Fundamentalvalues, I look forward to your posts on trading
strategy. Your approach to trading mirrors mine. Back in 2015 Matt
sold me and a few others the ES system which so many of us use. In
the first year I did very well but not as well as in 2016 and 2017
where I managed 50% and more on my trading accounts. The only
problem was boredom/greed. Not enough trades, so what did I do, i
thought I would be able to walk on water and started trading Forex
with robots and also started trading the SPY/ES on 5 min bars. Wind
the clock forward to January this year when I once again took stock
and found that my profits were being made only using the SPY/ES
system and also trading End Of Day bars on a basket of ETF's.
Have been riding this bear market with great success thanks to
Matt/Steve who warned us early in the year. I placed a large number
of options trades on SPY/QQQ (and their leveraged partners). I
prefer vertical spreads and was fortunate to get many trades with a
10:1 ratio which are now making the cash registers sing!
Please keep posting and good luck with your trading!
Thanks Mundy, Sounds like some really great insight you've
gained while working on your strategy. I'm glad to hear your having
a good year!
I appreciate you sharing with me and hearing me. I find sharing
my plan notes keeps me focused and executing consistently. I relate
to less often being more. As is often pointed out here, the reason
is because the money is made during certain times of the year.
Paying attention on market closes for me and setting a few alerts
earns the right to buy and sell in the best conditions when they
present themselves.
It's a great service to get the system notifications. Easy to
follow, only trade when notified, and go back to enjoying life.
Matt and Steve do a great job.
Today my wife and I did a tour of the Braves baseball park
(Truist Park). I got to sit in the dugout, almost called the
bullpen haha
I'm not a daytrader so no need to sit and watch all the ticks.
The one resource I have to manage best is time. Time is most
valuable and limited. I appreciate you!
Early in the year both Matt and Steve did a great job of warning
us that the market was going to tank big time. In April I looked at
a number of leverageD positions on both SPY and especially on QQQ.
The market at the time was at +-4300/4400 and I placed
November/December spreads at around 3600/3700. These cost say $200
to place and the upside was capped at $2000 which is the 10 to 1
ratio. The highest ratios were obviously for the leveraged
positions such as SPXU, SQQQ, TQQQ, SPXL, SH and SDS.
Hi Mundy Do you mind sharing how you strategize your spreads.
Right now I have one account dedicated to systems and I just
blindly follow them. But I always like to learn new ideas with
options / spreads.
Thanks in advance!!
Fundamentalvalues, I look forward to
09/22/2022-My Trading/Investing notes: There is often a lot of discussion ...
Posted by mundy on 22nd of Sep 2022 at 05:40 pm
Fundamentalvalues, I look forward to your posts on trading strategy. Your approach to trading mirrors mine. Back in 2015 Matt sold me and a few others the ES system which so many of us use. In the first year I did very well but not as well as in 2016 and 2017 where I managed 50% and more on my trading accounts. The only problem was boredom/greed. Not enough trades, so what did I do, i thought I would be able to walk on water and started trading Forex with robots and also started trading the SPY/ES on 5 min bars. Wind the clock forward to January this year when I once again took stock and found that my profits were being made only using the SPY/ES system and also trading End Of Day bars on a basket of ETF's.
Have been riding this bear market with great success thanks to Matt/Steve who warned us early in the year. I placed a large number of options trades on SPY/QQQ (and their leveraged partners). I prefer vertical spreads and was fortunate to get many trades with a 10:1 ratio which are now making the cash registers sing!
Please keep posting and good luck with your trading!
Thanks Mundy, Sounds like some
Posted by fundamentalvalues on 22nd of Sep 2022 at 08:23 pm
Thanks Mundy, Sounds like some really great insight you've gained while working on your strategy. I'm glad to hear your having a good year!
I appreciate you sharing with me and hearing me. I find sharing my plan notes keeps me focused and executing consistently. I relate to less often being more. As is often pointed out here, the reason is because the money is made during certain times of the year. Paying attention on market closes for me and setting a few alerts earns the right to buy and sell in the best conditions when they present themselves.
It's a great service to get the system notifications. Easy to follow, only trade when notified, and go back to enjoying life. Matt and Steve do a great job.
Today my wife and I did a tour of the Braves baseball park (Truist Park). I got to sit in the dugout, almost called the bullpen haha
I'm not a daytrader so no need to sit and watch all the ticks. The one resource I have to manage best is time. Time is most valuable and limited. I appreciate you!
Can you explain 10 to
Posted by watcdy on 22nd of Sep 2022 at 07:56 pm
Can you explain 10 to 1 ratio
Hi Watcdy, Early in the year
Posted by mundy on 23rd of Sep 2022 at 01:32 am
Hi Watcdy,
Early in the year both Matt and Steve did a great job of warning us that the market was going to tank big time. In April I looked at a number of leverageD positions on both SPY and especially on QQQ. The market at the time was at +-4300/4400 and I placed November/December spreads at around 3600/3700. These cost say $200 to place and the upside was capped at $2000 which is the 10 to 1 ratio. The highest ratios were obviously for the leveraged positions such as SPXU, SQQQ, TQQQ, SPXL, SH and SDS.
Hope that helps.
Hi Mundy Do you mind
Posted by arun on 22nd of Sep 2022 at 06:57 pm
Hi Mundy Do you mind sharing how you strategize your spreads. Right now I have one account dedicated to systems and I just blindly follow them. But I always like to learn new ideas with options / spreads.
Thanks in advance!!
Arun, I have prepared a
Posted by mundy on 23rd of Sep 2022 at 01:20 am
Arun, I have prepared a spreadsheet which I use for all the signals. My e-mail address is mundy@iafrica.com if you are interested.
Explaining all the strategies would be too long for this thread. We can have a skype/teamviewer session if you are interested.
I will email . Thank
Posted by arun on 23rd of Sep 2022 at 06:41 am
I will email . Thank you