Enthusiast
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I’m getting killed with SPY puts
Anyone looking at leaps for airlines or hotels?
Coach
Mentor
Anybody wheel TSLA? What’s your experience?
What are some plays today!
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A lot of us do it here, most of the folks who post in the daily thread.
I short premium so I spend I would say 2h a day max?
8:30am for me -> check opening direction, read some headlines
Lunch time -> make a few plays if avail.
2:45pm -> adjust positions as necessary
During earning season I will spend 3:15-3:45 reading reports and watching reactions.
Sunday evenings I do majority of planning for the week, and every night before bed I always check my portfolios and review my moves for the day/week.
Subject Expert
To be clear, ‘day trading’ is a specific strategy and several trading approaches can have high trading volume.
I probably spend 2-3 hours a day on trading with an hour in the early morning, and hour through the day managing positions, and an hour at night. The weekend can be another couple hours to a full day.
Ive been trying to learn and develop tools so the work laid is fairly heavy. I’m getting to a point where the process is getting easier to execute and it’s taking less time.
Is it worth it? TBD. My retirement accounts where my process has been the most disciplined have beaten the SPX over the last year and YTD with less risk and significant diversification. I’ve also had 10-30% cash through most that period.
The brokerage account has been a mess but enforcing myself to be more disciplined with it is helping.
Subject Expert
Is it worth it is a TBD. In years prior to 2020, I have beaten the market with my selling premium strategy. Last year I made more than market with my leap strategy. This year I’ve made less than the market due to LEAPs and a decent chunk into China (~$100K original investment down about $35K). But in spite of that stubbornness, I am up 17% for the year.
And I have retained about 15% cash through out the process.
Subject Expert
Both. 80% capital in equity. 20% options.
Subject Expert
Day traded a bit more last summer when the action was crazy. Now I mostly swing trade with a periodic day trade scalp here and there. The action isn’t worth it right now. Most of the time I sell contracts in the AM and buy them back later
Depending on how busy my project is I’ll do it for a few hours
Enthusiast
Are you guys profitable?
Please tell me you held LCID