My Simple Profitable Strat: "ET Contrarian"

monday trades:
BOT 200 IWM false Stock 63.34 USD ISLAND 06:32:32 0.24

SLD 1 IWM true Strangle: + (1) DIW 100320C00065000 + (1) DIW 100320P00061000 1.28 USD SMART 06:40:23 1.63

Results from 1st week: -$24 (strangle) -$3.5 (comm) = -$27.5 or -0.45% (based on total exposure of 200 shrs)

Not a bad result considering the fact that the Strat was totally wrong about the market direction (which was +2.85%! Tue thru Mon).
:)

for this week i am short one strangle, maybe wrong about the direction as well given the violent move today. Tue portfolio:
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Quote from shortie:

I will commit my hard earned money to the experiment.
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dunno why. that is the sign of an inexperienced trader. Serious traders seriously test things first, they don't flush their trading capital chasing after an unproven idea...
 
Quote from TraderZones:

dunno why. that is the sign of an inexperienced trader. Serious traders seriously test things first, they don't flush their trading capital chasing after an unproven idea...
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you are right.

but i want to forward-test my hypothesis and maybe improve on it as i go along due to the excellent feedback of the experienced traders like yourself.
 
Quote from shortie:

you are right.

but i want to forward-test my hypothesis and maybe improve on it as i go along due to the excellent feedback of the experienced traders like yourself.
More...

you don't have to forward test with money. There are ways to simulate.
 
Quote from TraderZones:

you don't have to forward test with money. There are ways to simulate.
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i know, but i want to have fun while i hang our here with the ET crowd.
 
Bull, Bear or Neut Next Week?
Bull 16 30.77%
Flat 13 25.00%
Bear 21 40.38%
Yawn... 2 3.85%
Total: 52 votes 100%

The poll is somewhat bearish so I will get long on Mon. Maybe I should only buy 50 shrs since there is not much conviction among ETers. I clearly need a test on significance of these polls.
 
BOT 1 IWM true Strangle: + (1) DIW 100320C00065000 + (1) DIW 100320P00061000 0.85 USD SMART 06:41:44

BOT 50 IWM false Stock 63.69 USD SMART 06:42:14 0.71

up $20 midday on my long IWM.

i really want to take the profit, but until i have worked out a reasonable exit strat, i will stick to my timed exit after 1 week.
 
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