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tomkid

tomkid
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  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    Very helpful thanks. I totally get and agree with 90 delta options to mitigate risks of IV & theta. Cheers!
    Jul 6 01:05 AM | Likes Like |Link to Comment
  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    I agree with proper position sizing, but in the AAPL example where would have drawn support ? Around $588.50?
    Jul 5 05:04 PM | Likes Like |Link to Comment
  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    I have been trading this strategy, or at least attempting to trade it. I have had moderate success with profitable trades while having my a#@ handed to me on a trade or 2 wiping out previous profits, so I am flat. I think Passion4DeepITM brings up some legitimate questions and am instituting Max risk per trade (1R) = 2% of total capital, Max capital per trade = 10% of total capital, and Max daily loss limit per an earlier post thanks.

    I am sorry to see what could be an opportunity to learn and grow turned into useless banter. I am interested in hearing more about how people are managing their risk.
    Jul 3 05:37 PM | Likes Like |Link to Comment
  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    Thanks for you comment. I recently read Kevin's book/article and you are correct, weeklies have to much negative theta, so if trade is working against you, lack of time is your enemy.

    I am still not confident with spotting trades, and frankly have pulled the trigger too soon on a 3 trades. 1 worked out luckily (PCLN), but had to hold overnight, one (AMZN) I bailed at BE, and LNKD one took a bath. Wonder if anyone confirm any trade signals from today with all 5 indicators firing? Were they call or put trades , which ticker and time of trade, thanks.
    May 9 04:35 PM | Likes Like |Link to Comment
  • Trading Apple Using My Daily Options Strategy: Spotting The Lows [View instapost]
    Played with your strategy today in AAPL, but took quicker profits at .30 instead of .60. Are you using near month options? Have you ever tried the strategy with weekly options?
    May 7 06:16 PM | Likes Like |Link to Comment
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