sandjco
648 posts
msg #154204
- Ignore sandjco |
10/7/2020 8:34:37 AM
hi snake!
how do you manage your position size re: 25 trades at 25% starting at $4K?
are you meaning each trade taken will be $4K in size (which is what i assumed you meant)?
Tks!
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svtsnakebitn
150 posts
msg #154205
- Ignore svtsnakebitn |
10/7/2020 8:56:49 AM
Hey - I send 50% of my account and look for a 50% gain, which equates to a 25% total account gain. I will compound my gains, so 25% plays each play (outside of an inevitable loss) for 25 plays starting from 4K equates to around $1M.
I usually average down if it moves against me at the open and look for a breakeven exit, which I did not do on my last play and paid for it!
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svtsnakebitn
150 posts
msg #154369
- Ignore svtsnakebitn |
10/19/2020 9:05:17 AM
Missed a signal on XLE Short on Friday. As long as the option doesn't move too far I will be buying XLE puts for this Friday 10/23.
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svtsnakebitn
150 posts
msg #154372
- Ignore svtsnakebitn |
10/19/2020 9:44:07 AM
was able to grab 48 29.5 XLE puts @ .22 this morning 10/23 expiration.
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svtsnakebitn
150 posts
msg #154379
- Ignore svtsnakebitn |
10/19/2020 3:41:43 PM
Just sold the 48 contracts @ .37 for a 70% gain.
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shillllihs
6,046 posts
msg #154383
- Ignore shillllihs |
10/19/2020 6:25:53 PM
Very sweet
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svtsnakebitn
150 posts
msg #154408
- Ignore svtsnakebitn |
10/22/2020 4:11:04 PM
Picked up 30 VXX 10/30 $21 Puts @ .38 right at the close
Picked up 25 XLF 10/30 $25.50 Calls @ .26 right at the close
Have around $250 to throw at it tomorrow if these go against me at all.
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svtsnakebitn
150 posts
msg #154442
- Ignore svtsnakebitn |
10/26/2020 12:44:33 PM
Stop loss at 50% down on VXX puts and XLF Calls. Back to my beginning amount.
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svtsnakebitn
150 posts
msg #154594
- Ignore svtsnakebitn |
11/10/2020 3:58:51 PM
Haven't posted in a while - took a little break during the election based on volatility.
Just picked up 17 contracts of GDX $36 11/13 PUTS for .15 right before close.
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svtsnakebitn
150 posts
msg #154610
- Ignore svtsnakebitn |
11/12/2020 2:02:45 PM
Late post, but ended up selling for .16 yesterday. Tried to hold out for 100% up, but only hit 75% - should've taken profits, but sold before I incurred a loss.
Watching TLT calls very closely - more news about lockdowns will send this market into a tailspin.
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