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.
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I take that into account
"Can't time the market" - I hate to say this ...
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.