"This whole needing to have a million dollars to trade is complete nonsense." Starting with a few assumptions: 1) You won't make more than 10%...
Before even getting into all the nitty gritty details of whether it makes sense FOR YOU or not, the first thing you'll need is about a million...
Dude, you should have ignored me and stopped talking 5 pages ago. The more you guys speak, the worse it gets for you. I'm flattered that you...
"A Sharpe of 2 based on a 13% annualized return (assuming 25bps risk-free) implies a sigma of 6.38%. So somehow you've managed to chase...
The reason he doesn't post closing trades, management of losing trades, or a P/L is the same reason other people do the same thing all over the...
"I have cut my size in half but the only way I see out of this is by trading less frequently only on super high conviction trades." That might...
I don't have time or interest in running the backtest, but I would imagine during a strong bull market you'd see losses. Those LEAPS just won't...
"We have all learned from experience that arguing with someone like you is a waste of time." Of course, guys like you hate when someone bursts...
And to make matters even more frustrating, I'm debating with a guy that posted a study on put selling and didn't even bother to read the study....
Read above. XLU on the best day the entire year for this strategy was 3% annualized. Hind sight 20/20, best day of the frickin year, it's still...
For anybody else keeping score, here's how awesome his XLU example is. If you would have done this strategy on the highest IV day in the last...
"So I guess I'm not a retard for thinking ATM or near ATM strategies are the way to go?" Yeah, near or ATM works just fine. Long-term the...
"In the example I gave of XLU you would earn 4% annualized. XLU pays 3.4% in dividends. So if you are interested in XLU as a stable, rel safe...
"No one has advocated selling 15percent otm puts systematically." That's what's called moving the goal posts, and it's how losers debate. Look...
"I'm sure he meant to use a smaller size on all (!) trades, not just after a drawdown." Yes, obviously. The OP was trading too large on his...
"This is, of course, the major reason this forum has a lot less value than it should. Instead of recognizing that there are many different ways to...
"It was over a 30 or so trades losing 20 trades at 2 percent each and winning 10 at 1-2 percent each. Usually my win rate is much higher" If...
I would add though, while it's true that VXX vol is "cheap" now, timing vol spikes is a futile endeavour. For every time you're right, you'll...
You might want to look into opening a brokerage account so you can have access to their software which will have built in backtesting going back...
@ newwurldmn It doesn't matter one bit if you use 4%, 2%, or 7%, the end result is the same. The strategy is a complete dud ! If you're...
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