I've determined, for now, that a back/ratio spread type of a transaction is a great way to enter the market when volatility is very high. Same...
also keeping in mind that if I do turn my position into a vertical, that I would have to be aware of whether it's a bullish or bearish vertical....
As a follow-up to this, I've found that turning my position into a vertical, rather than a straddle, is more efficient, because it returns buying...
Puts are definitely less forgiving it has seemed like. That's why doing a back/ratio where you are both long and short, works effectively,...
Understood. I'm partially using it as a way to buy myself time in making a decision to close my position (aka impulses). Since this strategy will...
Also, when I did this spread this morning, volatility on both sides were about the same, so going with a 1:2 ratio was what I chose to do,...
Actually I've found the call side to work fine. You would only pick the call side if you see the index being greater than what it's at when you...
Right. When I say day trading, what I mainly mean is opening my position in the morning, and closing ether once the index reached its range, or...
For anyone interested, this short article pretty much sums up why this strategy is decent -...
I have recently decided to backtest this strategy, and so far, it appears to perhaps be the best all around strategy for my day trading SPX...
It's a good approach, if you have buying power to be able to do this. At least for me, I much rather hold equal amount both directions while the...
Strategy worked decent today. My put went from $13 to $16 this morning. I bought calls when the put was lingering around $16, and when spx looked...
Ah right, because SPY can actually be traded, while SPX is only traded with options. Yeah, shorting limits quite a lot more than buying, which is...
Sheesh. So this post is becoming what I had originally stated that I see a lot on here, where others who are "very experienced" have to write out...
Also, when you say "Just shorting SPY stock against your long calls", are you referring to selling naked calls (if I already had a position of...
Hi Xela, CBC, and Handle: Apologies if I offended anyone by writing that I don't need long posts telling me that I need discipline. I am new to...
I don't believe I am able to trade futures, not sure why. Maybe I would have to request it. Are you saying hedge myself with futures, by buying...
Lol, yeah, I don't need long posts explaining to me that I have to pay fees, and that I lack discipline. I already stated that I'm new to trading,...
Anyways, I have replayed a few days using this method. TD Ameritrade's thinkorswim application provides you the ability to actually replay...
Separate names with a comma.