NICE gains on those SPY options for Bear longSPY

    Posted by matt on 24th of Jun 2022 at 11:35 am

    nice trades on those SPY options esp that 2nd entry

    Great trade on the SPY

    Posted by steverobin on 24th of Jun 2022 at 02:26 pm

    Great trade on the SPY system. I am totally out now. Scaled out the last several days. 

    just remember sometimes those bear

    Posted by matt on 24th of Jun 2022 at 02:40 pm

    just remember sometimes those bear long, RSI oversold, Bear Exhaustion will catch some real big trades. Most of them are short term reversion to mean, but once in a while you get one that manages to catch a 1 - 2 month trade and can enter again at higher prices. Not sure if we get that this time but anything possible

    Yes love the system trade

    Posted by srusso1 on 24th of Jun 2022 at 12:13 pm

    Yes love the system trade big $$$$

    Same here.  Until now I've

    Posted by patellee on 24th of Jun 2022 at 01:10 pm

    Same here.  Until now I've just been doing plain ETFs; going forward I am going to also try the Options.

    I use the 3x etf

    Posted by fundamentalvalues on 24th of Jun 2022 at 01:28 pm

    I use the 3x etf it is kind of the in between road for me between a regular etf and options. That's what I love about trading and investing, it evolves over time, I get to grow as a person, trader, investor, and make choices based upon my plans that fit at this point of my life. 

    Years ago I would have never considered using leverage. It took years for me to figure out what my lane was and to stay in it because that is me. I only consider certain things to trade and instruments. That is sectors and indexes. And I'm usually using leveraged etfs for trading. I can only be me and be comfortable with what I'm comfortable with. Who knows maybe I'll try and options trade at some point. I know many here use them and have plenty of other friends who use them as well. I'll start small if I consider it. Less is more. Glad to see everyone profiting here in their strategies. 

    Very well said. I learned

    Posted by kevindeng0727 on 24th of Jun 2022 at 01:39 pm

    Very well said. I learned a lot from Upstart Minervini on this point. Just sit out when trend is not clear and bet aggressively when you shoud (like a wave 3 or morning session of a trend day)

    The ole Bear Long turned

    Posted by jared95 on 24th of Jun 2022 at 11:46 am

    The ole Bear Long turned out to be a good trade!  Should have stayed faithful, but took quick profits...food for thought next time.

    But remember the old adage--no

    Posted by 24kau on 24th of Jun 2022 at 11:51 am

    But remember the old adage--no trader ever went broke selling at a profit.

    They did if they have

    Posted by focus175 on 24th of Jun 2022 at 11:58 am

    They did if they have more losses then wins and smaller wins then losses lol. Aka, the old saying isn't blank and white.  You  still need positive expectancy in your strategy for it to be true.

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