7/21:
SPY: $3,222
hedge: -$1031.80
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July 20, 2011
7/20:
SPY: -$90
Hedge: $328.30
Intraday vs. Long Term
100% was the cutoff when I was doing it intraday. The leverage is so high that you have to do it that way.
As I mentioned in this journal, for my current SPY position I wasn’t planning on closing it out if it went below that line, and then when that happened, I didn’t close it out. In fact, my next add position is below the 100% line.
It depends on how you want to size your positions, your account size, your timeframe, etc.
July 19, 2011
7/19:
SPY: $54
hedge: $281.40
Both are positive right now, albeit not by very much.
July 18, 2011 – Follow Up
I hope you guys all got the sarcasm in that previous post.
There is only one way to trade with Fibonaccis, and it is the way I am doing it. It has nothing to do with predictive power, magic percentages, or sea shells. Sorry to burst your bubble.
July 18, 2011
7/18:
SPY: -$3,762
hedge: $1,876
It seems that SPY made a candle formation today. Doesn’t that mean it should go back up?
But wait, I have some great news for the Fibonacci crew.
Did you guys notice this?
If you start at the lowest low in recent swings, and draw the line up to the recent swing high…
Are you fib lovers ready for this?
You are going to love this.
Going from the low to the recent high and drawing the fib retracements…
Todays’s low (and reversal) WAS EXACTLY AT THE FIB LINE!!!!!!
See chart!!!
FIBS HAVE MAGIC PREDICTIVE POWERS!!!!!!!!!!!!!!
THE UNIVERSAL MATH OF NATURE AND SEASHELLS MAKES MONEY IN THE FINANCIAL MARKETS!!!
August 15, 2011
8/15:
SPY: -$16,644.00
hedge: $3,011.58
Net for this trade:
-$13,632.42 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$8,347.41
July 14, 2011
7/14:
SPY: -$3,186
hedge: $1,641.50
July 13, 2011
7/13:
SPY: -$1,944
hedge: $1,031.80
July 12, 2011
7/12:
SPY: -$2,340
Hedge: $1,313.20