Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.38

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Dec 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (43482)	1/9/2013 1:22:19 PM
From: expiredoptions	1 Recommendation Read Replies (2) of 220651

GZ, I wish that I was as nimble as you with the frequent intraday changes, but I just can't do that with my option trading system. These option trades are swing trades lasting up to 4 days (5 or 6 days with new confirming signals) and once I'm in them, I either let them (1) time out (hopefully at breakeven), or (2) average them down -25% to -28% for a second buy or (3) stop out -35% to -40% under the initial buy. Example No. 1: Yesterday's Feb 145 puts (bought at 2.25) I sold at breakeven, timed out on the 4th day. Example No. 2: Today I am holding Feb 147 calls (bought at 2.00) and they are in there 4th day. I missed entering the buy down -25% lower at 1.50 yesterday. I am hoping the market pulls back to the Pivot Point (brown line) today so I can get a second chance at the 2nd Buy at 1.50. I believe if it hits the Pivot Point, that will be enough support for a profitable rebound. Jeff [-----------------Jan 8, 2013---------------------][----------------------Jan 9, 2013--------------------------]

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