u/nastibass

My long term, not going to sell for at least 10 years portfolio is VTI, VXUS, SCHD, VYMI. I have a list of companies that I like long term. Should I even bother adding some shares to my allocation?

I sell 30ish DTE bull put spreads on profitable companies that have pulled back to an area of resistance. I usually sell them 5 wide and to 4:1 ratio. (400 risk to 100 reward). I set my take profit at 50% and only open 1 or 2 new positions per week, trying to be patient with the setups. My current positions are M, BRK-B, and GTES. All 30ish DTE. What do you think?

Ive been plugging away daily trying to setup my swing trade scanner and nothing has been working. I trade options. Ive considered getting away from that and accepting smaller gains. But here's my finviz setup.

1.Mid caps and up

2. Postive EPS growth over past 3 years

3. Price over $20

4. Optionally

5. EPS growth postive over last 5 years

6. Average volume over 1 mil

7. Institutional ownership over 50%

8. Relative volume over .75

9. Net profit margin over 5%

10. Quarter up

11. Week down

12. News in last 7 days.

What should I change?

Ive been plugging away daily trying to setup my swing trade scanner and nothing has been working. I trade options. Ive considered getting away from that and accepting smaller gains. But here's my finviz setup.

1.Mid caps and up

2. Postive EPS growth over past 3 years

3. Price over $20

4. Optionally

5. EPS growth postive over last 5 years

6. Average volume over 1 mil

7. Institutional ownership over 50%

8. Relative volume over .75

9. Net profit margin over 5%

10. Quarter up

11. Week down

12. News in last 7 days.

What should I change?

Im going to hate myself if I spend another saturday night in my house doing nothing. What should I do tonight?

I use Finviz and I like it but i dont think im using it properly. I hope theres a guide or an article or video i can read somewhere. My usual setup is month long contracts that I plan on selling 2 weeks in.

Why isn't the first and only answer to paper trade for at least 2 months before touching a stock?

Should I begin experimenting with this on keep working my scanner to find what im looking for

Its under the widgets but I cant figure it out. Can any of you help me out? Id love to backtest a couple strategies over the weekend.

Im having issues setting up the scanner to find good setups for options swing trades, Its getting close but essentially im looking for an oversold condition while holding support of a 20 50 or 200 EMA with increased volume showing that a reversal might be occurring. So far its given me 1 trade that I had enough confidence in to buy a call for it. Thanks for your help!

I joined a free trial on the trading group and the traders calling the trades are all using 4 to 40 contracts per trade. Well little me can only reasonably afford one contract at a time. They use a tier out strategy on their contracts which makes a lot of sense to me, however, I only have one contract which leads to me holding to long or most of the time to short. The solution that I am working on for this is spreads. Basically, lowering the cost so I can buy more contracts and tier out as they do. Can anyone give some advice on setting up selling 4 ish spreads to replicate buying 1 call? Im trying to set it up but the after hours market bid ask spread is so wide that its making any research very difficult.

I joined a free trial trading group and the traders calling the trades are all using 4 to 40 contracts per trade. Well little me can only reasonably afford one contract at a time. They use a tier out strategy on their contracts which makes a lot of sense to me, however, I only have one contract which leads to me holding to long or most of the time to short. The solution that I am working on for this is spreads. Basically, lowering the cost so I can buy more contracts and tier out as they do. Can anyone give some advice on setting up selling 4 ish spreads to replicate buying 1 call? Im trying to set it up but the after hours market bid ask spread is so wide that its making any research very difficult.

I trade exclusively SPY but have considered moving to a more volatile etf like QQQ. But in my opinion SPY follows technical indicators cleaner. I was trading single leg Puts and calls based on technical indicators but for the 400 to 800 dollar debit I was taking I was only making 100ish per winning trade of only 50/50 were going well. So easily a net loss. I have transitioned to spreads and its been working out well, I set it at 5 wide and bet on 1.5 strike price to move in the money with a take profit set at 50% profit. This usually means im risking $90 for a $200 gain at 50% gain. This has been working but im wondering if theres anything structural flaws that I could improve or something im missing. Ive been doing this for 4 months and im basically dead even, im highly dedicated to making this work. Thank you for your help!

Threw some tools today trying to get our shitty company supplied hi lok collar removers to work.

Basically, I want to test out my entry and exit points, indicators and strike prices before I do it for real. I kmow I can use paper trading when the markets open but I want to train when the markets closed as well.

Im trying to test out an options strategy and cant find the on-demand function.

Im looking for a site that let's me pick a date. Be able to paper trade on it and see how I perform. AI told me webull, ToS and tastytrade has it but I havent been able to find it or make it work. Thanks for your help!