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Showing content with the highest reputation on 05/09/2024 in all areas

  1. 1 point
    zxcv64

    100k or higher Portfolio

    Yes, there are people here who trade with a 100K. I've traded the strategies up to $200K in 2020 when the VIX was very high, so all the prices were much higher and the strategies worked really well. However, under normal conditions, like now, it's a little more difficult to trade above $100K. It's very much possible, but you just have to be careful with the type of trades that you take on. If you're a newbie, or new to SO, don't expect to just jump in with $100K. Start with $10K, after a couple of months, increase to $20K, then 40K etc. It took me about a year to scale up to $100K, not cos of the lack of funds, but because of the lack of trading experience in the SO strats. It's like going to the gym - you won't start with massive weights right away, you'd start light then increase the weights every week, till you hit your limit. Some types of trades allow larger portfolio sizes than others. Eg, straddles and double diagonals are a great for larger portfolios, cos you can have a single DD costing say 14, which means $1,400 in dollar terms and it's possible to do 10 lots of this very easily. Now compare this to a calendar which costs say 0.70, which is $70/contract, and we'd have to buy 200 contracts to get the same dollar allocation. Not only will this be difficult in terms of getting fills, but the commissions will be sizeable. Now with Steady Yields available, it's possible for a person to combine the two (SY and SO) and trade with a very sizeable portfolio.
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