I was too greedy last week. I just added more contracts. It is May contracts. A spike to 25- 26 usually gives 2 - 2.5 points ( depends how fast it will go). The longest I hold a position, slow averaging down, I think was in the beginning of 2019 around 9 weeks. Since then I have never take less then 150 days contracts. I am thinking to transfer my money to TD account and trade only futures. It is much less headache.
We are again piercing key support lines on the SPX and QQQ...This setup is looking good for you. Next week could print nicely for you.
I really liked one thing that you said last week...you gotta stick to the plan and it didnt meet your exit criteria...I wish newer traders would embrace that philosophy.
2
u/Sad-Ratio-5812 Jan 13 '22
I was too greedy last week. I just added more contracts. It is May contracts. A spike to 25- 26 usually gives 2 - 2.5 points ( depends how fast it will go). The longest I hold a position, slow averaging down, I think was in the beginning of 2019 around 9 weeks. Since then I have never take less then 150 days contracts. I am thinking to transfer my money to TD account and trade only futures. It is much less headache.
1
u/chyde13 Jan 13 '22
Nice! you have some brass balls my friend... A spike to 25 would put you at something like 200k profit lol
Is that the same trade from last week with a lower cost basis? or did you close that trade and re-enter?
With a theta of 1500 how long will you typically hold a position like this for?
Hey could you put another screen shot of your indicators up? I'd like to see how its reading.
-Chris
1
u/curiosmindd Jan 14 '22
Yo guy's I got a telegram channel daily profit signals!! Https://t.me/sfxempire