give me simple day trading method that works?

Discussion in 'Professional Trading' started by chipmunk, Mar 7, 2011.

  1. Let the Underlying option chain pick your direction:

    ES example:
    Market @ 1300
    Look at options pricing 5 strikes OTM.
    Look at 1325 calls and 1275 puts.

    If they are close to each other stay on the sidelines.
    If Put > Call Open Short ie (11.00 puts vs 9.00 calls)
    If Call > Put Open Long

    Multiday:
    RTH:
    Set your stop to 1 strike and ride the trade out until put/call pricing relative to market price equalize.
    ETH:
    Consider trailing a stop. Options pricing skewed after hours.

    Intraday:
    Open between 9:15am - 10:30
    Take profits of 2 strikes
    Close out by end of session.
     
    #31     Mar 7, 2011
  2. d08

    d08

    He wanted a trading system that worked.
     
    #32     Mar 7, 2011
  3. drcha

    drcha

    I am a size 7, and will donate the box for free. Just send me the bills and I will put them in the box and FedEx them to the OP immediately. Let me know if you want the mountain boots box, the purple spangled high heels box, or something inbetween.
     
    #33     Mar 8, 2011
  4. Man..we ARE short on love here these days..i was expecting much more. MUCH more...Please add your day system here and I'll check back tomorrow. You'll feel good for it. thx
     
    #34     Mar 8, 2011
  5. try Trade-ideas.com this daytrading software made the difference in my day trading.
     
    #35     Mar 8, 2011
  6. No software thx.
     
    #36     Mar 8, 2011
  7. Um, yes, we did.
     
    #37     Mar 8, 2011
  8. i'm disappointed no one has mentioned lenny dykstra. he has NEVER had a losing trade. since i've been following his advice i haven't either. their is just the matter of one open position that he kept telling me to double down on until the underlying reaches my $1 gain on a $100 stock. the current size of the position is 10,456,439,560 calls.
     
    #38     Mar 8, 2011
  9. Oh, so you're the one.
     
    #39     Mar 8, 2011
  10. deaddog

    deaddog

    Still not sure what "Really works" means.

    Do you have the discipline to follow a system that takes small losses more often than big wins? How many losses in a row before you give up?
    Why haven't the systems you have tried worked for you?
     
    #40     Mar 8, 2011