My game plan for next week

luckystar2006

It's very likely that I'm NOT going to do anything big next week since none of reliable buy & sell ST signals show any big opportunity to trade.  That said, I'm going to use 2 swing trading systems (below chart is one of them) to trade on both Calls & Puts option.  I'm going to use very small capital to play on both sides with maximum amount is no bigger than $10k, according to risk management 101

For next week, I'm feeling a little bit bullish, but I don't think bear is out wood yet.  I guess it's very likely market will re-test its previous high on last Friday.  But with TRIN closed in positive (despite a big up day) and VIX dropping >15%.  We are very likely to see a red day either on Monday and/or Tuesday.  So, my game plan for my 1st trade next week is to use swing trading systems to SHORT the market and hold for 1 to 2-day (i.e. check red squares on my chart).  Then, for the rest of next week I will use my swing trading systems to LONG the market again when buy signals show up.  So, probably I'll only make 2-trade per the whole week.

One thing to pay attention to is that any market moving news will very likely has a big impact on swing trades.  So, I NEVER trade before the news.  FOMC meeting isn't until the week after next week.  So, I exclude this news for next week game plan.

Until then, have a good weekend and enjoy the holiday spirit. After writing this post, I'll spend most of my time away from my computers to relax and doing some shopping.

源济

谢谢分享，周末愉快！

ysc

befriend

谢谢分享

bokchoy888

cfayahoo

Thanks for sharing . Keep us posted if your trad plan changed.

RespectRisk

georgeyn

dsp

wreckbeach

luckystar2006

cfayahoo 发表于 2015-12-5 07:46 PM
Thanks for sharing . Keep us posted if your trad plan changed.

Even though my swing trading plan works quite effectively for my trading style, it might not be suitable for some of you.  I used my weekly trading plans for years (I still continue to improve it from time to time) to trade 3x leverage ETFs such SPXL & SPXS.  However, since I started to trade Options early this year I modified it to to suit my option trading style and this is my first time to disclose it on here.

Here is my strategy on how to trade by using weekly trading plan.  I only use ~5% of my portfolio for each trade for both Puts/Calls with expiration date no longer than 2-week.  For example, let's say I've $100k in my trading account.  I would only use $5000 per each trade which is the maximum amount that I could afford to lose.  Most of the time I make few hundreds to few grants per each trade with a holding day of 1 to 3-day.  Sometimes when one trade goes sour, I'll get out with some lost (that means I won't lose entire amount of $5000.)  Such strategy works for me because at the end my profits are far more greater than my losses.

The bottom line is that if someone uses his/her entire investment account to trade on ETFs based on my swing trading plan, then it's a big NO-NO because my trading plan is not intended to suit such trading objectives.  It only works best with Options trading.

I'll do my best to post before my signals kick in , but again I'm on here just for fun/sharing/learning/helping other hutongs.  I just don't recommend anyone to follow me blindly because one strategy works for one person does not mean it works for others.

cfayahoo

luckystar2006 发表于 2015-12-6 10:00 PM
Even though my swing trading plan works quite effectively for my trading style, it might not be su ...

Thanks, Do you still trade 3 times ETF?

luckystar2006

One signal is triggered while another one has not been confirmed yet.  This mini-bear shall has legs after a rebound

luckystar2006

Shorter time-frame shows market is ready for a rebound and it could be a co-incident that market tends to rebound ~10am recently.

luckystar2006

SnP is on MA-20 support.  Swing system is still in SELL mode.  So, I guess it's NOT safe to buy here and hold overnight

luckystar2006

Look like Bulls are celebrating that big Friday gain over the weekend and they are still high on weeds.  Someone needs to wake them up asap

cfayahoo

luckystar2006 发表于 2015-12-7 10:22 AM
Shorter time-frame shows market is ready for a rebound and it could be a co-incident that market ten ...

How low do you think market will go before it rebounds ? Thanks

luckystar2006

cfayahoo 发表于 2015-12-7 11:07 AM
How low do you think market will go before it rebounds ? Thanks

I just entered a tiny amount of Calls with expiration this Friday to long the market here for fun. I think it's ready to rebound now.

luckystar2006

Out of my puts with a couple hundred $$$

luckystar2006

Double-top breaking down???