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This is a interesting spreadsheet to use if you know with some certainty what your win % is. It will help determine the random probability of X losses in a row given a number of trials. It doesn't calculate an event like losing 3 in a row, then win once and continue losing 3 in row again
*This spreadsheet was not created by me. It was created in another forum and is included as it was downloaded without modification as I am not the author. If this is against forum rules please remove
Can you help answer these questions from other members on NexusFi?
When trading Ron's concept, I place an order to buy back the puts at 50 %, and I wait until the order is filled. I do not liquidate the position early. Only exception: I go on vacation, and want to stop trading for a while. (And, of course, the stop loss.)
But it may happen as today, that 5 of my 11 orders to liquidate were filled on the same day.
I just found out that TD Ameritrade charges $2.25 for selling ES option and charge another $0.56 for other fees, total $2.81, SPAN margin is used. I am using OX now, charged $4.07 total, maybe switch to TD Ameritrade (TOS)?
Multiply contracts you intend to trade a year times difference in price. Then decide if that amount of money is worth the hassle of switching and any other differences between the brokers.
I place a GTC order to get out at 50% of initial premium. It trades then. Nothing manual.
I traded out of some contracts at 6:10 this am when I was sleeping.
The hard part is deciding when to reenter positions. I am beginning to think that I should just reenter as soon as I exit prior positions. Sometimes that is correct and sometimes it isn't. They probably balance each other out.
I didn't do that this am and now that it is up more than when I got up and I have maybe missed some premium. So now do I enter when market is up 25.00 or do I wait for pullback? But if there isn't a pullback I missed more money.
Hi Ron I'm new here thanks for contributing to this wonderful thread. I am thinking whether it is viable to reload at the option which is cloest to your 60-90 day mark. For example, if profits are taken today I am looking to enter @ Aug expiry with 72 days to go. This way it seems more mechanically driven than emotionally driven.