you do this on a 3 min chart ? How much $$ do you typically target per contract of this spread ?

    Depends on your account size

    Posted by DigiNomad on 23rd of Mar 2023 at 02:05 pm

    Depends on your account size and other factors. I target around .25% of Net Liq in premium on a given trade, with the intent to take profits when 50% of the premium is decayed.  But it depends on my confidence level for that particular day / trading environment. Yesterday, I quadrupled down on 4080 call sale on that initial push up after the print. I normally wouldn't do that, but the situation seemed to call for it.

    FWIW - my trade sizing is quite risk averse at .25% of net liq, but it withstood the trial by fire that was 2022. I finished last year solidly positive. The small bets allow for defending positions, when necessary (doubling down, rolling out, etc). 

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