3309 Drysdale Ct
Edwardsville, IL 62025
First off Happy Thanksgiving!!!!!!!!!!!!!!!
Secondly I had a typo on the trade lists, in the email I said
buy 2 Feb 20th Puts 320 Strike but on the table yesterday I had
322. I changed that to 320 to reflect the email. Great trade
from the Breakout system which closed out 133 point gain on the
SPX! I'm really looking forward to a very profitable next
year with the combined SPY and ES systems and perhaps some other
systems products like my ES 60 min system which I could offer an
auto execution service as well.
also funny here's an image from my 2013 Newsletter I sent on
Thanksgiving way back in the QE days. I guess we are sorta back in
those days again LOL but obviously not Bernanke or Yellen
Looking at the option trade list, there are two "2nd entry
Pullbacks" on 8/5/2019 but with different exit dates.
What happened there?
Hope you had a great Thanksgiving...definitely a fun holiday!
Looking forward to all of this in the New Year with combined
Matt, in order to trade the upcoming system, I want to make sure
I have the accounts needed. I have a stock and futures
account at TradeStation. I need to open an options account as
well. I know many option traders prefer Think or Swim for
options but since the only option trading I will be doing is the
SPY system, would TradeStation be a good platform to use as well?
I am trying to keep it as simple as possible by having all my
trading accounts under TS. If I am trading the options, I
suppose using the etf''s can be reserved for my 401k since I cannot
trade options in my 401k and just use options for my regular
I would not trade anything in TS: it is the worst piece of
software I have seen. Why would anyone put any money into something
that could crash on a dime?
TS can have issues with tick data causing it to freeze if one
uses a lot of tick and renko type charts. In my observation if one
uses standard minute and daily charts it's fine.
I know plenty of traders who day trade stocks with it just fine
and they would not tolerate freezes if it occurred to them.
So for that stuff it's fine
Yes, TS version 10 frequently decides to refresh its data at
random, and the entire application freezes for a half an hour at a
time. Good luck doing a trade at that time.
Again I know plenty of traders who are trading for pennies, they
might buy 10 or 20K shares of a $10 stock at $10 and sell it for
$10.03, 3 pennies, fast execution is paramount, if they had any
pauses or freezes would cost them 1000's, it doesn't happen to them
with stocks trading 5 min charts.
again guys Junkie has all sorts of exotic chart types,
indicators, systems that are prone to freezing, which again is a
for those of you trading minute charts, or options there will
not be an issue.
enough said about this let's move on to other topics
I have not traded options in TS so I don't know if it's any
good, however I know that TOS is great for options as options are
the product it's focused on and optimized for years so that
platform may be a better choice if you don't mind having multiple
accounts. That said TOS is best if you want to explore other option
strategies such as straddles, ladders, iron condors bull/bear put
spreads etc which some of these one could probably utilize with the
SPY system trades to protect profits or reduce risks on certain
trades. I don't get into all that but I think it's something
that's untapped with the SPY system and something you option
experts could focus on.
Otherwise if you only wanted to do the option trades I send out
and nothing more exotic, then any broker should be fine.
I am exploring other option strategies for the SPY system and
they seem to work well. Unbalanced flies, vertical spreads so
here's the new table, I think this makes the most sense
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