that's why I think in a real world - if you have things 5 or 6
going on the same day - the ones that tend to do the same trades
SPY, SPDW etc, don't do them both. If XLE and OIH go same day don't
do both - or if you have a decent account just spilt the same money
into them all. Yes can do options to limit risk but I'm not sure if
the options for the other ETF's trade after hrs like SPY does, if
the do not then may be not always be able to do options in time.
There are times when 6 - 8 get into a trade at the same time, one
could always set a limit of say max 4 or 5 or something
I'm also sure there's some awesome way to use options to limit
the risk - like some spreads or some out of money cheap puts that
would add some protection but reduce some profits as
well.
yes with systems you have to go in with a plan - too many don't
have a plan and just swing for fences then can't handle draw downs.
define a plan, and start small only - over time after profits have
been made then you can slowly start increasing allocation
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that's why I think in
RSI 2 reversion to mean on a basket of ETF's
Posted by matt on 13th of Oct 2021 at 12:51 pm
that's why I think in a real world - if you have things 5 or 6 going on the same day - the ones that tend to do the same trades SPY, SPDW etc, don't do them both. If XLE and OIH go same day don't do both - or if you have a decent account just spilt the same money into them all. Yes can do options to limit risk but I'm not sure if the options for the other ETF's trade after hrs like SPY does, if the do not then may be not always be able to do options in time. There are times when 6 - 8 get into a trade at the same time, one could always set a limit of say max 4 or 5 or something
I'm also sure there's some awesome way to use options to limit the risk - like some spreads or some out of money cheap puts that would add some protection but reduce some profits as well.
yes with systems you have to go in with a plan - too many don't have a plan and just swing for fences then can't handle draw downs. define a plan, and start small only - over time after profits have been made then you can slowly start increasing allocation