Daily weekly Dow Trading system

This is a discussion on Daily weekly Dow Trading system within the Indices forums, part of the Markets category; Using a weekly or daily put option as a protection for a long trade .There is the cost of the ...

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Old Jun 3, 2017, 6:01pm   #1
Joined Apr 2017
Daily weekly Dow Trading system

Using a weekly or daily put option as a protection for a long trade .There is the cost of the options to be deducted from profits , but this cost gives the holding power to hold on to your trade , for almost a week or month.

Before opening trade read context to see support /resistance ,if context is good buy near support and close end of day.Dow , Nasdaq and S and P must be positive for longs.

As an example
weekly dow put long cost 34 strike 21100
long cash dow 21120

I did a similar trade on friday long 21150 ,long 21130 put for 16 = net cost 21166
Exit 21200 , profit 34


http://www.trade2win.com/boards/trad...g-options.html

I start with a daily option trade , after 2 losses I move to weekly options , therefore recovering all previous losses .

No closing half position , just run your profits.Close losing trades at end of day .

After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses
Practise on demo first , this hp system


http://www.trade2win.com/boards/educ...-hit-rate.html
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Old Jun 4, 2017, 6:36am   #2
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foroom lluzers started this thread Traders would be better off buying at bottoms , supports of djia , as opposed tobreakouts.
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Old Jun 4, 2017, 8:33am   #3
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foroom lluzers started this thread Buy at supports or bottom of up trend lines
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Old Jun 5, 2017, 11:02am   #4
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foroom lluzers started this thread 21150 next minor support ,trend set up
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Old Jun 5, 2017, 2:15pm   #5
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foroom lluzers started this thread example 21186 long daily 21160 put for 13

39 risk
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Old Jun 5, 2017, 3:05pm   #6
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foroom lluzers started this thread http://www.trade2win.com/media/knowl...plate_2005.pdf

use this trading plan to make your own system , according to your own risk appetite.

already plus 30+++
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Old Jun 5, 2017, 3:32pm   #7
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May I be the first to thank you for this.
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Old Jun 6, 2017, 6:53am   #8
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Originally Posted by foroom lluzers View Post
example 21186 long daily 21160 put for 13

39 risk
closed at 91 = -8
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