Search results

  1. J

    Trading options - SLA - Day job

    CMG- This was from last week. Took a flier on a pretty hard drop that reversed on the weekly hinge. I only had a couple days until expiration so I wasn't going to wait on my exit if I got a pop. Got the pop and exited near the HOD. The next day it exploded but I'll take my 400% and be happy...
  2. J

    Trading options - SLA - Day job

    SNAP- Crossed DL, entered after RET. Up 350%....todays RET hurt, but it's not broken so I sit on my hands.
  3. J

    Trading options - SLA - Day job

    BIDU update- Daily channel got slaughtered but there's a fairly large weekly hinge that's it's been hanging out on. I'll sit on my hands.
  4. J

    Trading the NQ

    ...which leads me to this situation- if one tightened up their daily DL because price has started ascending at a steeper rate, we would now have 2 DLs and a decision to make. At the break of the tighter DL, do we take the short (after RET) knowing there is the original DL is looming, do we defer...
  5. J

    Trading options - SLA - Day job

    BIDU round 2 Weekly- Large hinge Daily- Bottom of a channel Here’s the (short-term) story I’m reading- It is buyers that dictate the price at all times. If there are lots of buy orders then price must go up. If there are not a lot of buy orders, then the market must lower the price until...
  6. J

    Trading options - SLA - Day job

    I'm just writing down my thoughts I truly believe one can successfully trade price this way but it requires you to adjust your way of thinking. I've been judging my perform on P/L% but that isn't exactly fair for this type of instrument. I'll make up numbers to illustrate my point- A $500 loss...
  7. J

    Trading options - SLA - Day job

    I'm guessing because their movement is less volatile than individual stocks?
  8. J

    Trading options - SLA - Day job

    The charts in post 32 are how I would have applied SLA/AMT as of today. Thank you for correcting my DP point. The charts in post 33 are my actual entry, and exit. I also threw in an hourly to explain my train of thought for exiting. Below, I'm just thinking out loud and recording my...
  9. J

    Trading options - SLA - Day job

    Here's how my trade actually played out Entered a little early, got my early pop, suffered for 6 days of chop (and watching my P/L go red), exited the first chance to become profitable. What did I learn? Regardless of my actual entry or my hypothetical entry from the above post, at the time of...
  10. J

    Trading options - SLA - Day job

    So I'm totally in discovery/observation mode. I'm using TOS OnDemand and basically practicing (which also helps with money management considering my instrument is options) I'm currently replaying a recent scenario on LVS and was hoping I could have DB or Gringo chime in: Weekly- Bottom of the...
  11. J

    Trading options - SLA - Day job

    Well market rolled over these couple of days. BIDU will be a zero (I was greedy and terribly mismanaged that trade as a result), and LVS has filled the gap and has actually left me in the red (although I have 2 weeks of theta left). LVS analysis- 1) It reversed off the low of the weekly...
  12. J

    Trading options - SLA - Day job

    BIDU Weekly- Hinge Daily- Found an area of interest where price has been bouncing off, went long yesterday EOD. Not an ideal SLA entry by any means but got the nice pop this morning. Unfortunately the fade has taken me from 100% down to 8% profit. Calls expire Friday so I need one more move...
  13. J

    Trading options - SLA - Day job

    LVS- Nice gap up this morning. Going forward, I'm going to manage this trade using the hourly. There's just too much room to fill below. Currently up 143% I like to have a very high (200%+) profit% to account for the losers. My break-even win rate is 20%, anything over failing 80% of the time...
  14. J

    Trading the NQ

    Where was the short-term DL break?
  15. J

    Trading options - SLA - Day job

    LVS- Broke through and I entered on the retrace
  16. J

    Trading options - SLA - Day job

    LVS Weekly- Bottom of the channel Daily- Bounced off the channel and reversed. Could be a TO tomorrow.
  17. J

    Trading options - SLA - Day job

    XBI- On the daily went short a few days ago and it was going well. Today price reversed hard and took me passed the DP and I'm out with a loss. What did I learn? Trading off the daily chart there was no discernible RET for which to create a SL. Friday's close was $.10 above Thursday's...if I...
  18. J

    Trading options - SLA - Day job

    DBP- I meant no disrespect to SLA, and I'll concede my remark about my entry and exit. Ironically enough, in post #13 I was suggesting a short based on the same volume observations. Apparently I can't follow my own advice. For it to be considered a BO, it should have been a more powerful break...
  19. J

    Trading options - SLA - Day job

    So here are my thoughts of the day regarding SLA and option trading...they are not entirely compatible and it didn't take much time at all to discover. The idea of basic SLA is to get in on confirmation, keep you in until a pull-back (the size of the pull-back is up the the trader) and then...
  20. J

    Trading options - SLA - Day job

    Took a second peek at GILD and I think I completely screwed up the weekly chart. Here's what I see today