It s almost like top down trading but using time instead of markets and sectors to help inform your decision making.
Weekly stock trading system.
If conditions are optimal and the system gives a signal to trade a credit spread position is initiated on weekly options that expire in the next few days.
Take a look at this forex tutorial video with a weekly trading strategy which can aid you in eliminating bad trades.
A weekly trading system is likely to produce better results.
This can be done effectively using weekly charts which give you the overall trend definition.
I traded this system with real money for about 7 months in 2012 and liked it.
One reason i like it is that it lends itself well to running in full automation with tradestation 9 1.
Forex trading is ultimately about trading with the trend or momentum and using specific technical indicators on a weekly chart can help you stay on top of the direction of momentum and not get caught up in trading on minor shifts within the bigger trend.
Trend following is a well known concept underlying many successful trading systems.
Trading weekly options for a living allows you to be a short term trader.
Who knows but andrew may have other trading surprises for us as well and i m sure glad to be part of his trading group.
By coming up with a trading system that incorporates this bigger picture weekly view you can make your life much easier.
So if you ve even a little bit active with your stocks either as an investor or a trader.
This definitely adds up.
Enjoy the benefits of the system our proven proprietary weekly option trading system takes the guesswork out of option trading.
The second system that is not posted daily is my weekly system which is longer term and holds trades typically 2 to 4 weeks.
Test results for this system were.
This system takes much fewer trades.
Typically trading weekly options means you re making 4 trades a month this can also be considered swing trading options.
Probably the first such system was the weekly rule devised by richard donchian.
Second if you sell a weekly option on wednesday at noon that expires on friday your trade is only open for 19 trading hours 2 days which is less time for the stock to move against your position.
That might not sound like a lot but remember you control 100 shares for every option you purchase.
In fact so much more that i became lifetime member of weekly options trading so i would be able to be part of weekly options trade and to many more years of placing trades on the spx.