It's not working tonight! What is your stop? Where is your final risk cop-out point? 60 points? 200 points? 500 points?
There is no risk, remember?
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
It's not working tonight! What is your stop? Where is your final risk cop-out point? 60 points? 200 points? 500 points?
There is no risk, remember?
Most won't listen and or they are to afraid to pull the trigger. After watching this for 15 years you start to believe.
Cheers!
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.
It doesn't work every time. Use risk management.
Right... I'll wait til first green day next week to test. Market is extended up here and dropping, maybe for a few days..
Only trades I did today were buying inverses UVXY SDOW TZA etc premkt for swings in case selling continues into next week
Bullshit. You said to just buy at close, sell at open. WTF does risk management have anything to do with this?
BUY AT CLOSE, SELL AT OPEN.
It is plain as day. No stops, no targets. You just BUY at close, SELL at open, no matter the in between. Did you notice how it is not working so well? I assume you have, because you have not been posting your sim ladder of 4-6 contracts, and how risk free it is.
Dude, stick to your plan, and do not budge from it! And show us your losses, because we real traders who watch the charts day-after-day, and night-after-night, see what happens. We post our losses, and we post our gains. We do not cherry-pick winners and never show losses!
I'm long at 11832.75 on MNQ Mar 21. You with me, babe?
Four gap up on the open for the week. Most of the moves occur in the overnight futures session folks.
HUH???
I don't buy shit overnight and sell.. I'm long since the year 2007 when this thread first started and keep adding to my position
DOW 40k!!!
I love 100% up room to go with zero risk free money since 2007 that I've been posting for the last 13 freakin years right here!!
Did you buy 13 years ago when this thread was first started...
Trade?? . who the fark needs to trade buy, buy buy and hold .... buy buy some more..
sell some when you need cash to buy yachts, cars, women.. etc..
FREE MONEY $$
Ka Frigging Chingo $$$$
MRMARKET is HUUUUGEE!!
Congo Rats, Mr. Moneybucks. I'm glad you survived 2008-2009.