Michael
Yes I did sign up for the free trial but have heard nothing since.
Yes I did sign up for the free trial but have heard nothing since.
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OEX weekly options
- Thread starter kalikahuna
- Start date
Michael
You want to send me the particular spread you got anyway? I´m curious.
You want to send me the particular spread you got anyway? I´m curious.
Michael
thanks for the stuff on those credit spread trades. I´ll see if I can find the time to work them out theoretically soon. The premiums kind of surprised me, as they are not what I envisioned. I´ll have to figure out what he is doing.
___________________________________
On my straight buying. This week I dropped all the credit spread trading for this week and am concentrating on straight buying of options. Two trades this week using a medly of several methodologies to come to a conclusion. Dealing with the 20 minute delay in prices was the hard part to figure out. So far this week I´ve won twice. 15% on invested capital this morning. 50% the other day. I´m using $5000 as a starting point and trying to keep trades within 5% or 10% of total. I can scale up if I get it working later. With small amounts it doesn´t frighten me as much.
Lets see this morning I made 15% of the risked money. But only 2% of the total $5000 account. The first trade earned 4.7% of the total $5000, but earned 50% of the capital used for the trade.
I´ve cleared the mess and debt I made when last week I made some clerical errors, in the wrong time periods. Lost about $500 or so, but have since earned it back.
I´ve got one signal I wait for with eagerness, when I will bet the whole enchilada. Doesn´t happen but once or twice a month.
If I can make this work, I will forget totally all about credit spreads. Just 8 or 9 months wasted when the odds are stacked against you in the risk/ reward ratio. If I can´t make this work properly then I will re-try Brad's system.
thanks for the stuff on those credit spread trades. I´ll see if I can find the time to work them out theoretically soon. The premiums kind of surprised me, as they are not what I envisioned. I´ll have to figure out what he is doing.
___________________________________
On my straight buying. This week I dropped all the credit spread trading for this week and am concentrating on straight buying of options. Two trades this week using a medly of several methodologies to come to a conclusion. Dealing with the 20 minute delay in prices was the hard part to figure out. So far this week I´ve won twice. 15% on invested capital this morning. 50% the other day. I´m using $5000 as a starting point and trying to keep trades within 5% or 10% of total. I can scale up if I get it working later. With small amounts it doesn´t frighten me as much.
Lets see this morning I made 15% of the risked money. But only 2% of the total $5000 account. The first trade earned 4.7% of the total $5000, but earned 50% of the capital used for the trade.
I´ve cleared the mess and debt I made when last week I made some clerical errors, in the wrong time periods. Lost about $500 or so, but have since earned it back.
I´ve got one signal I wait for with eagerness, when I will bet the whole enchilada. Doesn´t happen but once or twice a month.
If I can make this work, I will forget totally all about credit spreads. Just 8 or 9 months wasted when the odds are stacked against you in the risk/ reward ratio. If I can´t make this work properly then I will re-try Brad's system.
Michael
Well the sum for this past week, was using a $5000 account, I had a return of + 7%.
Basically my first real week using the new methodology and getting rid of my hangups with the credit spread trading.
Well the sum for this past week, was using a $5000 account, I had a return of + 7%.
Basically my first real week using the new methodology and getting rid of my hangups with the credit spread trading.
Well this past week was my first real test.
My $5000 account is up 9%.
There hasn't been any trading the last three days of the week, as there was no volatility. Guess the crowd have gone traveling on holidays?
My $5000 account is up 9%.
There hasn't been any trading the last three days of the week, as there was no volatility. Guess the crowd have gone traveling on holidays?
Michael
I am using the same stuff as I have already sent you. It is a work in progress. Evolving as I go along. I'm currently using Big Charts to trade with. I also use a Point and Figure chart to see where I am in the sequence and for support and resistance levels. The P & F chart is something new for me, but it gives a different look at the market movement as it does not involve TIME. I am in the weeks ahead going to try and do something with the ATR and the P & F chart as a combination. See if I can get anything out of that?
I wouldn't want to badly advise you and a couple of my trades that worked out, actually did so before the market reversed, on an exit with a LIMIT order already in the TOS program. The timing was perfect, but not planned to be perfect, so that kind of scared me a bit. A win is a win of course. Don't know if I was smart, or lucky? This stuff is very subjective.
In review this weekend, it is controlling the losses which is what it is all about. When not to trade. Your BRAD seems to have that down pretty good. So I would be interested in getting those advisories anytime you get them. Just to look at what it is. That philosophy would be differently applied in monthly credit spread trading, so I am curious. Want to compare them with short term trading.
Trading is subject to GREED and gamblers addiction. I'm currently concentrating on when not to trade and NOT TRADING. The entries and exits are pretty much normal otherwise. The not trading is the most difficult thing to do. Knowing it and doing it are two different things. I'm hoping to find something more accurate by combining the P & F chart with the ATR changes. I'm still trying stuff and adding stuff and discarding stuff as I go along. I'm looking for only trades that work a 100% of the time and hoping I can control the urge to stay out of the market in between. I find that very hard.
The temptations or urge to gamble is strong.
If you did a rollover this past month, I'd like to hear about that and how it effected the monthly returns for you. That seems to be the point that is most sticky. I kind of have an idea that the zero monthly trading is probably his most strong point. I'm not totally clear on that point yet. The premiums you sent me last were not what I expected and so, it changes the dynamics a bit. I will watch any future stuff and try to see how it effects things.
I've got a bit of an idea I want to try with the monthly bar swing between high and low, and compare it to a P & F chart and the ATR at the same time. So I need to start recording daily ATR and TR. I've had a bit of a problem with the P & F chart I'm using and can't get it to do what I want all the time as to scaling. When I figure that out, it will help.
As I say this is a work in progress and is evolving and so far I've been lucky I think?
I am using the same stuff as I have already sent you. It is a work in progress. Evolving as I go along. I'm currently using Big Charts to trade with. I also use a Point and Figure chart to see where I am in the sequence and for support and resistance levels. The P & F chart is something new for me, but it gives a different look at the market movement as it does not involve TIME. I am in the weeks ahead going to try and do something with the ATR and the P & F chart as a combination. See if I can get anything out of that?
I wouldn't want to badly advise you and a couple of my trades that worked out, actually did so before the market reversed, on an exit with a LIMIT order already in the TOS program. The timing was perfect, but not planned to be perfect, so that kind of scared me a bit. A win is a win of course. Don't know if I was smart, or lucky? This stuff is very subjective.
In review this weekend, it is controlling the losses which is what it is all about. When not to trade. Your BRAD seems to have that down pretty good. So I would be interested in getting those advisories anytime you get them. Just to look at what it is. That philosophy would be differently applied in monthly credit spread trading, so I am curious. Want to compare them with short term trading.
Trading is subject to GREED and gamblers addiction. I'm currently concentrating on when not to trade and NOT TRADING. The entries and exits are pretty much normal otherwise. The not trading is the most difficult thing to do. Knowing it and doing it are two different things. I'm hoping to find something more accurate by combining the P & F chart with the ATR changes. I'm still trying stuff and adding stuff and discarding stuff as I go along. I'm looking for only trades that work a 100% of the time and hoping I can control the urge to stay out of the market in between. I find that very hard.
The temptations or urge to gamble is strong.
If you did a rollover this past month, I'd like to hear about that and how it effected the monthly returns for you. That seems to be the point that is most sticky. I kind of have an idea that the zero monthly trading is probably his most strong point. I'm not totally clear on that point yet. The premiums you sent me last were not what I expected and so, it changes the dynamics a bit. I will watch any future stuff and try to see how it effects things.
I've got a bit of an idea I want to try with the monthly bar swing between high and low, and compare it to a P & F chart and the ATR at the same time. So I need to start recording daily ATR and TR. I've had a bit of a problem with the P & F chart I'm using and can't get it to do what I want all the time as to scaling. When I figure that out, it will help.
As I say this is a work in progress and is evolving and so far I've been lucky I think?