Veni Vidi Vici
- Thread starter ozzy
- Start date
Ozzy,
I have never traded IWM options before. Why do you trade them instead of --ER2 futures options? They must be more liquid??
1.00 = $100 or $1000?
I have to check these out ----I just checked the CBOE website and these are disgustingly liquid. I dont know jack about the pricing. But it sounds like a cheap way to get leverage.
They're pretty liquid. I snapped up 20 contracts around yesterday's low (around 3:30 pm I think) and sold around 10:00 AM today for a quick double. I find that they are a little more forgiving if you are wrong, you don't have to be bang on like you do in futures. That's the main reason I use them here and there (and the leverage of course).
My main goal is to set up a steady income on the ER2 and afterwards to integrate several other products QM, DAX,EUR, JPY, CAD, AUD, CHF, ZN, ZB then get a solid understanding of option strategies then possibly commodities. I have so much to learn and do. I'm hoping to start a hedge fund of some sort (mostly my own money I guess) in the next 3-4 years.
I really like this business and I truly believe I can be successfully. We'll see how it goes.
I wish I started in this business after university it would have also helped If I had a mentor. Had this been the case, I would be light years ahead of where I am now. I guess later is better than never.
Cheerio
ozzy
edit: I've never traded futures options, I guess that's why I don't use them. I'll look into them and see which one is better to trade.
My main goal is to set up a steady income on the ER2 and afterwards to integrate several other products QM, DAX,EUR, JPY, CAD, AUD, CHF, ZN, ZB then get a solid understanding of option strategies then possibly commodities. I have so much to learn and do. I'm hoping to start a hedge fund of some sort (mostly my own money I guess) in the next 3-4 years.
I really like this business and I truly believe I can be successfully. We'll see how it goes.
I wish I started in this business after university it would have also helped If I had a mentor. Had this been the case, I would be light years ahead of where I am now. I guess later is better than never.
Cheerio
ozzy
edit: I've never traded futures options, I guess that's why I don't use them. I'll look into them and see which one is better to trade.
The Art of War excerpt:
If you know the enemy and know yourself, you need not fear the result of a hundred battles.
If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.
If you know neither the enemy nor yourself, you will succumb in every battle.
Just going through it now (for entertainment purposes), came across this bit and thought I'd add it to the journal.
If you know the enemy and know yourself, you need not fear the result of a hundred battles.
If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.
If you know neither the enemy nor yourself, you will succumb in every battle.
Just going through it now (for entertainment purposes), came across this bit and thought I'd add it to the journal.
