johnpaulca
12,036 posts
msg #131949
- Ignore johnpaulca |
10/17/2016 10:02:26 AM
LABU....getting torched today for another 4%.....some support at $28.55
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johnpaulca
12,036 posts
msg #131950
- Ignore johnpaulca |
10/17/2016 10:09:56 AM
SPY....time for retracement om 30-min...resis at 2129
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Kevin_in_GA
4,599 posts
msg #131951
- Ignore Kevin_in_GA |
10/17/2016 11:20:09 AM
Kevin_in_GA
3,805 posts
msg #131872
10/12/2016 9:45:09 AM
Short 1000 shares of DWTI at $58.00. May add to this as needed.
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Added another 1000 shares at $59.50. I have a multisystem for shorting UWTI based on 10 unique separate signals each with a historical win% of 85% or higher. Right now 7 of 10 are in play and the open trades are currently at a loss after this morning's move up.
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BarTune1
441 posts
msg #131952
- Ignore BarTune1 |
10/17/2016 12:01:32 PM
@Kevin,
Position sizing looks a little aggressive on DWTI for a triple leveraged ETF ...
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Kevin_in_GA
4,599 posts
msg #131956
- Ignore Kevin_in_GA
modified |
10/17/2016 12:58:42 PM
@BarTune - I can count on you to have my back, dude. Given the profitability of these filters against 5 years of data and in recent paper trading, I am comfortable with this amount. Given that there are 7 active signals right now and I am getting in at a price better than the system entries, I think this will resolve itself in my favor or I would not have added to my current position.
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mahkoh
1,065 posts
msg #131961
- Ignore mahkoh |
10/17/2016 3:27:08 PM
Sold to open PVH nov18 110 puts for 3.30 with PVH at 110.67
Margin 2458 per contract, return on margin 12.6 %
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johnpaulca
12,036 posts
msg #131966
- Ignore johnpaulca |
10/17/2016 4:43:34 PM
RGLD....small position at $66.89....don't have a confirm buy signal but sitting in a zone where the probability of a gap up is likely next trading day.
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mahkoh
1,065 posts
msg #131968
- Ignore mahkoh |
10/17/2016 5:26:47 PM
Kevin, what's the point in going short DWTI instead of long UWTI unless you expect to hold for an extended time? Watch this position carefully, I have been in a situation where I thought I was in profit only to find out my shorts had gotten called in earlier that day.
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Kevin_in_GA
4,599 posts
msg #131969
- Ignore Kevin_in_GA |
10/17/2016 6:18:10 PM
Basically the trend for both DWTI and UWTI is negative, as is the issue with many leveraged ETFs and especially with 3x ETFS. In this specific instance looks at the YTD performance - DWTI is down -70.49% and UWTI is down -31.95%.
The system focuses only on shorting DWTI or UWTI instead of going long in either.
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BarTune1
441 posts
msg #131970
- Ignore BarTune1
modified |
10/17/2016 7:34:38 PM
@Mahkoh
Shorting DWTI (if you are able to borrow the shares) is a much better option than going long UWTI because of the natural decay of triple leveraged ETFs. They are notoriously inefficient and daily rebalancing costs are a constant drag on the price typically. In effect, Kevin is trading with the tide rather than fighting it.
You do have a point in that the short could be called in at any time. That being said, I've shorted well over a thousand trades in the last couple years and have only ever been called on a few trades (less than 5).
@Kevin
Wondering if the logic above would be useful in trading your VIX signals. Rather than go long VXX on a buy signal, might be better off shorting the inverse leveraged ETF?
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