Originally Posted by Sully93vr4
Very impressive! lol. Gives noobs like me some hope!
, welcome !
I was a noob early this year too. I just became an "older" noob than you are
Just keep your mind open and arm yourself with all the educational and informative threads here. Feel free to PM or post any queries here or over at http://www.hotstockmarket.com/forums...ad.php?t=78189
Originally Posted by richfarmer
Well I gave up $300 today so im back to only +$100. Both of my two trades today were close calls but didnt go my way, and i think i could have picked a little better entry on one of them. But i guess thats what paper trading is for...hopefully ill get back some of that tomorrow
, i think you already know about this but let me just be a little naggy here
my suggestion is to get used to trading the hourly options first. Once you are acclimatized to it, then work out on the winning ratio and money management plan which would affect your position size. Because, for such trading, there is no STOP-LOSS or TRAILING STOP. So you'll have to get all these into your trading style. So dont worry about the paper profits for now. Get the number of ITM consistently higher than OTM first.