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November 2012 mid-month trade update: 11-01-12 SPY NOV 143 puts Buy Limit: 1.85 (filled) Sell Limit: 2.40 Stop: 1.30 This trade was closed at breakeven (1.85) on 11-02-12. ------------------------------------------------------------------ 11-02-12 SPY DEC 145 Calls Buy Limit: 1.85...

Bracket order just filled: SPY DEC 141 Calls Buy Limit: 1.85 (filled) Sell Limit: 2.59 (+40%) Stop: 1.20 (-35%) if tanks before hitting profit, Buy Limit No. 2: 1.35 New Sell Limit: 1.95 (44% + 5%) Stop: 1.20 (-35% + -11%) Highest potential win: +49% with B1 & B2 fills Highest...

Bradson, I like your long/short idea on the best and worst performing sectors using etf's. Now here comes the hard part: finding the best sector in an uptrend that has pulled back to support, and the worst sector in a downtend that has rallied into resistance. Its hard to find them both...

trader198, Read the date (2/21/2012) when I entered that MT trade and then look at this attached chart of MT on 2/21/2012 (the trade entry date). Its a 3 month chart starting from December 1, 2011 to February 21, 2012. At that time (over 8 months ago), MT was in a short term uptrend. jeff

11-01-12 12:35 PM Program indicates a change of direction. Closed open trade: SPY NOV 143 puts at 1.85 (breakeven). opened new call trade: SPY DEC 145 Calls Buy Limit: 1.85 (filled) Sell Limit: 2.40 Stop: 1.30

I place buy "limit" orders. I really don't know how large an order effects fills. That's probable something atticus would know. I can say that the SPY options are so liquid (high volume) that it would probably take a very large order to prevent filling. Another thing is, most of my trades...

Put trend is getting old and tired, I can't believe the trading program spit out another put trade. This is a late day fill. Bracket order placed: SPY NOV 143 puts Buy Limit: 1.85 (filled) Sell Limit: 2.40 Stop: 1.30 Jeff

Here's an example of a pairs trade I did in Feb 2012 at the bottom of this page: MT was uptrending and pulled backed to a support moving average. The Target was a move up to the prior rally high and the stop was -20%. IYT just formed a 10dma/20dma bearish cross. Target was a drop...

October 2012 Completed: Updated October trades: 10-02-12 SPY OCT 146 Puts Buy Limit = 2.05 Sell Limit = 2.56 (+25%) Stop = 1.41 Closed trade on 10/2/2012: +25% -------------------------------------------------------------------------------- 10-03-12 SPY OCT 144 Call Buy Limit...

Placed the following bracket orders today: [ Trade No. 1 ] SPY NOV 142 Puts Buy Limit: 1.95 (filled) Sell Limit: 2.45 Stop: 1.17 [ Trade No. 2 ] SPY NOV 142 Calls Buy Limit: 1.35 (not filled yet) Sell Limit: 1.75 Stop: .95 Jeff

This is why I really like atticus, "A man of few words, but they are the perfect few words."

__________________________________________________ Hi Bradson, Wow! "You sound exactly like my me 15 years ago when I first started trading options." Just like you I decided on deep in the money options with 2-3 months on companies that charted well. I also used modest profit goals...

There are two keys to the dynamic: 1: Identify mathematical mini-trends (usually 3-9 days but exceptions can be longer or short), by measuring price gains or losses in call and put options and then applying those price gains or price losses to mathematical formula's that have proven over...

EliteTraderNYC, A friend of mine who reads this thread pointed out that you probably didn't mean "what was my worst drawdown from open trades," but you probably meant "what was my worst drawdown at anytime in an entire month." Assuming that's what you meant, the answer to the latter question...

My worst month was +5.13% account gain and my best month may be happening right now (+15.3%) this October 2012 if I don't catch any losing trades between Oct 29 to Oct 31. My worst account drawdown at any one point in time with open trades was -6% and that actually happened this month (10-10...

John, I don't trade stocks anymore. There was a time when I did, but tax preparation is messy having to itemize each stock's buy / sell price...dates..etc The most expensive tax prep I ever paid for was the last time I traded stocks (I always use CPA's). There is no advantage to...

Chuck, When my program doesn't spit out any trades for a few days (like the past 2 days), I do the same as you and trade the SPY 5 minute chart with Pivot Points. I scalped a call today (SPY 142C at 12:10pm et) at Support No. 1 (red line on attached chart) and exited at (2:30pm et) the...

Updated October trades: 10-02-12 SPY OCT 146 Puts Buy Limit = 2.05 Sell Limit = 2.56 (+25%) Stop = 1.41 Closed trade on 10/2/2012: +25% -------------------------------------------------------------------------------- 10-03-12 SPY OCT 144 Call Buy Limit = 1.74 Sell Limit = 2.24...

How has it been going trading the SPY and Q's ? Better or worse then individual stock options? Do you have any kind of trading system developed for the etf's? Jeff

Your right, some stocks do have similar attributes as the SPY, but there is a problem with an individual stocks that an index or etf doesn't have: Individual companies are constantly coming up with surprise news (good and bad) that usually occurs when the markets are closed. So if your...