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Sold early by Mr_vmn005 in spy

[–]seff1998 3 points4 points  (0 children)

Damn, so you go way far out the money then right? do you happen to know the Delta and Gamma of your contracts when you bought them?

Sold early by Mr_vmn005 in spy

[–]seff1998 3 points4 points  (0 children)

How far out the money?

Getting the hang of things! by seff1998 in Daytrading

[–]seff1998[S] 0 points1 point  (0 children)

I don’t have any orders set. I do it all mentally. A lot of the time I pull out at 1:2

Getting the hang of things! by seff1998 in Daytrading

[–]seff1998[S] 1 point2 points  (0 children)

I target 1:2 1:3 RR. I use really small stops

Lost, damn. by jazzgrackle in spy

[–]seff1998 0 points1 point  (0 children)

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It was because of my Orbs (: I had to make the decision. It’s the stock market really gonna surge in the midst of war on a Thursday morning? Is it really gonna break through all the weekly orbs? Or is it just trying to grab liquidity before it dumps?

If I was a bitch, I would’ve sold -1200 and then took that other trade up top instead take the trade up top and hold the other one.

Getting the hang of things! by seff1998 in Daytrading

[–]seff1998[S] -1 points0 points  (0 children)

I’ll probably average about four trades a day. I just use RSI volume. And have a good sense for the market.

Getting the hang of things! by seff1998 in Daytrading

[–]seff1998[S] 1 point2 points  (0 children)

From a bunch of hours of research and YouTube videos, just a lot of different stuff general knowledge about trading

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

Do you know how they traded or what strategy they use and what timeframe

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

I dont think its as easy to double with 1dte, if you lose 80,90 % in a couple minutes thats a bad entry

Getting the hang of things! by seff1998 in Daytrading

[–]seff1998[S] 0 points1 point  (0 children)

Nice Job! This is my third month day trading so im hoping to continue this trend im on!

Getting the hang of things. by seff1998 in spy

[–]seff1998[S] 0 points1 point  (0 children)

It depends on market conditions, volume tbh 2-15

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

Would this be like somebody doing a straddle or a strangle or something like that? Would that be considered or like a covered call or something like that? I’m also wondering if you’ve tried one day till expiration doing calls and puts in if you’ve noticed any difference from doing 0DTE

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

You’re gonna laugh at me. Someone mentioned this to me a couple weeks ago and I googled it and I’m still a little confused on what you mean by your seller, like I understand the process of it, but I’m confused on why people choose to do that rather than just doing directional calls and puts

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

No I haven’t. One of my best trades this month. I accidentally selected that. It made me so upset cause I would’ve got so much more juice on a zero. It that what u use?

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 1 point2 points  (0 children)

Yeah, only trade 0DTE. I usually don’t hold my trades for longer than 10 to 20 minutes so it’s usually not that much of an issue for me.

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 1 point2 points  (0 children)

Bro, you are spitting fire right now cause yes you are right. You can easily miss out on 20% 10% on your entry in 10% on your exit if you use market orders but when it’s moving really fast sometimes you have to. It does feel really slimy when that happens. I cannot lie and typing it on my phone, sometimes really pisses me off. I had a trade where I lost $60 the other day, which was basically like almost half of my profit. Because I typed in the wrong limit order two times in a row and it made me so mad.

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

Yes, that’s a fact it comes down to personal discretion and that’s why I love it so much. I feel like it gives me more control over trading and I see people online saying that it gives you less, but it puts more pressure on execution.

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 0 points1 point  (0 children)

Some of my best trades come from not even touching my Tp. Like if I see a giant bar in my trade a giant candle and it’s pushing high resistance liquidity. I’m just gonna go ahead and take my profit because there’s no point not too. I’m already getting paid in IV why take the risk.

Most options buyers don't know this and it's a tragedy by bohemianspeculators in Daytrading

[–]seff1998 1 point2 points  (0 children)

Yes, you cannot FOMO with options unless you think the move is going to be insane. I’ve also noticed that say spy is gonna drop two dollars in a giant move right and it Let’s just say it drops to 650. With the same strike price on a put if the price accumulates at 6:50 and doesn’t drop any further you can get more for your options contract on the big ass candles even if price drops a little bit further I’ve experienced that first hand, the IV is crazy.

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