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Re: santafe2 post# 86692

Wednesday, 07/22/2020 9:23:54 AM

Wednesday, July 22, 2020 9:23:54 AM

Post# of 110767
You are the only one here, to my knowledge, who trades options, thus I suggested you, Eric. I also respect your knowledge in options experience.
Your suggestion is outstanding about "paper trades", I do it myself before actually placing real money on an experimental system. If it it is not successful at least 80% of the time I aborted the idea and start from scratch with a new idea. I set 80% because the unexpected can and does occur in the market very often, so it will drop the success rate to about 65-70%. Then with quick stops in losing positions it can be improved about 5+%.

"I would highly recommend executing a hundred paper trades and analyzing why they worked or did not work."

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