I was concerned about my short calls so closed out for a small profit, instead of doing the pukka trade-which was to add the other half to the position and buy puts, making the trade a combo or 'risk reversal' which would have been a monster trade.
It's all about mental states, and I am not too happy with my trading currently, I never seem to be able to focus on much other than options. I have had a nibble at a couple of binary bets, one loser one winner, but overall a small loss. I have enough data for developing a system and yesterday was simply a case of it didn't work-as in 40% of the time it doesn't work. Point is that the loss must be smaller than the gains, even if you have a tiny edge. This is how big traders make money- get rich sloooooow.
I love trading and have no intention of retiring-ever, though as a matter of principle I will accept any meagre pension the state may wish to confer upon me.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment