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#1 CLK

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Posted 21 November 2017 - 10:24 AM

System still on a buy, second brick today since the turn.  Pure price following.

 

 

 



#2 diogenes227

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Posted 21 November 2017 - 12:01 PM

System still on a buy, second brick today since the turn.  Pure price following.

 

 

 

 

Buy some calls on that and you get something like this:

 

DAY TRADING THE WEEKLY SPY CALLS

 

yes.gif


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#3 CLK

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Posted 21 November 2017 - 12:57 PM

 

System still on a buy, second brick today since the turn.  Pure price following.

 

 

 

 

Buy some calls on that and you get something like this:

 

DAY TRADING THE WEEKLY SPY CALLS

 

yes.gif

 

 

 

Well yesterday close I had no good signal to be comfortable with weekly options, there have been several whipsaws in the last few days.

I just don't have a system that will get me a good entry without getting stopped on options. If I get stopped 2-3 times for 10% each, that is getting costly.



#4 diogenes227

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Posted 21 November 2017 - 02:31 PM

 

 

System still on a buy, second brick today since the turn.  Pure price following.

 

 

 

 

Buy some calls on that and you get something like this:

 

DAY TRADING THE WEEKLY SPY CALLS

 

yes.gif

 

 

 

Well yesterday close I had no good signal to be comfortable with weekly options, there have been several whipsaws in the last few days.

I just don't have a system that will get me a good entry without getting stopped on options. If I get stopped 2-3 times for 10% each, that is getting costly.

 

 

I had buy signals across the board for today (see CONTEXT from yesterday's link above) and I suppose someday I will be tempted to put on a weekly for the overnight (with today's gap that would have been fantastic).  But, all in all, I think that's too risky (especially long the weeklies). If this had gapped the other way, there's a good chance all that capital would be toast.  So instead, this "fool's game" of buying calls and puts is never more than a day trade (see the explanation of the GAME in the link above). 

 

In a side note I called out four stock plays - NVDA, FSLR, NFLX and BID.  They are up less than one half of one percent on the buys (done in by FSLR), but then there's this:

 

 

And, of course, if the market rallies it is also likely AAPL will again participate (always good for a bounce, a scalp, or an option-play).

 

And so it is once again -- AAPL practically IS THE MARKET.

 

The AAPL weekly options are as nearly liquid as those on SPY with the same tight spreads, the close-by easily-executable stops, and the little time decay on day trades. 

 

And sometimes you just get lucky:

 

TODAY'S AAPL POST


Edited by diogenes227, 21 November 2017 - 02:33 PM.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#5 opinionated

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Posted 22 November 2017 - 03:51 AM

I had long signals setting up over the weekend and about 90% confirmed on Monday. But most of mine are signaling flat now for two days,  anticipating a short signal this friday.