Steve, much appreciated with those levels on SPX ; is there any
way you can correlate the levels to the ES as well cos i follow the
ES more but trade spy options,; i also pay very close attention to
your ES upside and downside levels that you have listed above.
When I get better, i would like to trade SPX options, but
they are much more expensive. Thanks for all you do to help
us.
No as SPY options have other factors that impact their
performance and even if you are correct in direction can lose
money. If you are trading such options you need to formulate
a plan that make sense for you. My advice is to take time and
prepare a gameplan each night based upon YOUR methodology.
You can incorporate key levels into that plan if you find
them useful.
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Steve, much appreciated with those
Volatility systems
Posted by imelhoe on 7th of May 2023 at 10:37 pm
Steve, much appreciated with those levels on SPX ; is there any way you can correlate the levels to the ES as well cos i follow the ES more but trade spy options,; i also pay very close attention to your ES upside and downside levels that you have listed above. When I get better, i would like to trade SPX options, but they are much more expensive. Thanks for all you do to help us.
No as SPY options have
Posted by steve on 7th of May 2023 at 10:41 pm
No as SPY options have other factors that impact their performance and even if you are correct in direction can lose money. If you are trading such options you need to formulate a plan that make sense for you. My advice is to take time and prepare a gameplan each night based upon YOUR methodology. You can incorporate key levels into that plan if you find them useful.