Trading Long Straddles

Quote from falconview:

Thanks

I'm right now trading straight options on IWM. Just got my first trade in. Will try three and if it works will go to cash.
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iwm is also on my list of stocks/etfs i follow. i have traded some iwm bull put credit spreads with success.
what strategy are you using?
 
No strategy. Just technical TIMING for a straight buy and a small nibble in cash of .30 cents profit, without trying to chase the prices. Once bought, just enter a sell order and let it ride. Too soon to tell, but give it two months and will know more.

My theory is to see if I can get a high win to loss ratio, enough to start piling on contracts. Slow business, about one trade a week, or two.
 
Quote from falconview:

No strategy. Just technical TIMING for a straight buy and a small nibble in cash of .30 cents profit, without trying to chase the prices. Once bought, just enter a sell order and let it ride. Too soon to tell, but give it two months and will know more.

My theory is to see if I can get a high win to loss ratio, enough to start piling on contracts. Slow business, about one trade a week, or two.
More...

Hang in there .... champ.
 
Oooookay! On my second bet using the new system, I closed out too soon. I won a $100 and could have expected to win $300. But was scared out, and working on the hypothesis, that winning something and not having a loser was better for me. As the day progressed, I would have earned my $300, which it did just now. So I learned something about how my new indicators and signals work. I hope? One more paper trade after this and if I have a third winner, will move to cash trading.
Guess I will call this Black Jack Trading system in which you count the cards, or moves. Really hope it works long term.
 
Quote from falconview:

Oooookay! On my second bet using the new system, I closed out too soon. I won a $100 and could have expected to win $300. But was scared out, and working on the hypothesis, that winning something and not having a loser was better for me. As the day progressed, I would have earned my $300, which it did just now. So I learned something about how my new indicators and signals work. I hope? One more paper trade after this and if I have a third winner, will move to cash trading.
Guess I will call this Black Jack Trading system in which you count the cards, or moves. Really hope it works long term.
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You are the weakest link - goodbye!
 
Some people just never learn. They carry an "I'll throw the dice on this idea" attitude and just keep spinning their wheels getting nowhere...


LEARN SOME FU*KING FUNDAMENTALS FOR A CHANGE AND YOU'LL BE AMAZED HOW MUCH MORE SIMPLER THE TECHNICALS CAN PINPOINT A SOLID TRADE, WHETHER ITS A STOCK< FUTURE< or OPTION TRADE.
 
Weell, I missed this run up. It started and I missed it. Thought of chasing it and decided not too. For the PUT losers on "my option trades", not trading is a good decision too. ( grin )
 
falconview said:
Having failed at credit spread trading, Gap trading and straight buying of options. I´m now trying LONG STRADDLES in options. Got one week in it now, but probably run through the month. Any body got any advice on making money with lONG STRADDLES?
:D
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buy when volatility is low and price is low
 
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