. I trade Forex not options so i have huge leverage 50/1 but I'd only use about 20/1 of it. Starting out small with 0.06 lots, 40/60 pips per trade and around 350 trades a year per fx pair. It depends on the market really. I'd also compound future orders.