Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I exited my ES put spread the right day but reentered the wrong day with today's large ES drop. But there is absolutely no way to predict these movements. Next time I might enter the right day.
I am new to this site---so not sure if this book has ever been discussed or offered as a resource---and there are over 600 pages in this thread--and have not read every one--so thought I would share name it to those who might be interested
Just in case it hasn't been shared.
"Trading Options to Win"
S.A. Johnston
Most of it involves sell strategies---includes a good discussion on risk management---basic standard deviation stuff--seasonal---and specific strategies. Its mostly options on futures--
I had the good fortune to speak with the author--years ago when it first came out---and we also exchanged notes after he issues an updated [slightly] revised version. He said that much of the content of the book was still valid--but that of course futures markets--and therefore their related options--had changed site a bot over the years.
He is currently writing the great american novel I believe--and I wish him the best of luck in that endeavor.
if anyone would like to discuss the book---please don't hesitate to drop me a note---Dylan
Frustrating when you sell a spread for 2.95 and the next day you could have sold it for 4.25.
In the past there have been times when I exited one day and reentered the next trading day. Yesterday after I exited, futures dropped so that looked yesterday like a good time to reenter.
It's surprising how much luck enters into trading profit.
But this unpredictability is exactly the reason why I like your concept of being invested all the time. We simply do not know what the index is doing in the next hour.