Thank you for asking. I started trading options in early 2013 after watching tastytrade and for about 6 months, mechanically selling covered...
It was luck, no skills involved. Total loss on TEVA calls. So, win some lose some. Wish I had your risk management skills and applied to TEVA....
If you don't buy low sell high, you could end up with buy low sell low, like my TEVA.
You know what you are doing. :thumbsup:
$14 round trip whether 1 share, 10 shares, 100 shares, 1,000 shares or 10,000 shares.... I have not traded more than 20,000 shares, so don't what...
I stand corrected. You are right, with a win probability of .9 and a win/loss of 1:1 it should be .8. My bad! Such a high Kelly is like printing...
Am I the only clueless poster?:(
I did. Bought OTM calls. :banghead: Fortunately, IBM, GILD worked out better.:D
Wrong bait means no fish.:(
I bought IBM calls instead, prior to earning in mid August.
K.I.S.S but the devil is in the details.:finger:
:thumbsup:, If you started trading after 2009, yes it was very easy to make consistent profit if you generally took a long position in your trade.
Binomial model.
Thank you sir.
I have similar experience. Got better outcome after I received advice here suggesting I trade longer time frame. However, I still like to learn...
Isn't this similar to trailing stops?
I actually did, trying to figure a way to fold an antenna dish and a new way to fold an umbrella, fascinating and fun.:D
Yes professor. But how do I calculate marginal revenue, production and utility for my trade so I can decide to fish or cut bait? Thank you in...
Buffett does not day trade stocks or options or does he?
Focus on win expectancy instead of win rate. Every transaction or trade should be counted if you look at expectancy: [(total profit)/(# of wins)...
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