Unbiased Forex and Equity Swing Trades
James,Can you please share your trading strategy ? Is it the futures or options? It'll be helpful for us Thx
kkandru - The trading strategy is simple, wait for the indicators to confirm a trend change, then stick with the trend as long as possible. I use options and ETF's on the Swing Trend trades. The options I will usually buy at the money a couple of months out. The way the market has been moving lately, these options gain quickly. I also use leveraged ETF's (UPRO, TNA, etc) for the rest of the capital. On down moves, a lot of gains will be wiped out before the indicators say trend change, but they still average 10-13% on down moves.
Thx James. May be a basic question. How do you manage stops with Options (or) leveraged instruments?Are you using any option strategies? This's one area I'm too confused at. Please help me understand.Right now I play VXX calls/puts, but positions are dangerous as there's no way I can control stops, hence asking .Or you can refer me to some books for examples.Thx
All of my stops are mental stops, so when the SP-500 crosses a level that changes the swing trend, I close the positions.