Been trading for a while but haven't been too successful as I've not really put too much thought in my decisions but I've changed since last year. I'm thinking more and analyze more in detail before a trade since my capital is not big and I wanted more exposure on a specific stock I started to buy leaps or 3-6 month expiry date options deep ITM. So far it's working well because the market is so bullish. Because deep ITM options costs a lot and I'm running out of capital. I'm wondering what do you guys do to become a successful options trader. I usually buy 1-2 contracts hang on to them until it reaches the resistance price sell then rinse and repeat.
Started to buy more options than shares
byu/pokemon2jk inoptions
Posted by pokemon2jk
1 Comment
I personally don’t buy ITM. I buy ATM or just OTM. the key is having an appropriate entry. I bought TGT options a few months ago when it was in the crapper. Sold most of them for 120% gain today after earnings today. Look for good companies that have crap earnings. I trade weekly options as well but that’s a whole different ball game. At the moment ARM and UPS are on my radar. Both had crap earnings. I bought Oct UPS for 2… just think about things logically.. what makes sense. Also made a 200% profit on TJX … to me it was a no brainer … recession proof. Also had great earnings… … also bought MCD after crap earnings… sold most. I will sell the rest at $300 then reload when appropriate