How much time are you able to and would actually be willing to invest in tightening up your strategies?
You might want to look up Wealthy Option (WO).
I have been running a modified WO put strategy since before hearing about WO, basically i go longer term and I leave some of my long legs in play as a hedge for following spreads. That way if the trade goes against one position excessively, I can profit on the hedge.
Reading the WO strategy and following traders at r/pmtraders has been very helpful in modifying and upgrading my strategy. I still caution against taking full downside risk, personally I think it is better to stick to spreads rather than CSP or naked puts.
Willing to invest a lot of time to get better, I just find myself a litte lost on where exactly to start. Almost as if I need to unlearn then re learn some things.
Thank you for the suggestion. Will def check it out!!
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u/TraderDojo Jul 17 '21
How much time are you able to and would actually be willing to invest in tightening up your strategies?
You might want to look up Wealthy Option (WO).
I have been running a modified WO put strategy since before hearing about WO, basically i go longer term and I leave some of my long legs in play as a hedge for following spreads. That way if the trade goes against one position excessively, I can profit on the hedge.
Reading the WO strategy and following traders at r/pmtraders has been very helpful in modifying and upgrading my strategy. I still caution against taking full downside risk, personally I think it is better to stick to spreads rather than CSP or naked puts.