S&P stalled at the 38.2 from the March bounce...

There are quite a few leveraged ETF closures listed in this article: https://www.etf.com/sections/daily-etf-watch/closures-spike-market-turmoil?nopaging=1

MSFT holding up better than peers and the markets. Stochastics and MA Bands providing nice trade entry/exits over the past few days in a relatively narrow band. Let's see if we bounce again today...

Dynamic Variable Trigger

Guys, Matt and Steve are constantly reiterating that we all need to trade within our means and risk tolerance... and that we don't need to take every trade.  We also have 2 1/2 months for the positions to potentially turnaround or pair losses. 

In a waterfall move like we just saw I really think you should also be hedging  options trades against sudden big moves.  I was mitigating my longer term risk buying low cost, short-term (daily/weekly) OTM puts at the same time I was buying the longer term call positions. I scalped some profits each day as the market went down. Sure I'm net negative on the last few trades but not by as much as you would think.

Couldn't agree more with 24kau. It's psychologically hard to watch these reversion to mean trades on the way down but I absolutely believe in the system. No system is perfect and this could  be an instance where it doesn't work 100% in our favor. That being said, my positions have 77 days til expiration and my BPT options positions paired their total losses by almost 50% in the last 15 mins of trading today. One even went green . So stick with it everyone and a big thanks to Matt and Steve! 

Thanks for keeping us honest and helping us stick to the systems! Hard to trade but I appreciate all the work! 

Looks like a near perfect bounce of the 50% Fib of the Oct/Dec lows.

I can imagine the stress when it's that close. I'll stick with the systems though. No trade = no trade. And thanks for the sneak peak on the new system!

QE MOMO Trade - Matt,  would you be looking at something like a Apr 325 SPY call for the options trade? 

AAPL close to a downside break here?

Wondering the same about PRED. Nice pop today though.

Wow, is it February already? (Sorry about that...)

Looks like they filed an 8k today...  https://predtechgroup.com/investors/

AKRX cratering after the small pop. 

Thanks Matt & Steve! I missed the QE BTS bc I couldn't place the trade in time on Friday PM.  Wasn't sure about getting on Monday so I skipped it. Been following BPT for a long time and finally started trading the systems in January.  I am extremely happy with the results. Having the exact entry trades (esp on options) and the early warnings midday is EXTREMELY helpful bc I don't always have time to do the work myself during the day. Thanks!!!

Matt, any idea on the trade parameters for today's SPY options long?

FCX on a nice breakout. Looking to close the gap around 13?

Very Cool. Looking forward to the app... will be great for alerts.

TD as well