Leaderboard

Non-directional, volatility-based trades will not drive you crazy. In retrospect on my trading journey, I should have just done what I knew would bring profit from square one as opposed to chasing larger gains. Then just watch the markets until you fully grasp how they move and wait for opportunities. If you can't afford to lose, don't trade it. More conservative trading is better, and take profits when you can. There's so much noise out there with trading that if you find something that works, stick with it because often those are few and far between. I have some 59-day SPY spreads right now and am using SteadyOptions trades as a hedge. I will tell you that it is downright uncomfortable holding through this volatility and uncertainty. It will make you just not want to trade independently. I'm just barely profitable at this point, but much more competent than most, well educated, and exceptionally aware of macroeconomic conditions... most of my losses are attributable to not watching the market for long enough and following bad alerts. Just follow SteadyOptions from square one is the best advice I have for you, and then continue learning from there.

I would advocate this board as a winning strategy. I have traded various strategies for quite some time. Here is my humble thoughts to being profitable... Your win/loss ratio has to be obviously greater than 50%. I would arbitrarily say 2/3 winning minimum. The system you trade must be very transparent about the average and MAX loss. I have seen systems advertised (and tried) the have 85% win ratios. The 15% of the trades that loose can wipe out your gains. I haven't always won. I have become more conservative over the years. This board has an excellent amount of historical data, which is broken down very well into trade type. The posters are excellent in terms of posting trades. Just my 2 cents.

Hi June I see you joined yesterday. You have plenty of posts to learn. There is wealth of knowledge here. Three years is not enough to be profitable trader. It takes 10+ years to be a really profitable trader in most market conditions. Take your time and be prepared for long haul. I have been through 3-4 liquidation events in my career and still trading and going strong even in todays challenging times. You need passion . With passion and perseverance and guidance and hope and discipline and hard work and courage and tiny amount of luck , you can join the elite club of consistently profitable traders who depend on trading for their day to day living.