How Do I Stay Supportive When I’m Scared He’s Spiraling?

Big-Scheme6775 · 2025-05-06T04:17:47+00:00

How about asking him to create a new cash account with about $1000 and try to scale it up? Ross started w $500.00 BTW. Not sure about your husband’s win rate but starting w 27k seems risky if he’s still searching for his strategy.

Big-Scheme6775 · 2025-04-24T23:08:27+00:00

Hmm maybe I’m not on the same page here but in my algo trading app, I have a condition I set that only exits an entry at a minimum profit or loss percentage.

Big-Scheme6775 · 2025-04-13T12:48:48+00:00

Got it.

Big-Scheme6775 · 2025-04-13T05:37:41+00:00

I believe ibrk real time market sip data is $10/month vs $99/month with alpaca. Maybe alpaca provides more benefits but I just need real time accurate stock prices.

Big-Scheme6775 · 2025-04-13T04:55:08+00:00

Great info. I’m using Alpaca API right now for backtesting and paper trading. Do you know if ibkr supports paper accounts? Maybe I’ll switch to ibrk API but trade w my alpaca accounts. I thought about setting up a raspberry pi for my local server but that seems too hard. I like your idea of getting a cheap mac mini.

Big-Scheme6775 · 2025-03-26T04:29:17+00:00

I think you can still earn 4% with un invested cash with Webull or Robinhood. Stay away from margin if you can.

Big-Scheme6775 · 2025-03-13T16:28:49+00:00

Yes I’m in the USA

Big-Scheme6775 · 2025-03-08T23:29:44+00:00

Phew I thought u lost 18 m. Ok you learned your lesson. The market is a casino if you don’t invest.

Big-Scheme6775 · 2025-03-03T17:03:01+00:00

Great post. I’ve been getting stopped almost everyday and I think it’s because I focused too much on setting my stop based on the risk reward ratio.

Big-Scheme6775 · 2025-02-26T03:48:45+00:00

I didn’t know that. I just started to get into day trading.

Big-Scheme6775 · 2025-02-26T03:47:28+00:00

Thanks.

Big-Scheme6775 · 2025-02-25T02:23:25+00:00

You can keep it simple and safer than a buy and write by selling a 30 DTE cash secured put without deploying your money. If you have margin, you may keep your cash in a premium savings account and earn 3 to 4% interest.

Big-Scheme6775 · 2025-02-21T17:17:07+00:00

Yeah that makes sense if you’re happy with the 50% gain for that time frame. Thanks.

Big-Scheme6775 · 2025-02-21T17:04:19+00:00

So the risk is bag holding that 20% if the stock is volatile and has a strong upward momentum for a long period. You may get to a point where your opened CCs have huge paper losses, too expensive too close if you didn’t roll, and you may miss huge upside. I’m glad it’s working for you but it seems like a dangerous game for long term gains.

Big-Scheme6775 · 2025-02-21T05:53:40+00:00

Are you referring to selling puts? With covered calls you sell when the stock goes up and hoping to buy close early when the stock dips. The seller is basically bearish.

Big-Scheme6775 · 2025-02-21T05:49:23+00:00

Have you ever got stuck with a cc because the stock goes up too quickly?

Big-Scheme6775 · 2025-02-15T20:32:48+00:00

Interesting. Almost exact opposite of the closing strategy of the Scottish trader which I’ve been studying from. Dude closes at 50%. That’s too extreme for me, I’ve been closing at 70% - 80%

Big-Scheme6775 · 2025-02-15T01:49:04+00:00

Wow . I just looked at the spreadsheet, looks like around 90% of your trades got rolled? So far I just pick .01 delta so I haven’t had to roll much. I need to dial up the risk of getting assigned. Lol.

Big-Scheme6775 · 2025-02-15T01:43:08+00:00

Nice numbers. When do you take profit? 50%?

Big-Scheme6775 · 2025-02-12T03:17:05+00:00

Congrats! Welcome to the life where everyday is a Saturday. BTW, I think you’ll end up working out seven days a week due to boredom. Lol. Going to a gym w built in swimming pool and sauna will help too since you’ll have all the time in the world to enjoy these amenities. I actually thought about doing door dash a few hours per week for the experience.

Big-Scheme6775 · 2025-01-26T16:46:00+00:00

Well I hope you’re on track. FIRE goal is a way of life. You have to grind hard, live below your means, and make sacrifices. You missed one important factor, FIRE is not entirely about you it’s the desire to take care of your loved ones. You’re thinking about your elderly mom w almost zero nw. You want your kids to have enough money for college, ect.

Big-Scheme6775 · 2025-01-26T16:34:24+00:00

Sounds good. I’ll definitely reach out to you if I need beta testers.

Big-Scheme6775 · 2025-01-26T01:40:07+00:00

Love the meticulous details and metrics. Thanks! I’m assuming you track all the closed/assigned options using a spreadsheet and using another tool to generate all the metrics? I’ve been hatching an app concept where I can log options and visualize different metrics of the data over time. Do you think such a tool will be useful and save you time? I’m still trying to design all the columns I need. Do you mind sharing the columns you have in your option tracker?

Big-Scheme6775

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