1-2K may be enough to trade a few MES contracts, but it feels very different to trade the same size with a big account, much more relaxed, better results.
Trade a big account
- Thread starter hurricane_sh
- Start date
If you have any stones, you will provide the link to this thread to all those who have money under your control.
Offer to suspend operations for two weeks after which if they have not removed their money, it will be handled as you see fit.
Make it clear that additional funds are welcome to be added to your warchest at this time.
In two weeks and one day, Rock N Roll!
You are going to get your ass handed to you if you do that. Day-trading MES is a fulltime job. The size of your account matters not. The size of your trades do. You start messing with a few contracts at a time in it, and you will know pain and pleasure.
Here's a song for you to listen to while you daytrade it. Good luck.
Lol. If this is a troll its a good one. If real, I see divorce in your future. Clueless and option writing don't mixThanks for all your suggestions! This is not a hypothetical question, I don't understand why anyone would ask fake questions.
My family is actually my wife, she doesn't trade but she earns very well. I earned well in my day jobs in my previous life, I treated her very well, now she takes care of me, well mostly. I burned her account once ($17K), she never got to see her account changes. With this new account she demanded to install the trading App on her phone, she checks the account on a daily basis.
She is upset with the 20K loss, but she understands that the market condition is extreme. When I recover my first 20K loss, I got cocky and sold options of individual stocks such as GS, MSFT, AMZN and MMM. I cut the losses of GS and AMZN, I have no confidence to hold them. Despite that the market has only rallied 50% of the 500 points decline, I'm almost break even. I wasn't doing too bad. If I only traded SPY options, I would be in green now. But I couldn't help asking myself: what if it dropped 500 points more? With the account fully loaded, it would be more than 40K loss. She will deposit 50K more and insisted it although I told her I can't handle big account.
BTW, MMM is really a disappointment, it performed much worse than all other stocks I traded. I plan to hold these 200 shares indefinitely.
I won't stop trading. My current plan is day trading a few MES contracts, very small P/L, which won't affect my account much. Sell spy options when good chances come, also trade small, don't use margin. I also like tesla options.
My secret trading goal was $1.5K weekly profit by selling SPY options.
My secret trading goal was $1.5K weekly profit by selling SPY options.
You can make So Much more than that,
By not selling options for small premium, but by rather buying them.
At the money strikes. Weekly options. -- and have great intraday timing.
Of course, the devil is in the details, though. You can certainly make a lot, but also lose a lot in the wrong hands and mind,
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You were instructed by your wife to "trade safe, big loss is unacceptable" with her money. Nothing, I mean really nothing, in your post describes how you will fulfill this requirement! There is no explanation as to how your daily actions are based on this requirement. All it does is explaining that you apply the trading strategies for your own account to your wife's account. However, your own objectives are very different from those of your wife. I believe that you should halt all trading in her account, study how to calculate risk and potential losses, and define what kind of trading would actually fulfill the requirement. Only once you know that could you restart trading in this account.
Love this song! Fond memories.
Man i feel bad for your family. I don't want them to lose their savings.
Start DCA into SnP.
Either you catch a dip or will average till bottom, if it falls that low. In any way , win-win for the long term.
As @BKR88 mentioned, longs only.
Your EGO doesn't matter. The future of your family is more important.
Start DCA into SnP.
Either you catch a dip or will average till bottom, if it falls that low. In any way , win-win for the long term.
As @BKR88 mentioned, longs only.
Your EGO doesn't matter. The future of your family is more important.
Thanks for all your suggestions! This is not a hypothetical question, I don't understand why anyone would ask fake questions.
My family is actually my wife, she doesn't trade but she earns very well. I earned well in my day jobs in my previous life, I treated her very well, now she takes care of me, well mostly. I burned her account once ($17K), she never got to see her account changes. With this new account she demanded to install the trading App on her phone, she checks the account on a daily basis.
She is upset with the 20K loss, but she understands that the market condition is extreme. When I recover my first 20K loss, I got cocky and sold options of individual stocks such as GS, MSFT, AMZN and MMM. I cut the losses of GS and AMZN, I have no confidence to hold them. Despite that the market has only rallied 50% of the 500 points decline, I'm almost break even. I wasn't doing too bad. If I only traded SPY options, I would be in green now. But I couldn't help asking myself: what if it dropped 500 points more? With the account fully loaded, it would be more than 40K loss. She will deposit 50K more and insisted it although I told her I can't handle big account.
BTW, MMM is really a disappointment, it performed much worse than all other stocks I traded. I plan to hold these 200 shares indefinitely.
I won't stop trading. My current plan is day trading a few MES contracts, very small P/L, which won't affect my account much. Sell spy options when good chances come, also trade small, don't use margin. I also like tesla options.
My secret trading goal was $1.5K weekly profit by selling SPY options.
Why would you post about it being your family
when it is your wife's money. Wouldn't that be
community property, so it's actually your own
money?
If you are going to post about a problem, then
state the facts from the beginning, instead of
wasting everybody's time.
If you are always short options carry some -deltas in your portfolio. Do this with other options, RR or futures. Become a master of one instrument not a jack of all.