Very interesting strategy. What is your target time for entry of both the IC and the directional hedge? Between 15:45 & 16:00 Wall Street Time (or even between 16:00 and 16:15 as both SPY and DIA have an extra 15 minutes past close)?
ideally between 15:45 and 16 ET. Why? You think I could get a better price if I go after 16?
Btw, this week will obviously be a loss :) looks like we didn't pick up the rally.
I was somewhat convinced of the rally, but the method said no, so I followed the method. Usually it's much more often right than I am, so I'm sticking to it
I would agree that between 15:45 and 16:00 is best. Personally, I like to go for a "stretch" target" limit order on my IC's right at 15:45, then move down the credit if not filled by 15:55:00. Bid/ask tends to get a little crazy after 16:00.
As far as this being a losing week, if you know your numbers (historic win/loss ratio) it is your edge for the future. Stay with the system if it shows you good results. We can never win 100%. (I even call BS on those that claim 80% win/loss.)
How do you trade BTC with this system? Assume it's just straight buying or selling? Also, why enter on Weds vs on Monday?
We don’t trade BTC, we only trade SPY and DIA options. The predictions simply aren’t feasible for BTC trading unfortunately.
As for the entry on Wed, this is because we ask for predictions to be made on Tue, and we get them on Wed before markets open and trade at the open.
Have a look at this video, it explains how the whole thing works: https://youtu.be/a5yuCu3E02c
Very interesting strategy. What is your target time for entry of both the IC and the directional hedge? Between 15:45 & 16:00 Wall Street Time (or even between 16:00 and 16:15 as both SPY and DIA have an extra 15 minutes past close)?
ideally between 15:45 and 16 ET. Why? You think I could get a better price if I go after 16?
Btw, this week will obviously be a loss :) looks like we didn't pick up the rally.
I was somewhat convinced of the rally, but the method said no, so I followed the method. Usually it's much more often right than I am, so I'm sticking to it
I would agree that between 15:45 and 16:00 is best. Personally, I like to go for a "stretch" target" limit order on my IC's right at 15:45, then move down the credit if not filled by 15:55:00. Bid/ask tends to get a little crazy after 16:00.
As far as this being a losing week, if you know your numbers (historic win/loss ratio) it is your edge for the future. Stay with the system if it shows you good results. We can never win 100%. (I even call BS on those that claim 80% win/loss.)