Vega and how to figure out where it is going

I appreciate it, briefly, can you Explain your style of trading? I do not care what the ticker is (as long as it has liquidity) and I have NO IDEA where a stock's price is going, no idea, so I look for some long stuff but made $650 today with intraday trades I just held all (most of my positions b/c I KNOW (highly likely) that BAC with go up and not be affected by Theta by this FRIDAY at the latest and I will make money on it or break even. Theta sucks but only when you are 7 trading days out and closing in or on TSLA OPTIONS lol.

BEST
 
My style of trading has changed from trying to make hundreds daytrading to trying to break into managed $$ , where I hope to make 2/20. I have friends who do that (> $100m AUM) and it is a far better life than trying to eke out ticks on a daily basis.. All you need is to make 7-12% with very low Standard deviation doing the same thing over and over. Boring but everyone is happy... Clients are happy to get 10% with 5 stand deviation, he is happy getting 2% of fees flipping shares 15x yearly! BTW, your comment above with Theta is not accurate.. THETA never stops... My only advise I can give to you given our different approaches to trading is learn your greeks well + position dissection. In our first threads you have a bunch of positions all over the place much like a market maker would so you need to know your synthetics,etc.
 
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