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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you do this on a
Matt, I've been using a Heikin Ashi chart setup in ...
Posted by generic on 23rd of Mar 2023 at 01:59 pm
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).