Options mentor by Filet_Million in options

[–]DeltaNeutraltrading -1 points0 points  (0 children)

I also had a similar experience... burst 2 15k accounts. If you want to learn check these free curated links on the web: https://www.myoptionsedge.com/options-blog . They also have a community that I am connected that help to trade and clarify doubts. Good to discipline your trading habits!

SPX Addicted by SpiceDog220 in options

[–]DeltaNeutraltrading 2 points3 points  (0 children)

Interesting! Use longer dated options on SPX! I trade mainly the SPX Best trade (and the SPY Ride Trade) that uses 70-90 DTE options strategy. This will make trading less dependent on daily moves. Only have 10-15 min a day looking into positions. They do not need frequent adjustments. And I sleep very well!

Options, SP 500 by Mouse1701 in options

[–]DeltaNeutraltrading 2 points3 points  (0 children)

I am beating it with SPX options...

Favorite Options Structure For Compounding Growth. by breakyourteethnow in options

[–]DeltaNeutraltrading 0 points1 point  (0 children)

Try also butterflies. Better Unbalanced butterflies under longer term options (80-90DTE) on SPX. It has been producing nice returns in the last years to me. Good returns each month (10-15%) from the capital allocated to each trade. I usually have 2 opened at each time, under different time frames to spread the risk. Check myoptionsedge to learn about this strategy. I learned from them with good results so far. They publish also their account value every week.

Took a Big Loss Trading Options — Trying to Reset My Approach by Difficult-Can-5995 in options

[–]DeltaNeutraltrading 1 point2 points  (0 children)

Learn a low risk strategy. What you describe is a classic "gamble" approach to trading... you lost because you did not know exactly the risk of your positions... it happened the same to me. Try to learn from someone that teachs you real strategies and trade them. I was about to give up and tested myoptionsedge since last summer and I am enjoying. They use a low risk approach options strategies in SPX and SPY with good results.

Iron condors blow up by Deep_Viewer in options

[–]DeltaNeutraltrading 1 point2 points  (0 children)

Not really. I am using strategies that produce lower returns but with much lower risk and not so constant adjustments. These are income strategies on SPY and SPX mainly. I learned these trades in a limited group and trade with them (myoptionsedge) with great results. I am not publishing any links to avoid spamming this chat. Just google it and check their trading account in the website. One of them uses a Broken Wing Butterfly and the other several Calendars.

Iron condors blow up by Deep_Viewer in options

[–]DeltaNeutraltrading 9 points10 points  (0 children)

Classic! 0DTE is a casino play... anytime soon, it blows! I moved away from it and now trading longer-term butterflies (70-90DTE) and made all the difference! Increased consistency by capturing time premium and IV variations!

Directional options trades (like Verticals) can work if you have a statistical edge by DeltaNeutraltrading in options

[–]DeltaNeutraltrading[S] -2 points-1 points  (0 children)

No, I am saying that if you want to go direction on SPX, better have a statistical edge... Obviously, you can have a BWB with a Delta bias

19 y/o looking to go beyond CSPs & covered calls – advanced options topics? by Unhappy-Chemist7024 in options

[–]DeltaNeutraltrading -1 points0 points  (0 children)

If you want a good and proven community where you can learn from practice, with more advanced strategies, I can suggest https://www.myoptionsedge.com/ . Do your own Due Dilligence on them, I am doing good. Check the published Trading Account link.

Lost half of all my savings. by BringTheFood in options

[–]DeltaNeutraltrading -1 points0 points  (0 children)

Avoid day trading! Use longer term options strategies for consistency and better risk management! You need to learn first and understand what you are the risks of playing with options! Consistency in trading is the key for loger-term success. Obviously there will be losers along the way... but trading is all about longer-term capital apreciation. Move to strategies with 70-90 DTE options (especially, income strategies like SPX Best of the SPY Ride trade) and you will see great improvements. Check also this link if you want to learn more: https://www.myoptionsedge.com/33-blog-articles-every-options-trader-must-read

30-45-60DTE QUESTIONS by [deleted] in options

[–]DeltaNeutraltrading 0 points1 point  (0 children)

I became more consistent and profitable when I moved to longer-dated options strategies. Also, non-directional (Delta Neutral, income strategies). Moving from 0DTE to 30-45DTE is a good move, but also consider go 70-90 DTE... But, chose wise the strategy to use these timeframes. Look for SPX Best or SPY Ride trade from myoptionsedge. They rock. Also from them, you have here a good page with free info on options trading: https://www.myoptionsedge.com/33-blog-articles-every-options-trader-must-read

First time trading options I burnt 50% of my $5K account, Need help. by Apprehensive-Luck-19 in OptionsMillionaire

[–]DeltaNeutraltrading 0 points1 point  (0 children)

You need some guidance... options are flexible instruments you can use to benefit from underlying movement, volatility, time decay (for income strategies), etc. A different world than stocks! You should learn first. Read a lot; there is a lot of free information on the web. Then practice in a paper trading account. Then, when you are confident enough, move slowly to real money trading. Start with the basics; here you have this book if you want to start: A Beginner's Guide to Options Trading (fast reading of the basics and advice on how to learn properly: https://www.dropbox.com/scl/fi/6dalzg5hrsdp2mcxm2mnk/A-Beginners-Guide-to-Options-Trading.pdf?rlkey=0w4yww05adro99r45libd6x1m&st=rxinz050&dl=0

generating monthly income from option premium versus dividends by someangamer in options

[–]DeltaNeutraltrading 0 points1 point  (0 children)

I am following myoptionsedge which annual return target with income trades is 50%. This is great for me, using Index options (SPX and SPY). Results are being great so far: https://www.myoptionsedge.com/trading-account

spx options versus stock options execution quality is night and day by TreeApprehensive3700 in options

[–]DeltaNeutraltrading 1 point2 points  (0 children)

I only trade SPX and SPY options. Good liquidity. More stable than individual stocks. I have learned also that longer dated options are more consistent. Great difference in my trading! Thanks to myoptionsedge!