It’s still morning here in the Mid-west but the trading day is well under way. I started the week holding a put from last Wednesday that I bought on a 30-min chart. It hit my stop today and so I exited with minimal profit.
With the holidays coming I decided that it wasn’t worth trying play volatility. Those that create volatility are starting to wind down their positions and will continue to do so until the end of the year.
So to better reflect the lower volatility I’ve moved back to my 5-min charts but with an emphasis on tracking the A/D difference.
It seems to help. I entered another put (same put, lower price) at $1.28 and currently it’s at $1.45. Not bad. But as it is said, “The proof is in the pudding”. We’ll see where I get out.
