Yesterday I took on the strategy that if the market was up at the open I would buy the downside in the form of more puts to compliment the ones I left on overnight. Today the same strategy gave me the same results.
I don’t like leaving an open position on overnight but it seems that it seems to be working. You may want to learn about the technical indicators I’m using. I’m not going to give you all the information. Just consider this a homework assignment.
The two indicators that seem to be playing out well in today’s market are “Polarized Fractal Efficiency” and “TRIX”. You may be able to learn of these at Stockcharts.com. They have an awesome chart school, free of charge.
I’m using them on a daily chart and comparing the two’s interaction. Very interesting.
Got questions? Just ask.
