I have a pretty good record of placing highly profitable trades. The market is dominated by HFT and algos that both start and extinguish trends. I'm successful bc I have the same algos so I have a better idea of when trends are starting and when they're weakening.

I place mostly swing trades with naked calls in bull markets, that typically take a few days to a few weeks to play out. While the algorithms show pretty accurately when a stock is peaking and getting ready to correct...

in this kind of market the bulls can keep pushing the price higher than anyone expects, so its very difficult to time tops -- and much of the time the correction is smaller and slower than expected, which makes it difficult to profit with puts.

90% of my positions are naked calls on oversold equities that are either consolidating for a reversal or trending up. We sit and watch when bears come out, except for the occasional targeted put that we'll close the same day.

This strategy can take a few days or a week to develop since we're often entering trades before they make a big move. Therefore, I don't have stops, and most of the time I won't close a position as a loser until its lost 50% or more. Only trade what you can afford to lose.

Bc I'm usually buying calls that are 5-10 weeks from exp a few days of movement against us isn't the end of the world and I don't want to be stopped out of a position that still looks strong but might be down 10%. For black swans I continually hold a VIX hedge -- see below.

The market is frothy from years of artificially low interest rates and govt stimulus. I expect a a significant crash in the next couple of years -- possibly even later this year. Until then, we will profit from the Fed's shenanigan's.

I always have a $VIX hedge on since I'm mostly long calls. I'll describe how to do that in the near future in a way that essentially pays for its self as its rolled forward from month to month.

This is not investing advice. Just a log of what I'm doing personally. I'll post all trades and all losses. I'm an uneducated, ignorant fool. Feel free to message me anytime.

#OptionsTrading #stonks #wallstreetbets #trading #tradeideas $SPY $DJI $IWM $SPX #RobinHoodTraders

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