Daily weekly Dow Trading system

foroom lluzers

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Using a weekly or daily put option as a protection for a long trade .There is the cost of the options to be deducted from profits , but this cost gives the holding power to hold on to your trade , for almost a week or month.

Before opening trade read context to see support /resistance ,if context is good buy near support and close end of day.Dow , Nasdaq and S and P must be positive for longs.

As an example
weekly dow put long cost 34 strike 21100
long cash dow 21120

I did a similar trade on friday long 21150 ,long 21130 put for 16 = net cost 21166
Exit 21200 , profit 34


http://www.trade2win.com/boards/trading-systems/223496-trading-without-stop-loss-using-options.html

I start with a daily option trade , after 2 losses I move to weekly options , therefore recovering all previous losses .

No closing half position , just run your profits.Close losing trades at end of day .

After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses
Practise on demo first , this hp system


http://www.trade2win.com/boards/edu...h-probability-trading-system-75-hit-rate.html
 

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Traders would be better off buying at bottoms , supports of djia , as opposed tobreakouts.
 

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Buy at supports or bottom of up trend lines
 

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All are promised 72 of them if they follow this system and trade it.
 

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GOT 58++ long 21211 long 21200 daily put cost 22 = net 36

trend trade
 

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