News release strategy/ (watching charts with eyeballs is not necessarily a hedge...)

Concinnity said:
He just asked "why stay out of news releases, that is where quick money is made". Pretty sure he either doesn't want to learn PA setups or doesn't have the will to. But unless I am mistaken with all your latest post it seems like you're looking for some type of protege project , this may be a good choice for you, will have your work cut out for you. Keep you real busy.
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Fj is no stranger, lol.
Here's the great part, that's not a rhetorical question when he says "why stay out of news releases, that is where quick money is made". Dude must have a few dent repairs on his big ol brass clankers, lol.
He ain't about to rules based trade. Mark my words. Doing stats is not in his blood.
Somebody else may read that and think, 'It cant be that simple. ...canit?' Go see. lol.
 
easymon1 said:
Fj is no stranger, lol.
Here's the great part, that's not a rhetorical question when he says "why stay out of news releases, that is where quick money is made". Dude must have a few welding repairs on his big ol brass clankers, lol.
He ain't about to rules based trade. Mark my words. Doing stats is not in his blood.
Somebody else may read that and think, 'It cant be that simple. ...canit?' Go see. lol.
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I've turned $35,000 into $47,000 since the Jackson Hole speech. So whatever I've been doing lately has been working (knock on wood cause this morning was almost a disaster).

I have decided to only trade S&P Futures. No more currency pairs. I may consider commodities in the future after finishing a book I'm reading. I may completely change to options on index funds as well.

I'm not opposed to algorithmic trading if it works. My current brokerage (Schwab) won't even allow that. I would have to change brokerages.
 
farmerjohn1324 said:
I've turned $35,000 into $47,000 since the Jackson Hole speech. So whatever I've been doing lately has been working (knock on wood cause this morning was almost a disaster).

I have decided to only trade S&P Futures. No more currency pairs. I may consider commodities in the future after finishing a book I'm reading. I may completely change to options on index funds as well.

I'm not opposed to algorithmic trading if it works. My current brokerage (Schwab) won't even allow that. I would have to change brokerages.
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"I've turned $35,000 into $47,000 since the Jackson Hole speech." Fj, what has that to do with the topic of this thread - "why stay out of news releases, that is where quick money is made"?

Are you purposly skirting the question's response that I posted?
No problemo. Just post something like Not Interested, lol.
Save us both time, my man.
 
farmerjohn1324 said:
So what would have been a better strategy in advance of that news release? Vertical option spread that would limit my gains and hedge losses? Covered call/put? I was considering not being in trades until after the news release, but since I couldn't react as quick as the market, then I wouldn't have gained anything (other than the $10,725).

Thoughts?
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Hedging a measly $10,725 is not worth the effort IMO. You would be better off just closing the position and reenter.

IMO you seem to be after some holy grail that doesn't exist. Yes, some trading strategy do work better than others. But it ain't something you can earn for free by merely asking for it on a public forum.
 
schizo said:
Hedging a measly $10,725 is not worth the effort IMO. You would be better off just closing the position and reenter.

IMO you seem to be after some holy grail that doesn't exist. Yes, some trading strategy do work better than others. But it ain't something you can earn for free by merely asking for it on a public forum.
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I am really not trying to pick on him, just being factual. It's unfortunately worst for him than others, because even if someone did give it to him for free, he wouldn't believe it's real or works.
 
farmerjohn1324 said:
Why stay out of news releases? That's where quick money can be made. That's how I doubled my $13,000 in 4 days back at the Jackson Hole speech.

I thought it was a general "trading strategies" question.
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An easier thing to do would be go to the casino and put everything on red or black.
 
Concinnity said:
I am really not trying to pick on him, just being factual. It's unfortunately worst for him than others, because even if someone did give it to him for free, he wouldn't believe it's real or works.
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Stop pretending you're successful. I've been trying to ignore you since you started replying to my threads.
 
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