Posted by DigiNomad on 30th of Jun 2022 at 12:44 pm
I take that into account and it's why I don't day trade (much)
and primarily use short put spreads in bull markets and short call
spreads in bull markets (actually both at the same time, but in
different ratios depending on conditions). Credit spreads put on
with the short strike at a 16 delta should yield an 80+% win
rate. The trick for achieving that win rate over time, in my
opinion, is not to use it on single stocks and to not lose your
nerve when you experience losses...because it happens to everyone.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
They are somewhat correct -
"Can't time the market" - I hate to say this ...
Posted by kevindeng0727 on 30th of Jun 2022 at 12:38 pm
They are somewhat correct - noboday can time the market with 100% accuracy, but a 40% win ration + good risk management makes a US investing champion
I take that into account
Posted by DigiNomad on 30th of Jun 2022 at 12:44 pm
I take that into account and it's why I don't day trade (much) and primarily use short put spreads in bull markets and short call spreads in bull markets (actually both at the same time, but in different ratios depending on conditions). Credit spreads put on with the short strike at a 16 delta should yield an 80+% win rate. The trick for achieving that win rate over time, in my opinion, is not to use it on single stocks and to not lose your nerve when you experience losses...because it happens to everyone.