I agree with you. Matter of fact, I dare say that this is 100% certified "The #1 Advice" to give to 99.99% of those on ET. Focusing on how to undeniably/irrefutably make money first - is priority #1. And then there is the 0.01% who know what they are doing. They figure things out by asking questions first - learning, investigating, dealing with the obstacles (including swallowing the condescension that comes from posting on ET). It's a long process. VERY LONG. But, in the end the reward is worth the hassle. Oh wait. Did I just say, "the reward is worth the hassle"? Forget that. I want to drain the whole fucking market into my account now. It's all mine. After what I went through to learn what I have learned. I will not settle for Weeklies. I want the most powerful instrument ever created. They say that credit default swaps are financial weapons of mass destruction - sounds perfect to me - where can I trade these? Do you feel me now? So let me just ask my question one last time, a bit differently: If for whatever reason (God, aliens, ESP, whatever) - If you had a cloudy vision of the future for one week (not just one day). What would you trade to capture the SP500's movement? And, the movement could be anything, pick a random week for this scenario. Maybe the one week has a good flow, which is rare, so you will probably want to swing it 2.5 days. But most likely, you will be wanting to capture 1.5 day moves instead, which is more common, since it is a "cloudy vision" intra-daytrading is usually not worth it. Are you still going to tell me, "No such thing as bang for the buck"? Finally, by me asking, "What would you trade", I'm not asking for a strategy. Meaning, you "know the future", therefore straddles and strangles, etc. would be unnecessary and ridiculous. I want to know what instrument. Thanks again to everyone.
Well I never expected that answer. Interesting. Okay, I'll check into it that too then. I mean, a chart's a chart, right? I just hope the volume is up there too. Thanks.
Wow, you actually guessed my current problem. My love of Weeklies is a love-hate relationship - not enough Bid/Ask volume.
I'd say trade only penny stocks and weekly options, good trading is about making a bundle with a small bet, you'll lose here and there , but at some point you'll get that big ten fold return.
Lol, and you know what you are doing? FX market is the biggest in the world. I doubt you will have a problem trading your 10k one lots there.
Which is what has been a great attraction to me lately. Do you find SPY options to be better than SPX's somehow? I guess I do not understand why do SPY options, or is it because your account is small? (you do not have to answer that if you do not want) Yes, I just learned that today. Same with the fact that trading forex is definitely the most "leveraged". The problem I see so far is that everything moves in such small percentages, which makes me wonder about its "bang for the buck" when compared to other things. If I am once again naive about forex, then I'm sure you will set me straight. I'll keep reading the web to learn more.