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what was the pattern again, all i get from the link is a straight line thank you

If the market shoots to 130 i made a maximum profit of 230.00 on 1 put. Had i bought 100 shares of spy at 118.12 the profit would be 130-118.12 * 100, vastly superior to 230 bucks about FIVE times superior. The profits are very much limited selling the puts if things go right.

Atticus, Can you please elaborate on this? "Strike - premium = average price on assignment" I would like to understand the details of the procedure to do it correctly. Thank you for taking the time.

This thread is similar to the chicken and the egg dilemma :D

Ok, after a 20% correction, you wait 2 years until your first purchase, unless a new HH is made, in that case, everything resets and you need to wait for a new 20% correction from the new highs and 2 more years. Please confirm and thank you.

It's interesting to see how long term holds in ET have no favoritism yet it's how I make the money only to lose some of it in trading. Go figure.

heh that is funny

It's no secret to traders and investors that US Markets has gone nowhere in the past 10 years. IMO, consolidation before the new leg up, inflation alone will give us the breakout.

The dividends better be enough for food then :p

Some SPX Levels I had in mind for buying 1000 850 600 500 450 300 Yes, a little dramatic but better be safe than sorry, the idea is to not lose.

The only downside, assuming you don't use margin, is that you get filled on a very small position then the rest of your money never got invested and you are now back to square one.

Interesting and not very far from what I do. Top was 1375 less 20% that places us at 1100 so based on your strategy the DCA began last week for a first position. Funny enough that first position is aprox 75 points green now, albeit on just 1 unit. Any input on how to spread the...

With the dividend payment I'm not sure that's accurate but will let you confirm.

I was in a hurry when I wrote my last post, therefore I will elaborate on this statement. We never got back to those 1500 levels but the amount of profits I made accumulating on the way down in 2008 and 2009 was probably the best investment I ever made. I just plan to do a bit of the...

My trading returns are too abysmal to commit good capital to trading otherwise I would forget about long term stuff and just do that. Unfortunately, I'm not part of the Elite in ET as far as daytrading goes :) FoN

All valid points except that dollar cost averaging in a flat market does work, provided there was volatility in between. As far as better long term solutions, what do you have in mind ? Only thing out there that I see rising is Gold but that's even less diversified within itself...

Imagine this say you got 50k in the account You buy 1 ES, no problem at all You buy 500 SPY @ current levels, now you paying interest rates on the borrowed leveraged above 50k That's quite absurd.

We are on the same page yes :) Just thinking out loud here heh

Yes and no, in the event of a nasty quick correction, you dont want your 1 ES liquidated but definitely capital to play with yes.

Yes but then again you got working capital due to the leverage of the instrument (ES) and you could obtain a 1.5% rate off savings as you wait for new fills making up for the difference and more.