Beginning this month I will practice options trading Virtual trading in Options Express by charles-shwab
I will Virtual trade options and index ultra shares. The system is; northams SPX cycle – Channels - Hourly & Daily Stoch – Put/Call The trading indexes are IWM QQQ QLD TQQQ QLD - SPXU QID etc –no single stocks No day trades (for the most part) No more than two trades a day A Trade; open and close - or open & open new (incase I enter too early) Begin with $25K and no more than 25% of fund total on a single trade Gains and losses displayed
The purpose; to TEST personal ability to trade options – to build confidence using a consistent and known system and display results for all to see. Gauging Success; It doesn’t matter at this juncture if I win, lose or draw. (win is preferred) What matters is learning, building trust in trades, proving the system actually works for me (not for anyone else) and to know what to do when I make a wrong trade.
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