Managing losses is the first rule of any investing. This live result over 5 years was based on 0.83% max/rel drawdown since 2015.
In my books risking more than 5% is deemed high risk. Market gaps are normal part of the game, so for any trader that claims market spikes are abnormal, better to stick to blackjack.
Trading without a risk management is gambling. Gambling relies on hope.
Selling OTM spreads depends on a 75% success rate and surviving a few big losses. The RR is very low if you are aiming to collect 25% of the spread. I traded 12 months solely on BullPut and this has taught me well. It's a losing strategy based on the misconception of high win rate and...