Posted by pjwhiteley on 9th of Jun 2014 at 01:21 pm
Added a second purchase of AVB July puts. Got way overbought, in
my opinion. I Keep some AVB in a retirement account with dividend
reinvestment so,this is a hedge.
Posted by pjwhiteley on 7th of May 2014 at 08:01 pm
With the mechanical system I don't buy a lot of time, just 2
weeks or so. That keeps my cost down. I buy just out of the money
or at the money.Right away I put in a limit price at a 30percent
profit. I watch the one hour chart. if the 5 moving average
trend line starts moving against me I lower my price to a 20
percent profit. That is as low as I ever go.
I never use stops, instead I use a straddle if the market moves
against me. This works for me because I never use more than 3
percent of my capital on any trade. This way I never lose sleep.
I don't know if this is the way for anyone else. After 4 years
of trading, this is my system that works for me. hope it
helps you.
Posted by pjwhiteley on 7th of May 2014 at 07:48 pm
For the mechanical system I buy right at the money tostart.
After a runup, I sell and Buy new contracts just out of the
money. Sometimes I roll out a week farther too if I have been
in the trade a week or more.
Posted by pjwhiteley on 7th of May 2014 at 03:36 pm
I use options only for the mechanical system. My avg
profit is 30 percent. To scal out I with sell some contracts, or
sell all and replace,with a strike further,out in time and/ or
price. I use a 2 to 3 week expiration. seems like we start
scaling out after just a few days.
The community is delayed by three days for non registered users.
Andre Gratian says high is in
Tony Caldaro getting cautious
Posted by pjwhiteley on 3rd of May 2015 at 05:52 pm
Andre Gratain has a free weekly newsletter at Market Turning Points.
He says the high will not be seen again for months. he sees a big downtrend this summer.
SPY
SPY, NFLX short starting to work. GDX long inv h/s ...
Posted by pjwhiteley on 30th of Jan 2015 at 12:40 pm
sometimes a straddle is a good way to go in a choppy market.
Olivia
Happy Thanksgiving everyone
Posted by pjwhiteley on 27th of Nov 2014 at 07:13 pm
She is darling. hey, I am going to try trading with a beret on. Might help.
AVB put
Posted by pjwhiteley on 9th of Jun 2014 at 01:21 pm
Added a second purchase of AVB July puts. Got way overbought, in my opinion. I Keep some AVB in a retirement account with dividend reinvestment so,this is a hedge.
RSI 2
Posted by pjwhiteley on 6th of Jun 2014 at 10:04 am
Daily RSI 2 is over 99.
my good teachers taught me that this is a red flag.
Law of physics
Posted by pjwhiteley on 28th of May 2014 at 02:56 pm
Days like today I remind myself of a physics law that also applies to markets.
Stability leads to instability and instability begets stability. Think about earthquakes to make sense of this law of nature.
Thanks
3 down day & TRIN signal exit today
Posted by pjwhiteley on 19th of May 2014 at 03:03 pm
Appreciate the update.
Thank you
divergence sp to russell
Posted by pjwhiteley on 9th of May 2014 at 10:07 am
Details
Using options to trade
Posted by pjwhiteley on 7th of May 2014 at 08:01 pm
With the mechanical system I don't buy a lot of time, just 2 weeks or so. That keeps my cost down. I buy just out of the money or at the money.Right away I put in a limit price at a 30percent profit. I watch the one hour chart. if the 5 moving average trend line starts moving against me I lower my price to a 20 percent profit. That is as low as I ever go.
I never use stops, instead I use a straddle if the market moves against me. This works for me because I never use more than 3 percent of my capital on any trade. This way I never lose sleep.
I don't know if this is the way for anyone else. After 4 years of trading, this is my system that works for me. hope it helps you.
Right at the money
Using options to trade
Posted by pjwhiteley on 7th of May 2014 at 07:48 pm
For the mechanical system I buy right at the money tostart. After a runup, I sell and Buy new contracts just out of the money. Sometimes I roll out a week farther too if I have been in the trade a week or more.
Options only
Using options to trade
Posted by pjwhiteley on 7th of May 2014 at 03:36 pm
I use options only for the mechanical system. My avg profit is 30 percent. To scal out I with sell some contracts, or sell all and replace,with a strike further,out in time and/ or price. I use a 2 to 3 week expiration. seems like we start scaling out after just a few days.
anyway I am finding it very profitable.
My strategy
A poll. Do you buy broken leaders , defensive stocks or sell ?
Posted by pjwhiteley on 7th of May 2014 at 03:33 pm
I buy puts with June 21 expiration and pick up dividend stocks to keep for long term.
Path
SPY Pro system
Posted by pjwhiteley on 7th of May 2014 at 10:35 am
Go to:mechanical sysTems>SPY Pro>Overview.
They describe the stop loss here.
Click on "click to show"
Update on the SPY Pro and other SPY systems
Posted by pjwhiteley on 11th of Apr 2014 at 08:59 am
YES!
ADRE-EEM still extremely overbought today
Posted by pjwhiteley on 2nd of Apr 2014 at 02:54 pm
I trade on the 60 MACD and it looks close to rolling over. Took profits on my SPX calls.
Statistics newsletter is a must see.
Market Statistics Newsletter
Posted by pjwhiteley on 31st of Mar 2014 at 09:26 am
Thank you Matt. The statistics newsletter sure gave me a perspective for the rest of the year.
This technically challenged, sixty two
KKR 60
Posted by pjwhiteley on 27th of Mar 2014 at 02:12 pm
This technically challenged, sixty two year old Grandma thanks you!
KKR
SPX 60
Posted by pjwhiteley on 27th of Mar 2014 at 01:10 pm
The 60 min chart on KKR looks improved after a long downturn.
Lovin it
SPY systems Update
Posted by pjwhiteley on 19th of Mar 2014 at 01:55 pm
I just love this system. Sitting in cash is just fine until a really good setup comes along. let's keep dong this over and over!
I did
Market comments
Posted by pjwhiteley on 13th of Mar 2014 at 01:47 pm
I held it, because I felt the washout hadn't happened yet.
I bought SPY put and I Expect to close today with a 40 percent profit.
thanks for telling me about the setup alert.