Patron's suggestion - Just buy some Dec 09 leaps and call it a day..... - is, I think, a good one, I do this sometimes, especially when I expect to be busy and unable to watch events closely.
There is probably no ideal entry - just different degrees of closeness in guesstimating it via TA and other means. Say, 1/4 immediately, another 1/4 at 38%, another at 50 and then at 62%. Or, if the bounce doesn't get that high, add when it looks like breaking down, then add on bounces during tests of broken support, etc. Having a feel for the tape and being lucky helps a lot.
I like best "heuristic" situations, when I discover a setup at the time when it is mature, and there is no need to "stalk" it. That happens sometimes.
I know I'm not saying anything new to anyone here.... :) |
