All Activity
This stream auto-updates
- Yesterday
-
JamesAC joined the community
-
Tradeshaji joined the community
- Last week
-
MTAgent joined the community
-
StefanC joined the community
-
My 2 cents worth. I've just been a tradesman all my life, not a professional. But I didn't really become the "go to guy" until I had almost 20 years working on the different kind of machines and control systems that went with them that I worked on, ultimately I ended up with 40 years in that field. I can't count the number of military and corporate "schools and/or classes" I've been to in that time. In periods between contracts I would trade, off and on, for about 20 years. I didn't make very much if any money, but I found it fascinating so I kept playing with it. But I didn't start consistently making profits trading until I finally sold my business and found myself with nothing to do, so I put full effort and full time into learning to trade and that was after 20 years of putzing around with it. Some mentoring classes and over 4 years now on SO and I still make expensive mistakes. It is easy to say "I'm smarter than the average guy so I should be able to do it a lot faster than that", but does that mean you could learn it in 5 years or 3 years or what. Don't quit your day job until you either A: already have your retirement and won't be risking that or B: you have been doing this long enough to be making a consistent profit. I think the stress of HAVING to make a profit from trading is the big filter for traders, when you aren't making any money or worse yet, losing money and you can't pay the rent, the psychology is going to make it that much harder to be successful at trading.
-
heard Zig Ziglar speak about 45 years ago to a group of salesmen. remember very well his advice; "when you ask the closing question, SHUT UP!" didnt read the article, but stats on traders pretty much the same for last 40+ years, yet some do succeed. couldnt agree more, trading is the most difficult "job" a person can have. and day trading or scalping can be the most difficult, mainly because of lack of knowledge. unreasonable to expect to become meaningfully profitable without years of trial and error, or being trained.
-
I came across an excellent article explain Why Most Traders Lose Money. Key facts: 95% of all traders fail. 80% of all day traders quit within the first two years. 60% of all day traders quit within the first month. Trading is a profession and requires skills that need to be developed over the years. Yes, there is a steep learning curve in trading, like in any area in life. It takes 4-7 years to become an engineer, a lawyer or a doctor. Why people expect it to be different with trading? Can you become a doctor by following a skillful group of doctors? 'If you are not willing to learn, no one can help you. If you are determined to learn, no one can stop you.' - Zig Ziglar
-
ranieri93 joined the community
-
ntrader joined the community
-
Yogesh joined the community
-
Starter joined the community
-
- Earlier
-
@Djtux I love your tools and use them every day. I notice that some of the tools are under a "Beta" heading. Does this mean there are further plans for them? If so, can you tell us what they are? Does "Beta" mean we should be wary of the results we receive for those tools? Thank you so much.
-
No, I don't think IB ever negotiates commissions. Maybe with institutional customers.
-
@kim Trying to do something about commission fees, it seems like the standard solution is to join Tradier and pay a flat fee. Did SO negotiate a flat fee structure with IB? (Not sure if I remember that correctly, or it's just wishful thinking because I use IB and it's easier if I don't have to switch.) Thanks.
-
@JoeA it uses end of day prices
- 1,044 replies
-
- 1
-
-
- volatilityhq.com
- rv chart
- (and 1 more)
-
@Djtux @Yowster On the Return Matrix, when the vertical axis says "Entry Day", is the price used the price at the beginning of that day, or at the end of that day? I am doing some work on T-1 to T-0 Straddles, and the entry price on T-1 makes a big difference as to whether it is Start-of-Day or End-of-Day. Thank you.
-
I believe anyone who intends to subscribe for less than 3 months is wasting their time and money. But what do I know.. I have been trading options for only 20 years..
-
I believe this one we will have to figure out ourselves.
-
I'm doing some upgrades of the backend, so the website might be offline sporadically today.
-
There are good ways and bad ways to diversify your portfolio. Yes, you shouldn’t put all your funds into one stock. But the types of other stocks you choose and the amount of stocks in your portfolio matters too. Below are just a few important dos and don’ts to help you diversify efficiently. The Dos of Diversification DO spread your investments across different sectors You’ll find companies from many different industry sectors in the S&P 500. A big mistake that some amateur traders make when diversifying is choosing lots of stocks from one single sector. A common example of this is investing purely in tech stocks (such as Microsoft, Apple, Nvidia, Palantir and Alphabet). The tech sector might be booming right now, but what if there’s one day a calamity that affects the entire tech sector? Investing into a few stocks from other sectors such as healthcare, consumer goods and energy could protect you from a sector-specific downturn. Your tech stocks might lose value, but your healthcare stocks could stay strong. DO invest in international markets Beyond the NYSE and Nasdaq are a range of international stock exchanges that can also be worth exploring. These include Euronext, The Shanghai Stock Exchange, The Tokyo Stock Exchange, The London Stock Exchange and The Saudi Exchange. While it’s comforting to stick to familiar waters, investing in stocks from other countries could offer an extra layer of security. If there’s a domestic downturn, your European stocks or Chinese stocks might just come to the rescue. Just remember that foreign exchanges are open at different times of the day, so you might have to get up earlier or stay up later if you want to buy stocks, sell stocks or monitor what’s going on. Investing in international stocks also does mean keeping up with international politics. For example, knowing what’s happening in China will give you a better idea as to where Chinese stocks are going. DO rebalance regularly You should ideally aim to keep a similar amount of funds in each stock you invest in. It’s unwise to dedicate more than 20% of your funds to a single stock - if that stock crashes, that’s one fifth of your funds gone. Modern trading platforms often allow you to visualise your portfolio as a pie made up of different slices for each of your investments. You should try to keep all of these slices a similar size. If one slice is much bigger than the others, consider rebalancing your funds. Don’t let one company guzzle all the pie! If one slice of pie is leaner than the others, you can similarly invest more funds into it if it’s making a return, or sell it and invest the funds elsewhere if it’s making a loss. DO remember your investment goals The types of stocks you invest should be dependent on your goal. Looking to build your funds quickly? Aim to invest predominantly in high growth stocks - although higher risk, they will grow the fastest. Want to build some savings for retirement? Put some money into more stable stocks from older companies that have consistently proven to make slow but steady returns in the past. That all said, it’s still worth sprinkling in a couple high-growth stocks into a long-term portfolio to add some excitement, just as it’s still worth adding a few dependable slow-growth stocks into a short-term portfolio to add some stability. The Don’ts of Diversification DON’T invest in things you don’t understand While it’s important to invest in a range of sectors, you should be careful of picking stocks from industries that you know little to nothing about. Investing in random stocks just because they’re on the rise is essentially gambling. While you don’t need to be an expert in every company you invest in, you should ideally take some time to see what products and services they provide to get a better idea of how their price is affected. Some of the strongest portfolios are often made up of stocks that traders know and love - this can give you a much more intuitive idea of when and when not to invest. DON’T over-diversify Diversification is all about balance. While you don’t want to just invest everything into one or two stocks, spreading your funds over 100 stocks isn’t sensible either. Known as over-diversifying or di-worse-ification, investing in too many different stocks often results in paltry returns. It makes it much harder to keep track of all the different companies you’ve invested in. As a result, you’re less likely to immediately notice which stocks are rising in value and which are falling unless you’re spending an hour per day trawling through them. Try to build a portfolio that is diverse but small enough to manage. Many experts recommend 20 to 30 stocks. Ideally, you should be able to name them all when asked to recall them. DON’T overlook quality You could make an argument that even 20 stocks is too much. In fact, one of the most famous investors of all time, Warren Buffet, has long used concentration risk as a strategy: all of Berkshire Hathaway’s returns come from just 12 companies. The reason Berkshire Hathaway has such strong returns year on year is because Buffet has always focused on quality over quantity. Each of the companies he invests in is strong and well established with a proven track record of making steady returns. He doesn’t take a punt on new companies and avoids companies that have a history of volatility (even if they’re currently soaring in value). Choosing high quality stocks typically involves doing research into companies and not just choosing trendy stocks. Look at how well the company has performed over the years and heed the advice of seasoned investors. DON’T make it too mathematical It’s possible to take diversification too seriously and spend too much time and effort getting the percentages just right. Yes, you should try to invest a similar amount into each company. But you don’t have to precisely divide your funds into each. Yes, you should invest in different sectors. But you don’t have to maintain an even amount of stocks in each sector. Yes, you should invest in international stocks. But you don’t have to invest an exact equal amount into each stock exchange. Unless you enjoy approaching stock trading with mathematical precision, too many calculations will likely just turn trading into a chore. Aim to divide things up a little more roughly and trust your gut as to where to put your money. This will make building a portfolio more enjoyable. You also won’t have to check in as regularly - unless trading is your job, there’s no need to be logging in every day and tweaking things. Conclusion By following these dos and don’t, you can create a diverse portfolio that is profitable and protected against various different risks. The key is to maintain balance in terms of how you divide your funds and the types of stocks you invest in. At the same time, don’t let it become overly calculated to the point that it feels like you’re following a formula as opposed to following your gut. This is a contributed post.
-
Check your PM please.
-
@Kim Hi Kim, Sorry to bother you on this board, but I had a screwup on trying to switch a 3 month subscription to Anchor Trades to SteadyOptions. I cancelled the Anchor trades subscription however the system kept trying to bill me on other card details you hold.There was a crossover on the timing so I was billed for a new 3 month subscription for Anchor trades. What I really want is a 3 month subscription for SteadyOptions. Can you help in anyway?
-
Yup, I can see all the SQ prior cycles. The only thing I don't see is the current cycle prior to the ticker change, but that's not a big deal.
-
Can you take a look at the straddle or calendar rv page for XYZ? Does it look better now?
- 1,044 replies
-
- 1
-
-
- volatilityhq.com
- rv chart
- (and 1 more)
-
I’ve added a db change to take the symbol name change, i’m forcing the recalculation of rv for that symbol, but it may take some time as it’s in a queue. Also it seems the earning dates providers don’t all have the historical dates for XYZ yet.
- 1,044 replies
-
- 1
-
-
- volatilityhq.com
- rv chart
- (and 1 more)
-
SQ ticker changed to XYZ. Can VolHQ be setup in a way where XYZ charts will include SQ prior cycles?
- 1,044 replies
-
- 1
-
-
- volatilityhq.com
- rv chart
- (and 1 more)
-
sounds like all would be useful, so fill me in on where you are, thanks
-
"Another factor many do not consider is the impact of using leverage. The amount of leverage does matter and impacts risk of the portfolio. Leveraged Anchor performs the worst in markets that are flat for long periods of time or that decline slowly in small amounts. If the market slowly bleeds (1%-3%) over a three-week period, the strategy takes small losses on the short puts, without actually gaining on the long puts." can you give some examples of the slow sideways bleed and the performance during that period?
-
Chartaffair.com - RV Charts & Backtesting for Steady Options
seotrader replied to Christof+'s topic in Promotions and Tools
@Christof+ Hey Christof, any reason why META is missing some of the 2024 earnings? Thanks -
On the left the symbols are ordered by earning dates, on the right it is ordered by when it was confirmed (or at least when my system detects a confirmation).
- 1,044 replies
-
- 1
-
-
- volatilityhq.com
- rv chart
- (and 1 more)
-
On the Earnings Feed, what is the difference between the two columns? Some stocks, like META, appear in both columns. Thank you.
-
Which one are you interested in? Some of them are already supported in some way.
-
has any progress been made on these enhancements?
