foroom lluzers
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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/trading-systems/223496-trading-without-stop-loss-using-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/edu...h-probability-trading-system-75-hit-rate.html
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/trading-systems/223496-trading-without-stop-loss-using-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/edu...h-probability-trading-system-75-hit-rate.html
