ES Journal - 2017/2018
- Thread starter Buy1Sell2
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Yeah, no worries. That's where I catch the moves on SPX. I have those five symbols and BA with the VIX, SPX, and COMPX. 5-of-6 is pretty compelling....and actually, it looks like BA fell in line too (it lagged about 4 mins, it seems).
But I am generally too early as I have to average down the most I can so in high probable case it becomes a "break even" trade, I clean up on the averaging down. Like getting short at 68, I added 6 levels above, risk stays the same but the exits always base on original entries.
I'll think about getting long above 2670 and short below 62. Think about it is operative word, need see some other things align too.
I was on the fence already with what looked a lot like a range bound triple top. So, a tiny nudge was all it took for me to keep the bird-in-hand.
I developed software for self that looks for identical stock patterns that either by itself or one is identical going up as one is going down, then sell options around them, very fun. Also for longer term commodities trading, for markets that don't have options, I will use a optionable stock that uses the commodity and has same pattern so I can hedge, anything over 29 minutes timeframes get hedged cause I am often too early. But based on the hedges, my risk is nil for long term and keeps drawdowns to very min, so I can actually make less in percentages than S&P Index but end of the year do so much better than the Index cause lack of drawdowns as the Index, I don't know why this took me 32 years to think this up...am dumb I guess, yuk yuk yuk
Wow...that's actually really similar to what I do....manually. Right now I'm actually playing some oil names similarly to that--though not doing hedged / contra-positions (just buying underperfomers and selling over performers--got long when oil was above $69...taken more profits off than I'm showing unrealized right now and VERY built in). Options is my bread and butter (and why I have those charts so I can catch systemic moves vs. isolated ones), so I'm just looking for cheap ones all day and selling expensive ones.
...makes me wonder....are you short FSLR puts too?
Wow...that's actually really similar to what I do....manually. Right now I'm actually playing some oil names similarly to that--though not doing hedged / contra-positions (just buying underperfomers and selling over performers--got long when oil was above $69...taken more profits off than I'm showing unrealized right now and VERY built in). Options is my bread and butter (and why I have those charts so I can catch systemic moves vs. isolated ones), so I'm just looking for cheap ones all day and selling expensive ones.
...makes me wonder....are you short FSLR puts too?
Nice thing about automation, you can follow unlimited stocks/eft's/commodities/options/diff contract months etc, system normally has over 250 option decaying trades and it take too much time to see what is live, but I use 13 sectors and try to diversify out of those with heavily weight applied to big bulky companies that don't move much. My timing in options is decent compared to scalping am early, but in very long term commodities, future wise I do 5-15% correct trades per year going back to 1991, but if it wasn't for hedging, would not be trading long term commodities as risk be way too much.
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