sandjco
648 posts
msg #153511
- Ignore sandjco
modified |
8/12/2020 9:47:45 AM
ZM $235
edit: stop at $230
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sandjco
648 posts
msg #153512
- Ignore sandjco
modified |
8/12/2020 9:50:37 AM
AYX $114
edit: sold the ETFs (DPST, et al) sold half of HIBL; AYX stop at $108
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Village Elder
231 posts
msg #153516
- Ignore Village Elder |
8/12/2020 1:08:07 PM
Testing the ATR position sizing concept
Just a note - using 1 ATR(20) increases the risk of being stopped out. When this was first shared by Kevin_in_GA he used 2 x ATR(20) which increases the safety margin but reduces the number of shares by half
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sandjco
648 posts
msg #153529
- Ignore sandjco |
8/12/2020 9:39:24 PM
thank you for dropping by Village Elder!
As I cannot code for beans, if i understand you correctly and have coded it correctly, ATR x2 stop would look like this:
compared to the original of
Thanks in advance
I did not end up selling AYX or ZM EOD; will see what happens tomorrow.
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sandjco
648 posts
msg #153536
- Ignore sandjco |
8/13/2020 10:41:16 AM
SDGR $67.72
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sandjco
648 posts
msg #153550
- Ignore sandjco |
8/13/2020 2:12:26 PM
SDGR and ZM having $10 days...will close them anytime; your mileage may vary. Amazing how options can magnify such moves picking weeklies ATM or even slightly OTM.
Will keep AYX for a while probably.
Playing AAPL and TSLA split runs. So far so good. Out of the remaining HIBL.
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dashover
227 posts
msg #153567
- Ignore dashover |
8/14/2020 10:59:45 AM
Sandjco,
I am doing horribly trading weeklies.
I jump from trading reversions to breakouts.
In the money to just out...
Some debit spreads.
It's a mess
Could you review your overall approach for short term option trading.
Thanks!!
Dash
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sandjco
648 posts
msg #153568
- Ignore sandjco
modified |
8/14/2020 11:03:50 AM
testing 123
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sandjco
648 posts
msg #153573
- Ignore sandjco
modified |
8/14/2020 12:35:45 PM
Hi dashover! Thanks for dropping by!
RE: horribly doing weeklies
remember this from one of your old posts?
2/6/2013 9:50:37 PM
20 years and sadly I'm still looking for the better approach , so I can stop looking and simply marry it
BUT what if, along the way, you actually have already found one or a few but for whatever reason you thought there was something "better" just because someone else appeared to be doing better with their "system"?
Keep in mind i am NOT an OPTION expert or an expert on anything. I do not know much about you or your style so here are my general thoughts:
You won't like my answer but I do hope it will lead you to the right path...
1. you need to find out who you are (see my original thread as someone else told me this indirectly). edit: if you are more of a "swing trader"...outright weeklies may not provide u cushion. Maybe Calendars?
2. Is your weapon of choice aligned with your risk tolerance? For example, weeklies MAY NOT the optimal weapon to use if you get freaked out with 30% or 40% dips or expect > 200 % gains on them (they are nice but...). I look at weeklies purely as a substitute to day trade indexes and sometimes stocks (like the recent plays) and I do not use SF filters for them at all. AAPL is trading at $453 as I type...I am in for next Fri 460C. I would be happy to be able to scalp a few thou on a few contracts for the day.
What SF filter have u used over the years that gave you more success than any other? Why did u stop using it?
In my journey (as short as it is)...I didn't find the holy grail...but I discovered "me" and how I wanted to trade the market.
Hope the above makes sense.
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Cheese
1,374 posts
msg #153575
- Ignore Cheese |
8/14/2020 1:25:29 PM
@dashover @sandjco
I know that dash;s query was to sandjco
but I would like to give my inputs to dash out of gratitude
because I have been using dash's whyisthemarketup every day.
I hope you guys don't mind
Also, I don't use options or shorts, so I don't have any trading expertise to offer.
I just want to mention this site https://twitter.com/tradeciety to dash.
A lot of rolf's material is useful, user friendly, and still free.
Some of the good old info was removed to keep his account fresh and uncluttered,
I hope you will find some of his free stuff useful.
Happy trading
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