I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Trade active
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Buy JUL Call Spread C35/50 Limit 2.2 No stop in Option, try to win 1:1, Max RRR 6:1;
Trade active
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Buy 2022 Jan Call Spread C17.5/27.5 Limit 1.9 No stop in Option, try to win 1:1, Max RRR 4:1;
Trade closed manually
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JUL Call Spread C35/50 was expired. Closed 2022 Jan Call Spread C17.5/27.5, limit 4.65 4.65 -1.9-2.2= 0.55, small winner
@alirezakarimaghaloo, Thanks. Yes. The key point of OTM is: if price went up 100%, big winner; if price down 100%, small loser.
alirezakarimaghaloo
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@PlanTradePlanMM, you clearly sent signals to ppl without saying these are just your thoughts and you are not a financial advisor! look at the ppl who follow you. some of them might take positions based on these advices bro! dont be that noob please! I always get surprise when ppl fool others and dont take responsibilities. March 24th had HUUUGE sell volume. then you as a trader did not get the point?!!! seriosly?! 2days after you thought it is buy time!
PlanTradePlanMM
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@alirezakarimaghaloo, Thanks, I am not a PRO trader. See my message "I trade option to test my trading plan with small cost." in every trading plan I posted. At my current level, main training is Risk management, not to make quick money. You could see the small amount in each of my trade.
Over all, my current win% is less than 70%, so I keep saying "I am not a PRO trader.". Do you have any suggestion to post what message could alert the risk to others?
alirezakarimaghaloo
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@PlanTradePlanMM, Just saw your quoted message above the post. sorry my bad, did not see it. quick money never works in the long run. risk management is the best. are you familiar with Kelly criterion? 1% portfolio is probably way less than that and safe. but just be careful to never go above half kelly on your position size. 70% win ratio is great if you really have bigger or even equal to 1 reward/risk ratio. since your risk on options specially the way you trade it is maximum which is loose all. then win should be at least double so you have bigger than 1:1 reward to risk. so if you buy an option for 2$ then risk is 0$ and tke profit is at least 4$ if you really have that let me know!
PlanTradePlanMM
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@alirezakarimaghaloo, Thanks. Actually, your are the 2nd person remind me this issue. I posted this message because the first person pointed this risk year ago. I learned from a trading school. many of my teachers are market makers. I learned trading knowledge many years, but I still cannot use them freely.