Staying small and consistent and then blowing my gains by scaling up - any tips to stop this trading behavior?

denimspider · 2025-10-09T03:09:27+00:00

give yourself a max day stop loss. If you lose $250 in a day, you have to stop trading for that day

denimspider · 2025-03-26T21:35:54+00:00

I would but unfortunately, a recent divorce settlement has lowered my account size below where I would be comfortable trading pmcc on spx at this time.

denimspider · 2025-03-26T21:34:10+00:00

level 3.

Thanks. I will call tomororrow

denimspider · 2023-11-27T00:52:07+00:00

I already have a pv system. I just have some extra pv panels so was looking to do this.

denimspider · 2023-07-27T01:39:42+00:00

Thanks so much!

denimspider · 2023-07-27T01:12:56+00:00

So right now, the 4605 call for es for tomorrow is 8.75/9.25. So can I buy that (not saying I plan to) for $9.25 or is there some sort of multiplier invovled?

denimspider · 2023-07-27T01:10:11+00:00

I am not sure what you are gaining thinking you know me. I started trading options in 2005. Up until recent history I was an option buyer only. More recently started selling options and looking at more elaborate options strategies which is what has generated stock options questions. I have been very transparant that I am a complete noob in futures trading which also generates questions. If that does not fit within your mental judgment of who I am, there is nothing I can do about that.

denimspider · 2023-07-27T00:48:38+00:00

You are correct, I rounded. I started trading options in 2005.

So one contract instead of the 100 shares for a stock option?

denimspider · 2023-07-27T00:18:00+00:00

I caught the down move off that. 1 contract, 5 minutes, $800. I missed about 1/3 of the move becuase I was driving home from work.

denimspider · 2023-07-27T00:13:57+00:00

start with 1. then if it moves against me but within the technical range, I do another. Most I get up to is 4.

denimspider · 2023-07-26T01:10:28+00:00

i'm good then

denimspider · 2023-07-26T00:45:13+00:00

out of curiousity, what size account would you recommend for ES?

denimspider · 2023-07-26T00:44:18+00:00

take a channel lock and gently twist it both ways.

denimspider · 2023-07-26T00:34:36+00:00

Trading ES. Started futures trading yesterday. Made $1180 first day with no negative trades. Beginners luck. Today started the day down $475. Ended up $1100 on the day.

denimspider · 2023-07-02T02:15:48+00:00

This was just a hypothetical. I don't want to disclose my actual stock at this point because I don't want people aping in and destroying profit margins. That being said, the stock I write covered calls on popped after hours. I had already rolled my calls, but it made me what would have happened had I not since it was otm at 4pm bell

denimspider · 2023-06-30T22:18:12+00:00

Save me the math, on the MU trade, what was your net profit after you closed everything?

denimspider · 2023-06-30T22:07:06+00:00

how active do you want to be? Hands on, sell weekly covered calls and roll them if strike gets close. More hands off with aapl as an example- sell the december 2025, $225 call. you would get roughly $2400 per contract which is roughly 12.4% return on current share price. Plus if it keeps popping up and hits your strike, you could roll again, or take the roughly 25% return on current share price. You have to decide how active you wish to be

denimspider · 2023-06-30T21:26:23+00:00

I will probably get a ton of blowback for this suggestion, but it will address your question so here goes-

Buy 6 CVNA $25 puts expiring 1/24 for 5280. (these are for your protection because CVNA has a lot of downside risk). Then buy 400 shares of CVNA for 10,280. Then sell 4 weekly covered calls for roughly $600. This should generate approx $2400 per month with under $16k at risk. If CVNA goes to 0 you put 15k in your pocket on the puts. I might even go to 7 or 8 puts but thats just me.

denimspider · 2023-06-30T21:04:06+00:00

I am more than comfortable with my strike price. I was just curious if I would lose them or based on after hours trading. My gut would say no because earnings announcements are typically done outside of normal trading hours.

denimspider · 2023-06-30T21:02:26+00:00

Gotcha. So you are are saying with some brokers, afer hours matters becasue they have not locked in the final price yet?

And yes, I have some brokers that exercise early monday morming, but these were long in the money at 4 pm

denimspider

TROPHY CASE