How its going after i switched from buying to selling options!
Been a investor for a while but never traded options or day traded. Im kind of retired right now and have some money coming in every month. Since i have lots of free time right now I started learning about options and day trading strategies.
Immediately started day trading by buying calls and puts and realized losses almost every day i did it. I only trade with 1- 4 lots max so the losses were not too bad for me. I realized selling calls and puts might be better strategy, and started doing strangles, straddles (and the ironfly, iron condor variations) with weekly expiry with few directional trades with SMC strategies. This is how its been going so far (17 day profit streak).
I will update how my journey is going every few months. A few rules i stick with are - no overnight holding of options without hedges, and not to trade with more than 4 lots ( this depends on your risk appetite).
