Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Not very hard at all in this market. Less is more with options. I avg about 5 option trades a month.
These guys trading commodity options and of course Ron's losing strategy I would not recommend starting out. With commodities there are external factors that can really influence the price.
Try trading SPY options first to get feel of the market.
Volatility is good for the market and trading.
Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
Hmmm, Sorry don't believe it, 6xIM would have been crushed too by VIX spike over 50. Did you roll down? or have more funds for margin? Naked with only 6xIM would have been disastrous.
Go back and read his thread, I had to roll down two or three times with over 20xIM. 6xIM naked would have been crushed.
It is losing strategy examples Ron, Karen SuperTrader
Volatility is good for the market and trading.
Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
Most want to avoid any type of real answer, because in fact your question is not properly phrased. 'Money' is always the wrong way to ask any trading question.
In terms of rates of return, 30-70% a year for a conservative non-directional options strategy is quite the norm.
I had to give my opinion on this advice. YOU ARE ONLY COMPETING WITH YOURSELF! The above statement assumes that these "professional traders" are better than you and on the other side of all of your trades. That sounds like paranoia to me. They may be good traders ....... but who says your strategy isn't the same as theirs? If you approach your trades thinking you are always opposite of a better trader you are bound to lose. YOU ARE TRADING AGAINST THE MARKET! And the market is the collective opinion of everyone. Remember the crowd is wrong most of the time and try to think like a contrarian. And always remember you are just as human as the "crowd". I believe the only "competition" you have is yourself.
All that said, time and study are requirements for success in this game. And I'm thinking of starting motivational training ....... anyone interested?