AGAIG No Mans Land For ThinkOrSwim

[csricksdds]

AGAIG As Good As It Gets “NO MAN’S LAND”​

It has been my experience that it is best to trade a security (Stock) in one direction at a time and not trade both directions (although some sites will recommend Straddles or Strangles around Earnings Reports).

Getting caught between two extremes is what I call “NO MAN’S LAND” and over a period of time theta decay produces more grief than success.

Another thought: RELEASE: You are bound to lose on any trade you do not release (exit) while it’s making money?

They posted me on the "Weekly New For ThinkOrSwim" today
https://usethinkscript.com/threads/agaig-daytrading-scalping-for-success-in-thinkorswim.20383/
and as a current small report I have been in/out of MSFT (5 Contracts each time for 31 January Expirations) for small profits ($25-$45/contract) and am currently up $1,267.38 when this is posted.

A lot of small trades add up to one large trade?

 

[antwerks]

good to chip at it but just make sure the risk to reward is balanced right - in some cases it just takes one "Aw Shoot!!" to loos 1K

True as I been on both sides of that equation...risk/reward and managing trades is key to success. The market is not an ATM?

Only for the brokers and Market Makers

 

[csricksdds]

Only for the brokers and Market Makers

Yes if you have computers making decisions and placing trades for you. I have three computers but only one brain cell!