"Hold on to the risk longer and let the market do the work for you". Thank you so much for this value again. Also if you have not read this mans book. Its well worth it!
Great video, Michael. I have a question based on the topic of adding to winners. From a day trading perspective if I enter a position light risk unit for example one quarter of the size and I add to it one thing that's never discussed by "trading gurus" is the perspective of management of risk units using LIFO or FIFO. I'd like to know your insight and take on this? Cheers! Long time follower and you've helped me so much over my trading "career".
Hi Mike am hooked to watching your videos..find most of your content of value. I generally sell options on an Indian stock index the Nifty 50. I stuck to selling a strangle in the morning and take it off by close. Occassionally i will sell only calls or puts if i anticipate a one sided market. So I don't add to winners as i have just a few hours on the trade. How would you improve this strategy to increase gains apart from just increasing the lot size. Any suggestions would be really helpful. I have been consistent in the last 9 odd months. My goal is to achieve financial independence for me and my family.
Super needed this. I often nail the bottom picks but can't seem to find myself to add when it goes my way. Max I ever did was add 1x and that's it. Always amazes me how others can easily add or what they say FAEP (f*ck the average entry price) hehe
"Hold on to the risk longer and let the market do the work for you". Thank you so much for this value again.
Also if you have not read this mans book. Its well worth it!
Thanks for the great information. So few people talk about adding to winners
thanks a lot buddy
This was a particularly good episode ... Gratitude.
Thank you for your time & effort!
thank you for this Michael
Great video, Michael. I have a question based on the topic of adding to winners. From a day trading perspective if I enter a position light risk unit for example one quarter of the size and I add to it one thing that's never discussed by "trading gurus" is the perspective of management of risk units using LIFO or FIFO. I'd like to know your insight and take on this? Cheers! Long time follower and you've helped me so much over my trading "career".
Hi Mike am hooked to watching your videos..find most of your content of value. I generally sell options on an Indian stock index the Nifty 50. I stuck to selling a strangle in the morning and take it off by close. Occassionally i will sell only calls or puts if i anticipate a one sided market. So I don't add to winners as i have just a few hours on the trade. How would you improve this strategy to increase gains apart from just increasing the lot size. Any suggestions would be really helpful. I have been consistent in the last 9 odd months. My goal is to achieve financial independence for me and my family.
Super needed this. I often nail the bottom picks but can't seem to find myself to add when it goes my way. Max I ever did was add 1x and that's it.
Always amazes me how others can easily add or what they say FAEP (f*ck the average entry price) hehe
very helpful, thanks!