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Same exact scenario with Russell, except that it tagged the channel top last Friday and rolled over.

After Jan 1, 2017, all of those things will most likely become a real concern.

Just saw this post and I think that it's a pretty good one. Just curious if you ever start with the long vertical and then add the short vertical as it moves in your favor

Yes, I understand that, and realistically "liquidity" isn't what it used to be...

I'd imagine that it's more targeted at breaching key levels at off hours and creating a cascade type effect in certain markets.

Interesting..so maximum bagholder offloading planned by April 2017.

Right, I understand...I'm just saying that these one directional moves create the sort of emotions that make it very easy to do something stupid.

This is why you bought TNA at $90 and held to $35

Don't tell me you place trades with this frame of mind?

You sound like a conspiracy nutter.

That's the biggest problem that I have with "one size fits all" options strategies. The massive collection of youtube video's seem to encourage this "can't predict the market" so just sell these options here and here... I'd still argue that one has to make a directional bet in some form...

I haven't perused the other couple of dozen threads with the same OP talking about this strategy, so all I read are vague references to what he is talking about. Let's talk about what you did (or hypothetically did) during the week of December 5-9. ES range was essentially 2179.00 (Sunday...

In this environment, I'd rather trade smaller size for larger moves than vice versa. In the old days when the markets had more consistent movement, momentum and enabled you to trail a stop fast, you could probably trade the micro time frame's more confidently. But nowadays, the character of...

Yes, they will make "Generation Bailout" look tame by comparison.

While the Millennials are an annoying bunch, I do find it a bit telling that literally every older generation says that about the younger generation's. The "silent generation" said it about the "baby boomer's". The "baby boomer's" said that about the Gen X'er's, etc, etc...

Emotion is the enemy!

We're within a whisker of the top.

There are too many emotional pitfalls to implement something like this with any consistency..."rollover losing positions" = sounds fine in theory, very difficult for 90% of trader's to ever do...What constitutes a "losing position" (i.e. how far do you let it go against you before you "rollout"...

Good point there...Just last week, I'd bet good money there were at least some 10x losing short options positions...I'd always want to be on the other side of that trade. I'd rather buy $1 or $2 options a bunch of times and wait for the 10x winner, as opposed to the opposite. Max risk $1, the...

I can only imagine some "auto liquidation" algo triggering on some simulated Saturday data...