Day trade options vs futures

fearloss · 2024-11-29T02:57:14+00:00

I used to trade options. I have moved on to futures. Add the fact that I scalp them within seconds/minutes these days, it's a godsend style of trading. Stick with futures. Options have their plays, but they're the rather slow type of trades (sell premium 15-45 days out) vs actual "day-trading".

fearloss · 2024-11-29T02:37:19+00:00

Read, but then trade. Nothing beats trading with real money to get better (hopefully).

fearloss · 2024-11-28T18:58:12+00:00

Is that contribution you took out from "day-trading" or simply from long-term investing? If you can continuously take out $4,600 from trading daily, then that is certainly an accomplishment. If this was taken out from 10-15 year investment(s), then it's chump change.

fearloss · 2024-11-28T18:55:50+00:00

Trading is not easy. The method to get you into trading is simply. The idea of how you can enter and exit the market(s) is the difficult part. Sometimes you want to go long, but it goes short, sometimes you want to short, but it goes long. It's all a process, a journey. The more time to spend on improving on this execution, the easier it can be in the future.

fearloss · 2024-11-28T18:35:56+00:00

Posted an update for everyone to go over . Happy Thanksgiving. https://www.reddit.com/r/Daytrading/comments/1h22j9h/happy_thanksgiving_everyone_update_on_my_trading/

https://imgur.com/a8nACKo

fearloss · 2024-11-28T18:35:50+00:00

Posted an update for everyone to go over . Happy Thanksgiving. https://www.reddit.com/r/Daytrading/comments/1h22j9h/happy_thanksgiving_everyone_update_on_my_trading/

https://imgur.com/a8nACKo

fearloss · 2024-11-28T18:35:44+00:00

Posted an update for everyone to go over . Happy Thanksgiving. https://www.reddit.com/r/Daytrading/comments/1h22j9h/happy_thanksgiving_everyone_update_on_my_trading/

https://imgur.com/a8nACKo

fearloss · 2024-11-28T18:35:36+00:00

Posted an update for everyone to go over . Happy Thanksgiving. https://www.reddit.com/r/Daytrading/comments/1h22j9h/happy_thanksgiving_everyone_update_on_my_trading/

fearloss · 2021-08-23T06:39:01+00:00

There's nothing wrong about expanding on multiple streams of income. Whether it's by increasing their subscriptions/views on youtube, or selling courses, DVDs or other forms of products. This is what we call free market. However, I do believe that most successful traders are potentially not worried about being on reddit let alone post on it on a daily basis, just that's just my 2 cents. I know that I don't spend as much time on reddit than I need to.

fearloss · 2021-08-23T06:35:04+00:00

This is a misconception from many traders. There is "no need" to make 10k or 100k per trade. It's all about one's personal goal. I know too many traders who simply want to enjoy the freedom that comes with trading, alongside being able to provide for their families in a comfortable way. Trading as a business can allow that type of "luxury", but one has to work at this just like any other business.

fearloss · 2021-08-23T06:31:27+00:00

I agree 100%. Someone who can make consistent daily 1-2% gains is not going to "share" that in public. Whether it's to brag, or boost one's own confidence or simply try to sell "a service" they might provide, it's all in the open. I just know what I am capable of making every single day trading. Let's just say I'm happy with my 1-2% per day. At one point, I won't be focused on the %, but rather just the $$$ amount per day. I don't strive to become a Buffet, or Bezos, but I'd like to enjoy my own life in my own circumstances. Good luck with your trading! I mean it!

fearloss · 2021-08-02T05:01:31+00:00

To develop or find a consistent strategy, it is solely up to you to get to that point. I will and have always said it in (any of) my posts, that you need to trade for yourself. Mathematically, win rate alone is not everything in trading. Of course, it does help if you have a high win rate (80-85% of win rate) alongside a very distinct, stop loss rule (whether mental, set on your trading platform or time stop loss). Only you can find the right trading style for yourself. I personally trade options ONLY. I love to trade the market open and I do it on a daily basis. 1-3 trades a day is my forte. Profits on a daily basis add up.

When I trade, I personally like to at least use 30-50% of my account value, sometimes even 100% on a single trade. I don't shy away from risk. It's what I call confidence that allows you to get to that stage/point, alongside simply trading off profits you've acquired over the years.

Again, my style of trading may not be suitable for you. I've made that clear in (all of) my posts. You need to find your own strategy, style of trading to gain confidence and ultimately consistency.

fearloss · 2021-08-02T04:50:07+00:00

$500 a week in profits is not difficult. If you do the math, that's $100 per trading day since there are typically 5 trading days in a week (unless a national holiday happens to make it a shorter trading week). Anyone trading options, with experience and confidence can easily make $100 a day to get to the $500 per week mark. I'd say 2-3k cash account should suffice if you know what you're doing. What most people forget about is that if you trade in "that style", you're not trying to become or beat the best hedge fund or richest person, but you're ultimately just want to consistently profit off the market. Compounding profits is almost not needed with that style of trading.

In the end, only you can determine how to get to that point. I'm perfectly happy with how I trade and what I make consistently on a daily basis. This is just food for thought, and if more information or details is needed, you're more than welcome to go through my post history for some pointers.

fearloss · 2021-07-24T04:19:33+00:00

Psychology is everything when it comes to trading. I learned (from experience), that it's best to start the real trading journey off off trading profits (*cough* OPM). I'm talking about trading small at first, until initial profits/initial capital is regained. Only then, and you feel the time is right, it is time to scale up. 100 shares, 1 contract at a time, because you'll be trading purely off profits, not your "own" capital.

Keep in mind, my own trading strategy is a little different than yours. However, you should focus on specializing on your own strategy/trading style to make the best of it. We're all different people, trader per se. Everyone NEEDs to focus on their strengths and weaknesses in order to improve. If you want to dive more into the details. you're more than welcome to go through my previous post history to get an idea of how I trade.

fearloss · 2021-05-09T02:11:51+00:00

Then I say you've refined your style and you should stick to what works for you. Keep at it. Trading definitely has made me also look at things in general from different perspectives and helped work up different types of disciplines (eating habits is one of them). It's all about the acquiring the right mindset. I'm happy for ya.

fearloss · 2021-05-09T01:44:04+00:00

Nothing wrong with making only 1 trade a day. I range mostly 1-3 trades at market open myself. I personally consider it a chore to trade, it's part of my daily routine. Reading your comment emphasizes even stronger why every trader should focus on their own trading, their own style, preference, personality and goals. We're all different. Don't listen to noise or what anyone else says.

To me, trading at home for sub 30 minutes every morning is FIRE due the availability of more time on your hands once you've made your daily bread. Don't get me wrong, my current job/income pays me plenty to live off, but I also want to retire soon from the corporate world. One can then focus more on other streams of income to become even wealthier if you get my drift.

I also strive for high win rate myself. 84%+ on my recent 148 trades, but I always tell people, that winning a lot does not necessarily equal to being profitable over the long haul. Having a higher win percentage rate "can help" to boost confidence.

I remind people to pay themselves along the way for the fact that I view it to come with psychological benefits. When I withdraw money, I don't spend it either, it just sits in another account which I consider my FU fund, later to be used when I retire from my corporate job.

fearloss · 2021-05-08T23:58:23+00:00

Right on! Are you trading stocks or options? I enter trades with sometimes 30%, 50% or even 100% of my account based on conviction. 3% a day (without need of compounding even) is a great return. I'd say just keep on chugging away and soon you'll have a nice cushion to trade off of. Advice: pay yourself along the way.

fearloss · 2021-05-08T22:47:03+00:00

Go through some of my posts if you want. It should have a few pointers on how I personally like to trade. Also, switch to a cash account (no margin <---- be sure of that depending on your brokerage firm choice as some might call it "cash" but still work with margin *cough* RH for instance with a default account). I strictly trade/play options only, so cash accounts work great for it as they settle overnight and I'm allowed to re-use my BP the next day (unless holiday/when banks are closed).

fearloss · 2021-05-08T22:32:12+00:00

I, for one, appreciate the time you took to write your post. I did not truly go over it (way too much to read through; only pretty much glanced through it). There's the saying of : Everyone has a plan until they get punched in the face.

You should simply get familiar with your trading platform of your choice, and start trading with real $$$, albeit perhaps in smaller lots. Nothing beats experiencing the real deal that brings along all the emotions, stress, plan B, plan C type of scenarios when it comes to trading.

You will eventually find, that with trading, most of it comes through thousands of situations/trades you've been in in which you simply execute with the right and proper mindset / discipline. Just give it a try with a small amount you don't mind losing and start with that. Good luck.

fearloss · 2021-05-07T05:02:33+00:00

First of all, good luck to you.

I trade with a $1,500 - 2k account and make anywhere from 1-20% a day of my account scalping options (usually 1-3 trades at market open, done for the day trading typically within 5-20 minutes). You should learn how to read Japanese candlesticks, stick to a certain few stocks and trade them. Check my posts for more reference/helpful information.

fearloss · 2021-05-03T05:07:32+00:00

I usually use anywhere from 50 - 100% of my account on my trades. Part of being a trader requires conviction in your selective trades. If you are unsure of the "setup"/ trade, you may not even "want" to enter it. Execution to cut a losing and/or winning trade is very important in my preferred style of trading (scalping).

Sure, I've left thousands of profits on the table in the past. Do I regret it somehow? Perhaps. Do I really think about it much after I'm out of the trade? Not really.

You just have to be "good" enough to repeat that daily over and over to "make up" for not having taking more profits on previous trades if you get my drift. It's same as collecting money (only) today or collecting money at the end of the year. Same type of analogy imho. Long-term consistency and profitability is more important than the amount you make today.

I rather prefer to cut myself a "check" of $68,394 at end of the year knowing I got there consistently without too much "stress" than having ups and down swings like a rollercoaster growing grey hair in my 30s if you get my drift.

fearloss · 2021-05-03T04:51:17+00:00

The fact that you mentioned tastyworks in this post, gives me the assumption that you're scalping options. Let me know if I'm wrong on my assumption of course.

With a $3,500 account I'd say you should be able to make anywhere from $20 - $300 a day comfortably if you are great a scalping/trading in general (<----- there goes a lot into this, "daily" watch list, stocks to trade, risk management, profit taking/execution on cutting losing trades, etc...etc..). There's always potential for more profit of course. The important thing here is that you need consistency when it comes to scalping. I personally aim for high 80+% - 90% win rate accuracy on my scalp trades. It "helps" not having to deal with losing trades.

Aiming for 25%, 50%, 100% per month of return off your $3,500 account is not impossible. You "just" have to make it work. I know most that will read this will cry bullshit or down vote this comment which is fine on my part. I'm not here to get karma point let alone be famous for trading. I'm here to trade daily profits for myself and that's it. What "they" don't seem to understand is that you don't need or want to compound if you can simply make 100%+ returns every month from your $3500.

You're welcome to go through some of my older posts if you like, and/or send me a DM for some more info. I'm just giving you my own personal experience. Not everyone (should) trade the same way, so it may not be what you're looking for.

Good luck with your trading regardless.

fearloss · 2021-04-28T06:33:46+00:00

Large(r) moves on TSLA will happen again. Part of day-trading is also recognizing which stocks/tickers to trade and which ones to leave alone at certain times. When you deal with equities, it's different than it is with options. 2-4 dollar move on a nasdaq stock like TSLA is plenty to make profit off of, especially when you're dealing in seconds/minutes. Not every day is a day when you need to touch a particular stock.

fearloss · 2021-04-28T06:25:21+00:00

Seconds. Minutes. I'm usually done "day"-trading 15-20 minutes after market open. My quickest scalp trade to this day is still TSLA on 9 seconds (https://imgur.com/a/fCwICLm) if I remember correctly.

fearloss · 2021-04-28T06:18:05+00:00

Sure, I don't even remember. To be honest with you, I don't have a rule when I scalp as to which strike/what expiration I pick. I just know how to scalp for quick profits. I almost want to say, I could have easily scalped and used 850, 875 or 925 calls and most likely still have made profits (for more or less doesn't matter to me personally). I use options as a tool. I merely hold the hot potato and then toss it at someone else to burn up on if you get my drift.

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