How many strategies do you trade?
- Thread starter DTB2
- Start date
There are three major strategies, pullbacks, retracements, breakouts. I use all three when I swing trade options. Most times, you would have a couple of trades. I trade the setups I see be it pullbacks, retracements, breakouts. Of course, you have to decide which trades you will take because you cannot trade all of the setups you see!
Actually, I've been thinking there are only two trading strategies - trend-following and reversals. So you either buy because price is rising, or you sell because price is rising. After this, the details are matters of timing (including pull-backs from trends) and finding the most recognisable dependable patterns etc.
I find it very difficult to trade full scale reversals, just doesn't suit my personality and risk tolerance. Though on a small scale I do trade reversals because I frequently look to buy into an uptrend after a short downwards pullback, so a kind of mini-reversal.
I find it very difficult to trade full scale reversals, just doesn't suit my personality and risk tolerance. Though on a small scale I do trade reversals because I frequently look to buy into an uptrend after a short downwards pullback, so a kind of mini-reversal.
SPX trade is Bittman 2 step on the weeklies
SPY trade is selling a naked put once a month at what I determine to be significant support level.
Futures trade are going long or short on pullback, then continuation. Trend filter is a Triple EMA on daily or weekly chart
Front Ratio SPX puts and BWBs on ES options.
More than 30 strategies. I have a separate account for each one - allows for easy performance monitoring.
Are you manually scanning for opportunities for each strategy or automated?
Monitoring would be the easy part for me, finding the opportunities would be tough. (Part time trader)