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Re:Ask HN: Do You Trade Options? by bratak on Monday November 09, 2020 @04:00PM (#25039839)
Stopped trading Options. Volatility is way out of whack. Everything seems to go beyond 2 or 3 Standard Deviations. So, to make money consistent with Options, you need a trading strategy which predecits the direction. But then, you can trade the underlying, because trading Options usually means, trading for income, not speculation.

However - I've developed other skills: a) Long Term Strategy: COT Trading (Committment Of Traders). I suggest you read Larry Williams about COT Trading - Google it!

b) Intraday Scalping: Develop a winning strategy, test it to prove yourself you can make money, and then trade it live, but not with your money. Go to TopStep Traders, invest a couple hundred bugs and see if you can make money consistently. If not, you only burn a couple 100s, and not 1000s

Hope this helps Wish you good luck!

Re:Ask HN: Do You Trade Options? by rajeshp1986 on Tuesday November 10, 2020 @11:08PM (#25055417)
How to learn Intrady Scalping? Any resources?
Re:Ask HN: Do You Trade Options? by bratak on Thursday November 12, 2020 @01:41AM (#25067132)
on YT, there is a real Scalper called "Trades by Matt".

Channel: https://www.youtube.com/channel/UCAiadqtIuxMOBbzMHGk_aYQ

Strategy Video: https://www.youtube.com/watch?v=nRKXylSlNCY

Know the following: - to become a firm Trader, you should trade at least 6 Month in a Demo Account. This is to proove yourself that you can make it, at least in Demo.

- Matt's strategy is maybe not suitable for you. Maybe you like more Swing Trading on longer timeframes.

Be realistic with yourself. Imagine becoming a Pilot, or a Doctor. To make money in these jobs, you have to go through a learning process that takes years. So, don't fool yourself by thinking you can become a profitable trader within a couple weeks.

If you are new in Trading, be aware that over 90% of "Coaches", Strategies etc. is fake - they just want your moeny. Matt instead is real.

I suggest you take at least 2 Months, watching Matt's stream live, watch hes recorded sessions. Take another 2 Months for research about the different trading strategies, and while on the way, don't believe anyone what they say. Don't get blinded by the $$$ they promise. Don't buy anything, even if it sounds firm.

You should read two Books from a real Prop Trading professional:

One Good Trade:

https://www.amazon.com/One-Good-Trade-Competitive-Proprietar...

The Playbook:

https://www.amazon.com/PlayBook-Inside-Think-Professional-Tr...

Hope this helps & good luck.