The Renaissance Technologies model has been resolved.

[wxytrader]

The way I interpreted your analysis was something to the effect of: "It can go up more, but it can also go down..."

That's all you can ever say about any kind of trade lol. The difference is with EW you can say: it is statistically likely to go up more than it is to go down, so can warrant an entry and take profits at the 1.618. It will definitely pull back, and when it does it can be measured for a single or double correction which will provide entry points. Stops can be placed at the invalidation levels. What more do you guys want out of a system? You have an entry level, a profit taking level, legging in levels, and a stop level for those of you that use them.

Also, this thread is actually started by @LargeTrader, so maybe we should give it back to him and the demonstration of his trading model.

Agreed.

 

[poopy]

How did the ATM short put perform in MSTR from Thursday close to Fri (close) of last week?

 

[deaddog]

Selling puts is the best way to accumulate stocks at a discount.

I gather you are in Canada. Which broker do you use to trade options?

 

[wxytrader]

I gather you are in Canada. Which broker do you use to trade options?

TD and IBKR

 

[taowave]

Well,it took you long enough..Look at you speaking in a risk reward framework..

Stops can be placed at Invalidation levels

Not bad coming from the dude who claimed

"Using Stops is straight up gambling

That's all you can ever say about any kind of trade lol. The difference is with EW you can say: it is statistically likely to go up more than it is to go down, so can warrant an entry and take profits at the 1.618. It will definitely pull back, and when it does it can be measured for a single or double correction which will provide entry points. Stops can be placed at the invalidation levels. What more do you guys want out of a system? You have an entry level, a profit taking level, legging in levels, and a stop level for those of you that use them.



Agreed.

 

[wxytrader]

Well,it took you long enough..Look at you speaking in a risk reward framework..



Not bad coming from the dude who claimed

ha ha you didn't read the last sentence.

All I have seen from you is alot of boasting and watching CLSK go 35 percent against you..

btw still in that trade with a 17.75 cost basis and an APR12 19 call.
I got assigned at 23.50 lol.

 

[taowave]

How can you have a 17.75 cost basis if you were short the 23.5 put?? The weekly 23.5 put was trading at 25% of spot??

ha ha you didn't read the last sentence.




btw still in that trade with a 17.75 cost basis and an APR12 19 call.
I got assigned at 23.50 lol.

 

[poopy]

I haven't been following SPY so just ran it through some EW software I subscribe to. The 3rd wave can end at 100% but not uncommon for it to extend to 161.8% or beyond. Looking at the length of wave 1, I'd be surprised it wave 3 ended here, although the only rule is wave 3 can't be the shortest of the impulse waves (1,3,5)...it doesn't have to be the longest. So if I extrapolate from that I would say wave 3 needs to extend more so it can reduce the length of wave 5 or be longer than wave 1. One of those things has to happen. If it did pull back to 4 now, then I would expect a shorter wave 5.

View attachment 337739


I already posted a C&H when people were complaining how this rally is seems to be never ending. Funny that it was a crude example but comes to the same result.

Can't you fit more price levels on there? This doesn't even qualify as snake oil.

You're becoming quanto.

 

[wxytrader]

How can you have a 17.75 cost basis if you were short the 23.5 put?? The weekly 23.5 put was trading at 25% of spot??

Premium lol. I have 300 shares at 17.75.

 

[wxytrader]

Can't you fit more price levels on there? This doesn't even qualify as snake oil.

You're becoming quanto.

Look at the video I posted if you want to learn about degrees and subdivisions...I was keeping it simple.