Recent content by shodson

No, it's an x-day hi/low breakout strategy, filtered by a bullish/bearish regime as defined my two moving averages (fast > slow = bullish, fast < slow = bearish), and an x-multiple ATR trailing stop. See the book for details since I read the book years ago and don't remember all of them.

If you're looking for a book on trend following my favorite is Andres Clenow's "Following the Trend" from 2012 http://amzn.to/2a50wJj He reverse-engineers CTA returns and determines most trend-following CTAs are using the same trend following rules, they just allocate across asset classes...

In an effort to be productive, I did a backtest of a long straddle pre-earnings. We know IV will rise up into earnings. The question is whether or not the rise in IV plus any moves in the underlying will compensate for theta decay to the point where the structure could be profitable. This is...

Sorry for posting off-topic. I won't post about short straddles anymore. I would think that any time IV in a stock is low and you may foresee that IV may rise and/or the underlying may make a large move in the future then a long straddle may be appropriate. Now the trick is when to find when a...

Updated results from my original post. This is one full month's results. I'm still playing with and learning from this (with a real-money account though). I may have done even better if I hadn't been on vacation off the grid the last three days when we had a lot of earnings releases. I'll have...

I trade my NADEX account solely using their app, my account is up 40+% this year. I have other accounts at other brokerages which I trade on PCs and servers, but I prefer using the NADEX app over their web interface.

For some, a 41% return with very minimal risk exposure to the market is superior to a 50% return requiring 100% of my capital invested in the market 100% of the time. I'd rather have a sum of multiple strategies that all underperform the market, individually, but in aggregate and on a...

You can't just go selling any old straddle before earnings, you need to have the right conditions in front of you to increase your chance of success. As far as buying straddles, I've heard of some people buying straddles about 2 weeks before earnings with some success, then selling them right...

MU moved 10% and I still made money. You're selling a vol crush. It'd have to make some pretty big moves to take a big loss, but it can happen. Always remember: "anything can happen." That's why you have to play these small.

no, holding 1 night only (through the earnings announcement) - sell the straddle before earnings, buy it back the next morning after earnings

I've recently started selling straddles right before earnings announcements. Here are my results so far I have a few rules 1) I only sell contracts that expire the same week as the earnings announcements 2) I only sell the front month 3) the implied vol on the front month must be at least 50%...

An anti-martingale position size would halve your position after a loss, not set it to 0, so the change is (result == win) ? bet_size *= 2 : bet_size /= 2;

We have a meetup here in Orange County, CA, USA that meets regularly. Check it out. http://www.meetup.com/Orange-County-Traders-Association/

Coming to this thread a little late... I have been following Big Mike before it was a forum and it was just a blog, mainly because I was interested in advice on learning how to program Ninjatrader. Then he launched the forums. Then the Elite section which was "pay what you want" so I think I...

I use $TICK in Tradestation, see attached screenshot