SteadyOptions is an options trading forum where you can find solutions from top options traders. Join Us!

We’ve all been there… researching options strategies and unable to find the answers we’re looking for. SteadyOptions has your solution.

Leaderboard


Popular Content

Showing content with the highest reputation on 01/06/2019 in Posts

  1. 5 points
    New members might also consider this is not an alert-service, or a 'blindly follow the alert without my own due diligence'-service. When I just joined, I indeed treated it as such. But after some time it eventually dawned on me that I should learn from the alerts. And not blindly follow them. Although following the alerts can certainly be a profitable venture, even hours or days after an actual alert went out, the real value of this service is the knowledge that is shared on the boards. I am now able to set my own entries and exits, sometimes even before the alerts go out. I am still using the first post in each 'trade discussion'-topic as my main information source for placing my own trades (i.e. I am not searching for actionable trade candidates myself yet), and am doing just fine. For me, it is not an issue at all that I am only able to see trade alerts hours after they have been issued. Because, based on the discussion topic that preceded the alert I have already set my own entry criteria and will use those to enter the trade (have to confess that for the RICs I am still a bit at a loss, and am still learning). New members, trust me: a missed alert really is no big deal. BTW, lots of times I am not even able to get the fills Kim or Yowster get. No sweat. There will always be a next trade. Sometimes (not often) my fills are better, sometimes I miss altogether. But I never, ever chase. I used to do that, and got burned. Kim et al are learning us to fish, they are not feeding us.
  2. 1 point
    All new members, I strongly recommend reading what @sakurawrote. Those are wise words from someone who tried dozens trading services and finally found his home here. Members who follow his way are the most successful. Concentrate on your learning, not on how to react to trade alerts in the fastest possible way.
This leaderboard is set to New York/GMT-04:00