Replies to post #51007 on ETF SWING & DAY TRADING

[blasher]

LOL .. sorry Jon . . . since you have been doing vertical spreads
(debit or credit does not matter)
in the opposite direction ... I suggested doing vertical spreads IN the direction.
TO CLARIFY DIRECTION . . .
when you think AAPL is TOPPING .. i.e. you get a DOWN Signal ...
you Open a Credit Vertical Spread using CALLs ...
CALLs are UP vehicles, your Signal was DOWN .. hence my using the phrase OPPOSITE.
SO, if you (or I) got that DOWN Signal, I normally use PUTs (a DOWN vehicle)
so using a DOWN vehicle when getting a DOWN Signal is
opening a position IN the same direction as the Signal.
WoW! .. as I write this I see how confusing my words are ... LOL.
BUT, most important is that *I* understand what I am thinking.
:-)
Please let me know if you need more explanation ...
I will try better.

[blasher]

ok .. I've just re-read your post . . .
YES, I think you did understand what I was writing.
So, if you get a Buy Signal, you put on a PUT spread
because you are doing CREDIT Spreads.
I was suggesting doing DEBIT Call Spreads when you get a Buy Signal.