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re: Day trading the same ticker
Posted on 2/16/24 at 3:20 am to bass
Posted on 2/16/24 at 3:20 am to bass
quote:
What I do technically isn’t considered day trading since I get into options positions about 30 minutes before market close and out 30 minutes when the market opens the following day but it’s as close as it gets I guess. I typically will get into a reverse iron condor about $20 to $40 outside the money on highly volatile stocks such as lrcx and will usually hit a 12% profit pretty quickly.
There is certainly opportunities during those times and I did a bit of it as well over the years. I found that if money wasn’t made quick it was best to get out. I may have lost out on some upside money, but holding calls never went well if they didn’t go north right away.
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