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re: $500 a day keeps the day job away

Posted on 8/27/20 at 6:54 pm to
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 8/27/20 at 6:54 pm to
You will get killed in a down market
Posted by cgrand
HAMMOND
Member since Oct 2009
38918 posts
Posted on 8/27/20 at 7:00 pm to
that’s where the skill comes in. some stocks are green even on the worst days. And options trading has opened up an avenue to make money on a downtrend that our fathers did not have
Posted by The Egg
Houston, TX
Member since Dec 2004
79189 posts
Posted on 8/27/20 at 7:24 pm to
quote:

You will get killed in a down market
not if you stick to your game plan

Up market, down market, trading set ups and principles are the same
Posted by Auburn1968
NYC
Member since Mar 2019
19715 posts
Posted on 8/29/20 at 4:25 pm to
quote:

You will get killed in a down market


Just playing with this on paper, but that's why it is advisable to keep one eye on SPA and keep working the limits and stop triggers.

It seems the gotcha is how long it takes to get settlements if you have limited cash in play. I don't see any way around that without adding a good bit of risk.


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