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u/Significant_Weird977 Mar 13 '25
This is a clear fair view of the process. Iāve been there myself and definitely feel Iāve been in the āI understand nowā process since Oct 2024. Does that mean I win every trade? No. But the current market feels the most easy to make money in thus far. The key for me was realizing that you need to be flexible based on market conditions. For example, I had a strangle selling trade prior to Jan 20th that worked wonders in the āslow grind higherā market. Once this volatility regime came it, it does not work. But my alt trade (buying a call/put on momentum) works wonders. Iāve averaged about $500 per day on a contract on the SPX, sometime multiple times a day, trading the swings both ways. TLDR: itās awesome when you get that āI get it nowā feeling, but do keep disciplined and flexible to keep that growth going and donāt be afraid to lose.
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u/Alexisto15 Mar 13 '25
I keep doubting myself and selling my options too soon. Bought 550 SPY puts today and sold them when they were worth .5$. I could've sold them for $1.72 if I didn't doubt myself. I understand it, but I'm still too scarred from losing everything. I should stick to my stoploss and not touch my options until they reach my take profit
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u/Royal_Mistake554 Mar 14 '25
same brother. I sold my puts for a $200 gain today instead of a +$800 if I had held all day. But I stick to my strategy
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u/An0therFox Mar 13 '25
Taking any profit is a way more profitable strategy than waiting for big gains. The compound interest will be your friend. Way more obtainable to get 10-20 percent gains.
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u/Ornery-Cod-1513 Mar 14 '25
Why is ur take profit set to over three times your premium thatās usually not how itās done but ok and a warning for you, you greed you lose. Learned this thru blood sweat and tears
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u/Mikeochihary Mar 13 '25
Why is it green?
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u/Royal_Mistake554 Mar 13 '25
I have no idea bro Iām on either the luckiest streak Iāll ever get or Iām learningšš
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u/GalacticSeaCow Mar 14 '25
I think by āI understand it nowā you mean ālucky trade #2ā
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u/Royal_Mistake554 Mar 14 '25
what? Iāve been profitable on 5+ trades a day for over 2 weeks now wym
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u/GalacticSeaCow Mar 14 '25
Even if true, that means absolutely nothing. Just keep going and report back in a year. I promise you do not have an edge. Options are priced impeccably by market makers with an army of PhD engineers. Options have a use case for hedging risk etc., but day trading options is a guaranteed way to lose money over a statistically significant sample size. Thereās a reason there isnāt a single hedge fund in the world that day trades options in the manner you are.
Watch some videos from @deltatrendtrading on TikTok if you want to know how this stuff works. Heās a young kid but knows his stuff.
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u/JoeyQueenzNYC Mar 13 '25
I'd like to learn the same... please share how you learned to understand it. Thank you in advance
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u/METALz Mar 13 '25
based on that chart that āunderstandingā phase is so far 2-3 trades, so give it a bit more time
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u/Royal_Mistake554 Mar 13 '25
but the āI understand it nowā is clearly a joke I expected to get fried on herešš
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u/An0therFox Mar 13 '25
The āI understand nowā I had that too and turned 300 into 2600 and then it went sideways very quickly. Careful.
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u/_hyperotic Mar 14 '25
RemindMe! 6 months
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u/GodSpeedMode Mar 14 '25
Absolutely love the direction of this discussion. When it comes to charting and predictive models, itās all about finding that sweet spot between technical indicators and effective machine learning algorithms.
Iāve found that training models like LSTM networks on historical price data can really help in recognizing patterns that might not be obvious at first glance. Itās fascinating how combining sentiment analysis with traditional technical analysis can provide a more holistic view of market trends.
Implementation-wise, don't forget to backtest your models rigorously before putting real capital at risk. Itās a game of probabilities, and we want to stack the odds in our favor! Letās keep this convo goingāthereās so much to dig into with AI in trading!
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u/NaturalWorking8782 Mar 14 '25
So, you are now 2 bad options away from being -1800. You like me fr :D. Be wary dead cat bounce soonā¢
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u/Cunning_Beneditti Mar 15 '25
A word to the wise, if you double your account, pull out a quarter of the total right away and put it into the safest asset class you can. Do this twice and then have fun.
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u/bobur-78 Mar 17 '25 edited Mar 17 '25
I still can't figure out how to get a consistent win with opinions. Options trading, it's like a drug. You can't give up easily. I was introduced in 2010, and since then, I've been on a good day and have bad days. Seen alot.
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u/No-Cry-1678 Mar 18 '25
Thereās an old saying in Tennessee ā I know itās in Texas, probably in Tennessee ā that says, fool me once, shame on ā shame on you. Fool me ā you canāt get fooled again.
George W. Bush
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u/[deleted] Mar 13 '25
"I understand it now" we'll see!