SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Electric who wrote (29131)11/21/1997 1:57:00 PM
From: Kevin  Read Replies (2) | Respond to of 58727
 
>>> Can you give what stats you have available of how successful you have been with it? What % of accuracy have you experienced? <<<

Hi Electric. I can't give you any solid stats yet on my system since it is still fairly new. Being that I try to post every buy and sell (and do it real time) you should be able to judge for yourself how successful it is as we move forward.

>>>And when you get into a position, is it when you break 3 resistance points, then go either call or put automatic regardless of price? <<<

B/T my pivot & break points is neutral territory. If I am not currently in a position I will wait until we either break ABOVE both of these points for a bull signal or BELOW both for a bear signal (with a confirm from the futures doing the same).

>>> And what postions usually, current month or one + out? How many contracts?<<<

I've been using current month. I usually go a couple of strikes out.
I don't buy a certain number of contracts...I spend a specific amount of money.

>>>Then once you are in the position, when are you out?<<<

That's what I'm devoting the latest research towards. I'm trying to decide to if I should close after the index retreats back through 1 of the points or two of them. For instance, today I will close if my pivot point is broken. I think I will only allow one point to be broken and then I'll take profits. No need holding a position and HOPING it'll turn around when I get new signals almost everyday.

>>> If it is possible could you post when you close a position and which you are closing?<<<
I'll keep trying. This was a bad week but I almost always post my trades.

Take care.
Kevin