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Profitable 100 ticks weekly Dow Dax daily options strategy

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I was reading about a daily options strategy which is profitable  , the poster was making money with live advance calls , almost 100 ticks a week  consistently.The results are very good, considering 95% lose due to trading psychology and risk management.

 

Here is a link to the strategy 

 

profitable weekly strategy

 

Just a warning  beware of day trading forums and the educators on these sites.Traders can make money day trading using the above strategy.

 

DAY TRADING FORUMS

 

mentors educators

 

RISK WARNING:no trading strategy is guaranteed to make money, and the phrase profitable can be easily misinterpreted. This is an open forum and I need to make sure that although discussion should be open and subjective, it can't be easily misinterpreted by those new to trading who could follow a set of rules without proper due diligence on the validity of those claims. It can also be misinterpreted and used incorrectly by experienced traders.

 

If you are new to trading please make sure you know the risk associated with your trade and don't simply follow a online guide.

 

Many experienced traders make mistakes as below.

 

Mistakes make losing traders

 

http://www.vantharp.com/trader-test/mistakes-are-the-downfall-of-most-traders.htm

 

 

 

 https://profitabletraders.wordpress.com/

 

Mistakes make losing traders

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Hi . Hard to know how to reply to this without unintentionally trolling. I look forward to reading the results of your test drive of this new strategy and hope it works out better than the last one, though it does sound much alike?  

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The other method was more random .This method is long only, stockmarkets are 75% long biased with investors also long, buying supports,trends and trend line supports.

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Ok, keep us updated how it's working out. With everyone calling tops again you may like this chart I posted on another thread.

 

mw1.PNG

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Here is first trade   

 

Long Dax 13460   , long put 13450 for 13 ticks  daily option

 

Target profit 35 ticks less option cost 13 = 22Clipboard01.jpg

 

Looking to add lower  at supports

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Long Dax 13460   , long put 13450 for 13 ticks  daily option

 

This trade lost -23, +1  profit nett today

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Long Dow 23499  long 23480 put  daily  15.6 ticks 

 

closed for  20 profit after deducting cost of option

 

total profit for today   21  ticks 

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The last trade ended in  a loss -25 points

 

long dax at 79 , long put 13380 for 25

 

I managed to pick up 20 ticks profit on the Dow  yesterday, I don't like hindsight results or posters.

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,  when I looked at that yesterday it appeared to me that your trade missed target by just 1 pip and the spread before the market took that heavy plunge.

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Target is actually 45 ticks , net profit + option cost  20+25 = 45.for yesterday

 

These are open positions today

 

Clipboard01.jpg

 

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First week was a loss of -25 , this is trading reality ,there will be other weeks of large profits.

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Most posters  sing about technical set ups, they never post proof of success or live trades in progress. All this is similar to dumb singing, and without any proof of pudding/profitable trading is useless.Just singing does not make money .

 

At least with a street musician you can see the proof

 

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+33  profit on res of dax .mixed entry 

total profit 84  today  loss   first trade today -34 =  ++50 profit today

 

Clipboard01.jpg

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long dax 12940 calls for 34, 13000 calls for 32.4

 

long dow 23348 and 12340 put  for 27.8 

 

Both at supports03.jpg

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yesterday  the dax trades came out at a loss of 32.4 on the 13000 calls and at a profit of +20 on the second trade.

The Dow was a loss of 35 .

 

I  could not post the following entries in advance because I was busy trading:I added long positions lower and broke even on Dow  and had other trades on Dax which made profits..I added options at 12900  (oversold) for 20 profit , and 12850  very oversold   for another +20  = 40 profit.

 

 

yest.jpg

 

 

 

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yesterday  I bought the 12960 calls   and closed 3/4 of them today  for profit

 

 

 

03.jpgClipboard02.jpg

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