"The only way to trade with Fibonaccis" journal

or like this maybe?

 

6/27:

SPY: -$8568
Hedge: $4103

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

 

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.

 

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.

 

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.

 

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

 

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?

 

7/5:

SPY: $1,998
Hedge: -$328