looking for a new system....

[Simples]

You're right puns are not jokes they are serious. Now orange you glad I didn't say banana? (Note: the previous statement was not a joke)

I got your joke man.

It just wasn't so funny as this!

 

[Manny Mendelson]

I have a number of fairly unglamourous systems that have worked for me. I posted about one on the thread linked below. All results are from real-time trades. The market is cruel and there are no guarantees. check out the thread if you like and feel free to contact me. Thread:
https://www.elitetrader.com/et/threads/is-this-strategy-marketable.312250/#post-4507567

 

[aquarian1]

I want to find a new trading system that is extremely profitable and I was wondering if anyone had a good system for me. The only thing is that I don't want a system where I have to put in effort. I want large results without all the Hassel of putting in a bunch of time and effort.

I want ..

 

[Steve Alexander]

I want to find a new trading system that is extremely profitable and I was wondering if anyone had a good system for me. The only thing is that I don't want a system where I have to put in effort. I want large results without all the Hassel of putting in a bunch of time and effort.

I take your request as serious, and I have a suggestion for you. This system takes perhaps 5 minutes every week or so, and it makes over 1000% ROI in back testing over the past year. That means that if you trade with real money, you'll probably make 200% ROI, assuming the market does something similar to what it's doing now.

So here it is: Use a QQQ daily chart. Buy a QQQ call, at least 60 days out, with a current strike price at least $1.00 in the money. For example, if QQQ closed at $157.37 yesterday (which it did), you buy March $156 call options. Buy as many calls as your risk tolerance dictates. That's a discussion for another time.

Enter an order to sell your options at approximately 20% above what you paid for them. For example, if you paid $4.26 for the calls, enter a sell order at $5.11.

When your options sell, do it again.

When the market crashes, as many are predicting, this won't work, but as long as we're in a bull market, it works fine and takes very little time.

P.S. Do you know someone named Biff?

 

[lawrence-lugar]

Use a QQQ daily chart. Buy a QQQ call, at least 60 days out, with a current strike price at least $1.00 in the money. For example, if QQQ closed at $157.37 yesterday (which it did), you buy March $156 call options. Buy as many calls as your risk tolerance dictates. That's a discussion for another time.

Enter an order to sell your options at approximately 20% above what you paid for them. For example, if you paid $4.26 for the calls, enter a sell order at $5.11.

When your options sell, do it again.

That system won't work;
With options you need relatively precise directional and volatility prediction abilities. in the here and now. -- Anything beyond a couple of weeks is basically just for a basic hedge/insurance.

This will just fizzle out like soda bubbles becoming flat. -- it's hard enough to simply say Sell for profit at 2, and sell at a loss for 1...rinse and repeat for market riches. But it doesn't easily workout like that in the real world.

If you don't have the ability to predict and/or manage the daily chart of whatever you trade...you should just be a buy and hold, long term investor.
Trading is part art, part science.... this logic kind of applies to the Macro market. SPY/DOW. -- for individual stocks, it's more like completely art.

Merry New Year 2018, SA

 

[ironchef]

That system won't work;
With options you need relatively precise directional and volatility prediction abilities. in the here and now. -- Anything beyond a couple of weeks is basically just for a basic hedge/insurance.

This will just fizzle out like soda bubbles becoming flat. -- it's hard enough to simply say Sell for profit at 2, and sell at a loss for 1...rinse and repeat for market riches. But it doesn't easily workout like that in the real world.

If you don't have the ability to predict and/or manage the daily chart of whatever you trade...you should just be a buy and hold, long term investor.
Trading is part art, part science.... this logic kind of applies to the Macro market. SPY/DOW. -- for individual stocks, it's more like completely art.

Merry New Year 2018, SA

Should work in the bull market of 2017. But 2017 is almost over.