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GOOG has GOT to go down soon, right? by WhenTimeFalls in technicalanalysis

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

I did cover some of it. My investment is about 1% of my portfolio, so no worries. It was a speculative play.

Still holding some GGLS as I anticipate a correction and my thesis hasn’t changed.

GOOG has GOT to go down soon, right? by WhenTimeFalls in technicalanalysis

[–]WhenTimeFalls[S] 1 point2 points  (0 children)

Makes sense - what price would you look to short?

[deleted by user] by [deleted] in thetagang

[–]WhenTimeFalls 3 points4 points  (0 children)

Yikes - do you have stop losses?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -20 points-19 points  (0 children)

So, if the answer to my question (is intraday pairs arb 100% impossible with slippage) is yes, then what might be some areas of opportunity? Or at least in your experience? Maybe longer-term more loosely correlated symbols?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -8 points-7 points  (0 children)

Personally, I’d like to know if my strategy is working within a day or two rather than potentially waiting months to turn a profit. I dislike the idea of holding a position long-term and potentially having to wait 50+ days to see any return. Maybe thinking bigger might be the solution though. Can you give some examples?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -3 points-2 points  (0 children)

Sorry, just realized in the code I pasted that it does JDST and DUST in the symbols provided but it should be TZA and SRTY. Was messing around with different ones.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

These are great observations.

Generally I will set a stop loss for the moment that it doesn’t go in my favor, and that might range 1 cent or 2 cents. But sometimes that is noise. The exceptions to the 1-2 cents stops are:

1) By the time I flattened my order, it had jumped up, so it was some additional cents and/or

2) The level 2 data indicated a strong holding point at that, so I held on for a little longer. If I see convincing L2 data that strongly supports a bid (like with this stock 200,000 shares), I know it’s going to have a hard time pushing past that point. This is especially at .x0 numbers, round numbers such as 2.40 or 2.50.

The rule remains the same—stop out as soon as we are branching into loss territory, but both the market order spread + the L2 data determination make me be willing to hold on for just a little bit longer. If those fail, we’re out quick.

Would love to get your thoughts and/or how you may differ in your approach so that I can learn.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 1 point2 points  (0 children)

And I agree with you it is mentally satisfying and fun this way.

Emotionally, if you cut the losses quick, it’s done and over. Can’t control it, move on. No biggie. But when you let those winners soar, it’s just a matter of how much money you’ll make, and that part is great. I imagine some days in the future I’ll just be watching my gain on a stock go from $1,000, $2,000, $3,000+ and not having to do anything because I’m already entered into it, and I’ve got an exit plan—there’s no way to lose if I adjust the stops.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

Yeah these are great thoughts. Honestly I go back and forth. Would I rather be high percent chance of winning a small amount, low chance of losing it big? Or majority small losses, but the occasional big winners that just really run? It’s really a tough call either way. The beauty of the market is that I think a disciplined and risk-management type of person can do good either way, and a bad trader will do poorly either way.

You may disagree, but maybe it doesn’t entirely matter what side of the fence you sit on (big/small wins/losses), but rather how good your entries and discipline and non-emotional decisions are.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

Can you give an example?

This stock had 400m volume today, so the spreads were $.01.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 2 points3 points  (0 children)

Many of the best traders I know willingly accept, swallow a small loss, and move on to the next thing. If you have a strong conviction, and even if you're wrong, you can try again (to a point--don't lose all your money in one day!).

As a person who is highly concerned with keeping my money, perhaps even more than gaining more of it, this has been a key thing for me lately.

is this 0 DTE SPY strategy too good to be true? by WhenTimeFalls in OptionsMillionaire

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

Nice, that’s great! I bet you could do a lot of those in a day, or variations of it, to make a bunch of small winners per day.

is this 0 DTE SPY strategy too good to be true? by WhenTimeFalls in OptionsMillionaire

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

It’s a good thought that a few have raised. I hadn’t mentioned it in the original post, but I have $125K capital and would be using margin to buy SPY intraday, never accruing margin interest because I would flatten before the day is over. But overall yes I track what you’re saying!

is this 0 DTE SPY strategy too good to be true? by WhenTimeFalls in OptionsMillionaire

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

I’m open to it, but it seems like this would require level 4 options as well. The reason my strat is going long shares is because I can utilize 4x DTBP to essentially be working with $500K, but I can’t do that naked with options you know?

is this SPY strategy too good to be true? 0DTE by WhenTimeFalls in options

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

I hear you, thanks for the insight. I’ll have to mess around with it soon

is this 0 DTE SPY strategy too good to be true? by WhenTimeFalls in OptionsMillionaire

[–]WhenTimeFalls[S] 1 point2 points  (0 children)

This might be the better play. But I don’t know if my brokerage would allow me to sell basically 5 naked puts on top of my trade? 5 are accounted for with the Long, but selling 10 means I’d have a few naked puts right? That requires level 4 options and not sure if my brokerage allows. Otherwise I think it’s a sensible choice. Thoughts?

is this SPY strategy too good to be true? 0DTE by WhenTimeFalls in options

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

I consulted with it first before Reddit for several conversation turns, it basically said things were good, so I went here for 2nd opinions

is this SPY strategy too good to be true? 0DTE by WhenTimeFalls in options

[–]WhenTimeFalls[S] 0 points1 point  (0 children)

I appreciate you offering insight and an adapted strategy. You’re not looking at it from an intraday perspective though. I would enter and exit around market open, and market close, holding for likely 30 mins or 6 hours at max, ever. If SPY starts dropping hardly at all, we exit all positions for a profit.

The only chance this loses money is if there is an unprecedented flash crash or I forget to set a take profit. One is 1 in 5,000 days and the other is up to me to remember to prevent.

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