3309 Drysdale Ct
Edwardsville, IL 62025
S&P stalled at the 38.2 from the March bounce...
There are quite a few leveraged ETF closures listed in this
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
Dynamic Variable Trigger
Guys, Matt and Steve are constantly reiterating that we all need
trade within our means and risk tolerance... and
don't need to take every trade. We also have
2 1/2 months for the positions to potentially turnaround or pair
In a waterfall move like we just saw I really think you should
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
. So stick with it everyone and a big thanks to Matt and
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
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...
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.
Matt, any idea on the trade parameters for today's SPY options
FCX on a nice breakout. Looking to close the gap around 13?
Very Cool. Looking forward to the app... will be great for
TD as well
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