some nice gains! I thought we would likely follow through
in the morning, but start finding some resistance.
Like I told you guys, I have to officially stick with the
systems, however we had a strong move yesterday and into this
morning and even if you didn't close your full position, if you had
like 10 call options, was it nice to peel some off this morning?
or if you had a bunch of ETF shares scaling out of some?
Sure.
As you know on the trade list - that is BASE size. I only
show 1 option contract for 1st entries, 2 for 2nd entries, and 3
for third entries. I can't show a scale out of 1 option for
example, however again that's just a base size and extremely small,
I expect most of you are doing much larger sizes and so have
liberty to scale out of some when you wish.
The 1, 2, and 3 sizes I show on the spreadsheet is simply for
the purpose of showing that I buy double the position size for 2nd
entries and triple the size for the 3rd. So I could clearly show
2, 4, 6, or 4, 8, 12 instead of 1, 2, 3. I hope that
makes sense.
also I may consider adding some scaleouts to the systems this
year if the stats look good, and if I were to do that, I'd probably
bump that base amount on the options up to 2, 4, 6, so that it
would allow for a scale out
Closed my 313 SPY call
Posted by hornsant on 29th of Jan 2020 at 09:59 am
Closed my 313 SPY call at the open.
some nice gains! I thought
Posted by matt on 29th of Jan 2020 at 10:06 am
some nice gains! I thought we would likely follow through in the morning, but start finding some resistance.
Like I told you guys, I have to officially stick with the systems, however we had a strong move yesterday and into this morning and even if you didn't close your full position, if you had like 10 call options, was it nice to peel some off this morning? or if you had a bunch of ETF shares scaling out of some? Sure.
As you know on the trade list - that is BASE size. I only show 1 option contract for 1st entries, 2 for 2nd entries, and 3 for third entries. I can't show a scale out of 1 option for example, however again that's just a base size and extremely small, I expect most of you are doing much larger sizes and so have liberty to scale out of some when you wish.
The 1, 2, and 3 sizes I show on the spreadsheet is simply for the purpose of showing that I buy double the position size for 2nd entries and triple the size for the 3rd. So I could clearly show 2, 4, 6, or 4, 8, 12 instead of 1, 2, 3. I hope that makes sense.
also I may consider adding some scaleouts to the systems this year if the stats look good, and if I were to do that, I'd probably bump that base amount on the options up to 2, 4, 6, so that it would allow for a scale out
Had 6, closed 4 holding
Posted by kattap on 29th of Jan 2020 at 11:48 am
Had 6, closed 4 holding 2. agree with adding the number of options and scaling out if possible