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7/21: SPY: $3,222 hedge: -$1031.80

7/20: SPY: -$90 Hedge: $328.30

100% was the cutoff when I was doing it intraday. The leverage is so high that you have to do it that way.

There are a few ways that vary a bit based on when you enter. I'm in the process of writing all of this out. If you set the stop loss as the 100% line, then yeah that would be multiple losses. As I mentioned in this thread, for my current SPY position I wasn't planning on closing it out...

7/19: SPY: $54 hedge: $281.40 Both are positive right now, albeit not by very much.

I hope you guys all got the sarcasm in that previous post. There is only one way to trade with Fibonaccis, and it is the way I am doing it in this thread. It has nothing to do with predictive power, magic percentages, or sea shells. Sorry to burst your bubble :(

7/18: SPY: -$3,762 hedge: $1,876 It seems that SPY made a candle formation today. Doesn't that mean it should go back up? But wait, I have some great news for the Fibonacci crew. Did you guys notice this? If you start at the lowest low in recent swings, and draw the line up to...

7/14: SPY: -$3,186 hedge: $1,641.50

7/13: SPY: -$1,944 hedge: $1,031.80

7/12: SPY: -$2,340 Hedge: $1,313.2 Depending on where price is when you enter the hedge, there are a few different ways to play it. I'll go into more detail later when I have more time.

7/11: SPY: -$1,314 Hedge: $914.55

7/7 SPY: $4,788 Hedge: -$1,477

8 up days in a row for the Nasdaq :eek: Anyone know when the last time this happened was?

I cannot believe this little rally! SPY: $5,148 hedge: -$1,618.05 If price doesn't go back down, I'm gonna end up taking a loss on the hedge (although still net profitable on the trade). Should've closed it when it was +$5,000 but I didn't know where price was going to go and I also...

No. There are a few different ways to size/scale the hedge, but I always do it such that I cannot have a net loser if the hedge goes against me. I'll talk about some of them later when I have more time.

7/5: SPY: $1,998 Hedge: -$328

When that happens, then your profits from the original position are reduced a little.

I don't follow the news. Did they default on loans or something? political drama? Something else? I just know it was a good buying opportunity.

Seriously. I wonder if it will continue. I'd still like a drop to 124 so I can buy more before we go back up, but we will see.

I'm busy unpacking at my new place. Cliffs Notes on those guys?