Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Today was the second day this week buy the close sell the open made you money. Its not that hard folks. It may be a little more difficult in a mixed market like we've had this week. Meaning the DOW gaps up on open while Naz gaps down. Trust me it won't last long. Things will get back in sync.
Buy the cash close sell the cash open. Make money while you sleep. Let the chumps fight for crumbs during the cash equity market day session.
Buy the cash close sell the cash open. Make money while you sleep. Let the chumps fight for crumbs during the cash equity market day session.
So easy making free money while you sleep. Wake up pour some coffee, turn on the ole desktop and cha ching $$$$$$$$......close out long position, play some golf, go fishing. Let the sweaty palm tick banger try and scratch out some coins.
I think you're on to a great strategy. This would have worked great since April. I'll test small size buying SPXL TQQQ into the close and sell next day's premkt gap. Innovative idea, thanks!
Can someone please backtest that? eg buy SPXL at 4pm sell next day 9:30am for the last 8 weeks
Don't let Rick fool you into the slippery slope of how bad it can fail. You ever notice how Rick never posts a loss? That is because he disappears during bear runs.
He never posts how BADLY the strat fails when it does. He's like everyone else...BIASED.
During every 10-30% drop, Rick does not show you how much he lost using this strat, and how long it took for him to make back the money and get back to BE.
I will say this though...When he came back to posting earlier this year, he did admit that he lost a bunch of money, most likely during the Q1 drop of this year, but said he "survived".
Indeed. We enjoy his zero $$$ free risk though. A staple!
Thx.... I'll test with tiny size and a halfsize hedge, for a couple weeks. Will buy 10 SPXL and 5 SDOW daily right before 4PM and sell premkt the next morning.
That's an easy test. A variation to test is use trailing stop for premkt gaps in the morning. That combines my etf arb/hedge strategy with the buy close sell open.
Trailing stops on both the long and inverse lets the winner run, if there's a trend either direction.
I'll post results. I think it might actually work, thanks to the addition of hedge with trailing stops.... cautiously optimistic now
With so many choppy days that don't trend, it makes sense to focus on s&p overnight gaps in addition to in-market price action plays.
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I'll post results. I think it might actually work, thanks to the addition of hedge with trailing stops.... cautiously optimistic now
With so many choppy days that don't trend, it makes sense to focus on s&p overnight gaps in addition to in-market price action plays.
I'm cautiously optimistic also. I left 100 points on the table today after exiting this morning at 11780ish. I re-entered at 11897.25 a bit ago (Mar 2021), to capture the "uber overnight move that is zero risk free." I wonder if Rick did something similar.
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What about the previous 20 days? So when 20 days of it fails, you need 20 days of it to work to get back to BE.
Not a great strat.