NICE that you did options instead. Again the fact that it was a
2nd entry was nice because you avoided the Monday drawdown from the
first, so to me psychologically it was easier to take the trade
since we avoided that 1st
Posted by mitchell on 20th of Jul 2021 at 11:43 am
2nd that...made huge profit on SPX calls. Bought lows above 2d
DVT w/ expectation of touch/ go day to fill gap. I use a blend of
indicators to trade based on probability.
but even still, had one taken the Friday trade, the way I do
these statistically is you use a base amount for the 1st entry so
if your base is 2 options, the the 2nd entry is 4 options, 3rd
entry would be 6. So in this case the doubled up position on the
2nd entry would still completely make the trade a nice winner as it
was double the amount of the 1st, also even the 1st entry at this
moment isn't far from Friday's close
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NICE that you did options
McClellan Systems
Posted by matt on 20th of Jul 2021 at 11:12 am
NICE that you did options instead. Again the fact that it was a 2nd entry was nice because you avoided the Monday drawdown from the first, so to me psychologically it was easier to take the trade since we avoided that 1st
I killed it with SPY
Posted by arun on 20th of Jul 2021 at 11:36 am
I killed it with SPY IWM calls and TNA stock
2nd that...made huge profit on
Posted by mitchell on 20th of Jul 2021 at 11:43 am
2nd that...made huge profit on SPX calls. Bought lows above 2d DVT w/ expectation of touch/ go day to fill gap. I use a blend of indicators to trade based on probability.
IWM 9/17 445 Call ,
Posted by retirefire on 20th of Jul 2021 at 11:15 am
IWM 9/17 445 Call , 10 points from yesterday low on SPX. Yes avoiding draw down was nice.
but even still, had one
Posted by matt on 20th of Jul 2021 at 11:19 am
but even still, had one taken the Friday trade, the way I do these statistically is you use a base amount for the 1st entry so if your base is 2 options, the the 2nd entry is 4 options, 3rd entry would be 6. So in this case the doubled up position on the 2nd entry would still completely make the trade a nice winner as it was double the amount of the 1st, also even the 1st entry at this moment isn't far from Friday's close