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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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16522325 No.16522325 [Reply] [Original]

4th thread covering options trading, spreads, methodology, and concepts. Feel free to ask any question related to the subject matter.

Previous thread >>16485290

>> No.16522351

>>16522325
me on the right

>> No.16522373

>>16522325
How the fuck do I get started? i watched videos and they seemed straight forward enough, but when I go to buy options its a whole fuckfest of bullshit

>> No.16522457

>>16522373

You have to develop some type of methodology to trading or at least adopt a strategy and understand how it plays out. I'm assuming you're referring to your brokers platforms contract listings when you say "fuckfest of bullshit" You have to understand the layout which does take the time but there's really no other way. If that doesn't answer your question, please rephrase it.

>> No.16523187
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16523187

>>16522325
Small preservation bump

>> No.16523335

What’s your experience trading options? What’s your strategy, broadly speaking, if you have one?

>> No.16523462
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16523462

>>16523335
The previous threads go over what I do/ other questions asked for reference.

>>16454405 for the original thread.

1. My experience regarding options trading would be successful since I trade options for a living currently. This why I'm here to answer questions to help enlighten anyone who might be interested in the subject to the best of my ability.

2. I'm a probability trader, it's really the only real methodology I use to trade with (In terms of an income source). There are other things I do as well but it's really not my area of expertise to talk about or give advice. Over my previous threads I've gone over what I do and a few aspects to the methodology if you'd like to reference those, but if you'd like to know something specific feel free to ask, within reason.

>> No.16523595

bump

>> No.16523648

>>16522325
Bumpity bump
What kind of capital do you need to maintain ~50k a year profit using your strategy?

>> No.16523802
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16523802

>>16523648
That's hard to say since it's relative to how you actually actively manage your trades and the decisions you make. I'd have to say an account with at least $125-250,000USD$. Probability trading isn't a high return strategy so in turn you have to have a larger account size to put it simply. Your account size increasing (with the same methodology) has no real "risk" increase as well just to mention. You can definitely do what I do with a smaller account and make a larger return (your $50,000USD target with X account size), though it's relative to how you manage your trades and your decision making. It can be done though for sure. Don't let the account size discourage you at all. If you can have a consistent return on an account, paper trading or not, math is on your size. So your return is relative to what you want to risk, and of course, your methodology. What I can tell you will apply to any strategy is some instance as well, that's just how options trading is. I hope that answers your question somewhat.

>> No.16524212
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16524212

Fuck yeah, this thread is back!

>> No.16524418

>>16524212
Not sure If I should create an options general discussion, I feel like an informative thread really does more for the community.

I'll try my best to be consistent with these threads, a couple a week for sure.

>> No.16524488

BUMP for information

>> No.16525708

What options scanner do you use OP?

>> No.16525734

>>16525708
Built in scanner in the TOS (Think Or Swim) platform hosted by TD ameritrade.

>> No.16525844

>>16525734
Thanks options bro. Out of curiosity, what is your annual % profit? You don't have to say if you're uncomfortable putting that out there.

>> No.16526720

>>16524418
I think that'd be best at first.
most people won't be familiar with your previous threads, yes they'll probably ask the same basic questions - but like TV shows if you can lower the barrier to entry by making it not require you read the back threads, it'll provoke more discussion.