Scalping long stock options for day-trading fun and profits
Now that my “SimpleOptionsDayTrade” strategy is steadily making significant profits, I’ve started programming a scalping system in TradeStation.
Part gambling but more like a video game.
But then isn’t that pretty much everything in the stock market?
If the Wall Street suits are not playing Vegas, they are indulging in their teenaged video-game fantasies.
This is going on in stocks, ETFs, futures, even bonds, but more than ever in options.
And it’s making scalping options an easy gamble.
So, I decided to waste some time (so to speak) and play around with some technical analysis indictors on my computer screen.
Viola!
I set up the out-of-the-money TSLA 180CALL, expiring Friday, automated it in TradeStation (something that trading platform is especially adept at), sat back and watched the scalping run across a one-minute chart, watching the low buys (LB) and high sells (HS) repeat each scalp.
It has netted 115% as I write this on eight long trades.
The green flag on the chart’s right axis shows the dollars gained for each $1K put in play on trades closed so far,
Kinda fun.