Replies to post #109358 on SPDR S&P 500 (SPY)

[BlackThought]

he's flipping them

[desertcynlite]

My goal is to trade both directions intraday picking up the major runs and getting out of the way when the market is in a distribution phase building the pattern. I like trading both directions because it teaches me to read the charts better and be more agile. I traded both TNA and TZA today. Had six trades that were all profitable. It was a great day because none of my trades went against me. Had I stayed with TZA, I would have made more money but, I'm learning to just trust the patterns I know and then take my profits and wait for the next set-up. I cashed out of TNA on the last peak and will wait until tomorrow to see what fate brings us on expiration day.

[MinnieM]

That's especially true on anything range bound. Both calls and puts lose premium pretty quick.





In Reply To '2bit-nothing'

Yes, good trader plays both sides, but not simultaneously, you can loose on both sides on options, in options, playing both sides guarrantees nothing....

2bit