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Rule 1:

Disaster. Way too high.


Rule 2:

Disaster. 4 trades is way too less. Should be aiming for way more if account permits and across different asset classes. You are playing for theta decay, so you want to reduce directional risk.


Rule 4:

How is this actionable? And the reasoning sucks. But I don't disagree with closing out contracts before expiry, but with reference to risk taken, days to expiration and premium collected. But as I said the reasoning provided sucks, and they should at least provide guidelines and provide thorough backtests to support their answer.


But based on their suggestion, a lot of their members would have been wiped out or suffered severely last August and January.


Run away from this course and don't look back.


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