Recent content by drcruz

ONE MORE THING: Free YouTube videos for day trading may also be a good start - Shay the "Humble Trader" seems to know what she's talking about

My advice, read, read, and read. Find out what interests you and start. Max loss per trade should only be about 1 to 5% of available capital. You will blow up an account, but that's expected. 3 to 5 years before becoming profitable is a realistic expectation. Authors I like for beginners: - Mark...

GASP! Why isn't Schabacker mention as another pioneer in the development of TA in the OP...Good book BTW. I've read Wyckoff's book "Stock Market Science and Technique" and enjoyed it. I don't think I'll ever get into Point and Figure, but I do plan on re-reading the book again for the market the...

I manually back test frequently, which really accelerates the learning curve. I try to feel the feelings during historical crash periods and try to visualize performing the correct actions during these times. I also try to take notes analyzing those periods. With that said Larry Williams and...

New Traders should have their money "invested" in a longer term portfolio **before** risking money toward "trading". No more than 10 to 20% of net worth should be at risk when trading. But if I am misunderstanding the question, to get your psychology right the new trader should risk some money...

Option seller here. Trading seriously since 2017 (but still have day time job). First profitable year 2019, sideways 2020, doing good in 2021 (fingers crossed / knocking on wood - still need day job). If I were to make a suggestion, learn the basics / get a good foundation from FREE material...

I am a fan of Peter Brandt who is a classic chartist. Learned his craft from 2 books: 1) the Edward's and Magee book (my personal favorite) 2) the Richard Schabacker book (currently reading) I've read and enjoyed Brandt's first book and own his second book Brandt admits there's no edge to...

@sacbnc, @sideways-sid is correct you need to provide the deltas to accurately analyze what you are asking. Also need to provide where the stock is trading at. Example 1 may be ATM which may account for the 50/50 nature of the spread. ATM is usually 50 delta. Example 2 looks like a normal credit...

I've finally dialed in my strategy. Now I continue back testing to optimize how much to risk per trade and to practice adjustment strategies. I eventually want to start an incubator fund w/ public 3rd party auditing to see if I can get funded. I have linked a couple of places on how to start a...

Well I manually back test my options trading strategy using OptioNet Explorer. I try to develop mechanical rules and try not to cheat when making decisions. I think you could even learn to gamma scalp using ONE, but I'm not sure since I don't trade that way

I don't trade that way, but I've heard of Python as a platform to code in

Elite Traders forum has an area for algorithmic trading

You may want to start in the FAQ sections here at "Trade2win" seems like a great place to start. You need to start reading, reading, reading and try to determine "how" you want trade. For example there's: Long Term Trend Trading Short Term Day / Swing Trading Investing Then you have to pick...

I actually do not trend trade, but I try to take advantage of a trend that is there. So "for me" my position in your example would be a Put Credit Spread 0.5 standard deviation (about 25 to 30 delta) out of the money (OTM). I would enter the trade when there's a close above 3277 AND any...

This does not impact "my" style because I usually Sell options. For example if I were to see a breakout to the upside, then I would be comfortable selling an OTM vertical put credit spread or OTM broken winged put butterfly. So even if the market chops around prior to continuing w/ the trend I...