Posted by spytrader on 7th of May 2014 at 04:02 pm
Just started BPT recently, looking to fine-tune my system. I've
also been using long SPY options, $2 ITM, 30-60 d until expiration
and have been closing with profits of 20%-ish. Sounds like you are
going OTM? Also, how are you managing stops? I've been moving them
to b/e at 10% gain but I'd love to know if something is working
well for you too.
Posted by spytrader on 9th of Apr 2014 at 10:36 am
Matt/Steve, up about 10% on SPY
system trade from 4/7 due to playing calls vs. straight shares,
thanks, great trade. Do you guys still leave hard stop at 10% in
this case or tighten it (maybe to b/e) when sitting on nice profit.
I'm using single-entry/exit, not scaling out. TIA for your
thoughts. Sorry, first post went to wrong spot.
Posted by spytrader on 9th of Apr 2014 at 10:31 am
Matt/Steve, up about 10% on SPY system trade from 4/7 due to
playing calls vs. straight shares, thanks, great trade. Do you guys
still leave hard stop at 10% in this case or tighten it (maybe to
b/e) when sitting on nice profit. I'm using single-entry/exit, not
scaling out. TIA for your thoughts.
Posted by spytrader on 26th of Mar 2014 at 08:48 pm
i'm guessing we're waiting on a long trade in SPYPro but market
seems toppy and that maybe the MA Deluxe will turn red soon. What
to do if the 2 signals long vs short conflict? Has that ever
happened? Would love to hear your thoughts, thanks!
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Using options to trade
Posted by spytrader on 7th of May 2014 at 04:02 pm
Just started BPT recently, looking to fine-tune my system. I've also been using long SPY options, $2 ITM, 30-60 d until expiration and have been closing with profits of 20%-ish. Sounds like you are going OTM? Also, how are you managing stops? I've been moving them to b/e at 10% gain but I'd love to know if something is working well for you too.
go SPY!
Posted by spytrader on 1st of May 2014 at 11:30 am
great reminder and so true
Playing Good Defense as a Trader (Investor)
Posted by spytrader on 29th of Apr 2014 at 08:40 pm
got it, thanks
Meaning of SPX 3, 5 etc?
Posted by spytrader on 28th of Apr 2014 at 12:08 pm
got it, thanks
Meaning of SPX 3, 5 etc?
Posted by spytrader on 28th of Apr 2014 at 11:57 am
Sorry for the silly question but what does it mean to say SPX 3 or 5 etc. in the title? Is that a wave count or something?
SPY Short
SPX 5 with Fibs
Posted by spytrader on 15th of Apr 2014 at 10:32 am
Good low-risk spot for SPY short, with BPT MA deluxe being red?
Stops on SPY Pro Options
Posted by spytrader on 9th of Apr 2014 at 10:36 am
Matt/Steve, up about 10% on SPY system trade from 4/7 due to playing calls vs. straight shares, thanks, great trade. Do you guys still leave hard stop at 10% in this case or tighten it (maybe to b/e) when sitting on nice profit. I'm using single-entry/exit, not scaling out. TIA for your thoughts. Sorry, first post went to wrong spot.
Stops on SPYPro Options
Posted by spytrader on 9th of Apr 2014 at 10:31 am
Matt/Steve, up about 10% on SPY system trade from 4/7 due to playing calls vs. straight shares, thanks, great trade. Do you guys still leave hard stop at 10% in this case or tighten it (maybe to b/e) when sitting on nice profit. I'm using single-entry/exit, not scaling out. TIA for your thoughts.
BPT Deluxe MA vs SPYPro
Did the BPT MA Deluxe turn RED?
Posted by spytrader on 26th of Mar 2014 at 08:48 pm
i'm guessing we're waiting on a long trade in SPYPro but market seems toppy and that maybe the MA Deluxe will turn red soon. What to do if the 2 signals long vs short conflict? Has that ever happened? Would love to hear your thoughts, thanks!