"The only way to trade with Fibonaccis" journal

[1a2b3cppp]

or like this maybe?

 

[1a2b3cppp]

6/27:

SPY: -$8568
Hedge: $4103

Spy closed at $127.94. Just under $4 away from the next buy level.

 

[1a2b3cppp]

Wow, I just moved and wasn't online for a few days or really watching the market. Five up days in a row? Really?? I should've closed my hedge position a few days ago. lol.


7/1:
SPY: $1,674
Hedge -$422

lol, wish I had closed the hedge when it was like +$5,000.

Still not closing anything yet, but even if price keeps going up I will be profitable; the hedge will lose less than the SPY position gains.

 

[zxd]

What a nice turn from 6/27 though

 

[1a2b3cppp]

Quote from zxd:

What a nice turn from 6/27 though

Seriously. I wonder if it will continue. I'd still like a drop to 124 so I can buy more before we go back up, but we will see.

 

[clarodina]

what would you do with price resume on the directional trend after you had open a hedge position against the original position?

 

[1a2b3cppp]

Quote from clarodina:

what would you do with price resume on the directional trend after you had open a hedge position against the original position?

When that happens, then your profits from the original position are reduced a little.

 

[clarodina]

do you use ratio of 1:1 for the hedge against original position units?

 

[clarodina]

Quote from 1a2b3cppp:

When that happens, then your profits from the original position are reduced a little.

Are you assuming the price you hedge on is above the price of original position?

What about your hedge price is below the price of the original position?

 

[1a2b3cppp]

7/5:

SPY: $1,998
Hedge: -$328