- Option Voyeur @optionvoyeur · 23 hours ago The longer I trade the more I realize the true pros got their asses covered on all sides.I recommend a 25% hedge. Pick a biased side, buy in then buy the opposite side with 25% of the larger position.When you hedge you don't make as much when you win but you don't lose as much when it turns against you.Know I'm getting better cause I don't lose as much when I lose. There's layers to this stuff and don't be scared to hedge positions.
- Option Voyeur
@optionvoyeur 16 hours ago - Everyone got bullish yesterday and it screwed the masses again.
$SPY
@ParkResearchLLC I love volatility@ParkResearchLLC There's gonna be weeks where it doesn't work though so I got to stay small in position sizings@optionvoyeur always. be nimble@ParkResearchLLC absolute max 5-10% on a trade@optionvoyeur 5-0% of your portfolio per position or 5-10% max gain/max loss? if it's former, it could be too much.if latter, too little.@ParkResearchLLC 5-10% of the account I'm trading with, if I get 2 losers in a row I step it back@optionvoyeur u need to offset theta by selling (relatively) expensive vol on other underlyings@ParkResearchLLC Why? No need to. I hate selling, risk/reward ain't there@optionvoyeur of course there is. U just don't know how to find it yet. :)@ParkResearchLLC I know there is, it's on an advanced layer, it just doesn't come naturally to me.@optionvoyeur most of the time, not all the time, sellers have advantage. selling put has advantage. those two are the last free lessons :)
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