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smartone

08/20/15 4:31 PM

#24399 RE: royg1927 #24398

roy i hear you
yes i do your "would you buy the opposite way " idea

sometimes it works
sometimes it doesn't

i know my trading works best in a range bound market that goes back and forth
i can kill on puts and calls

days like today are bad for me ...where there is a huge trend ... and stocks go one way
i had problems this spring when market was grinding up and had it today when it was going down

i feel like i am getting better as a trader i am able to keep my losses low and pick a high amount of winners
and the interesting and exciting part to me is recently each winning trade has been a higher percentage
in other words .. earlier this year each winning trade percentage averaged about 23% -- now it is moving up
this past month it is has been north of 70%!

my new goal is 80% winning trades with an average win percentage of 45%
if i can do this on consistent basis i can make serious money .




so i won't beat myself up too much
it is amazing my 2.4 X amzn put was failure
because it could have been 6X !!!

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johny1

08/20/15 6:27 PM

#24403 RE: royg1927 #24398

Roy I'll keep that in mind about looking at calls when holding winning puts. I get so set on one track I miss opportunities to maximize a trade. Also miss chances to get out of a loser, and into a winner.
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BuckeyeMike

08/20/15 9:52 PM

#24404 RE: royg1927 #24398

Great post Roy. Thank you
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Tkotce

08/21/15 2:47 AM

#24408 RE: royg1927 #24398

Link was very useful. A tool I did not know of. There are so many different techniques and indicators people use. It's all about finding YOUR way of trading. Your info is not unheard. Thanks.