Repaints AGAIG Do You Pay Yourself Every Friday In ThinkOrSwim?

[catphonics]

Thanks for sharing your wisdom, and the charts.

The best (new) rule for me spun off of this thinking is to pay myself every Friday, by moving 90%+ of my gains into a separate account that I use for longer term holdings that pay dividends + interest on the cash. Eventually I'll have a set dollar amount to rebalance my trade account down to every week, but for now, 90% gets 'banked' and not touched until the tax man wants his cut.

 

[csricksdds]

Thanks for sharing your wisdom, and the charts.

The best (new) rule for me spun off of this thinking is to pay myself every Friday, by moving 90%+ of my gains into a separate account that I use for longer term holdings that pay dividends + interest on the cash. Eventually I'll have a set dollar amount to rebalance my trade account down to every week, but for now, 90% gets 'banked' and not touched until the tax man wants his cut.

Very good - I'm glad it's working for you!

 

[TOS2221]

Just for grins, I ran this strategy by ChatGPT. Here's a short version of its reply:

"The main weaknesses are that the strategy relies on fixed profit targets (trying to “pay yourself” weekly), uses expensive ITM contracts without clear stop-loss rules, and chases small spread gains that are vulnerable to slippage and volatility shifts. The claims rest on anecdotal wins rather than long-term testing, and there’s no defined risk-management framework for handling losses or drawdowns — making the approach incomplete and unsustainable.

Worth noting the math: buying a $250 spread for $1.25–$1.35 risks $125–$135 per contract to make only $25–$50. With 5 contracts that’s $125–$250 profit vs. $625–$675 loss — a 1:3 to 1:5 risk/reward. You’d need an 85%+ win rate just to breakeven."

Comments?

 

[csricksdds]

Just for grins, I ran this strategy by ChatGPT. Here's a short version of its reply:

"The main weaknesses are that the strategy relies on fixed profit targets (trying to “pay yourself” weekly), uses expensive ITM contracts without clear stop-loss rules, and chases small spread gains that are vulnerable to slippage and volatility shifts. The claims rest on anecdotal wins rather than long-term testing, and there’s no defined risk-management framework for handling losses or drawdowns — making the approach incomplete and unsustainable.

Worth noting the math: buying a $250 spread for $1.25–$1.35 risks $125–$135 per contract to make only $25–$50. With 5 contracts that’s $125–$250 profit vs. $625–$675 loss — a 1:3 to 1:5 risk/reward. You’d need an 85%+ win rate just to breakeven."

Comments?

Did chatGPT offer to trade for you?