I entered this call side move near end of day on the 3/30 as I'm now trading just the weekly exclusively since late January
If you've also been in for some time, note that we are nearing six month lows on the put side and overbought on calls
You may wish to manage accordingly
@Investandbefree
I want to get your clarification on one thing.
Per line 13 in the LTF4 SOP, if a side has just either Daily or weekly alignment (one or the other), but not both, then a full exit of 20% doesn’t apply? Correct?
Example - S has Daily alignment, but not Weekly.
@drakesmith__@CasazzaD@KwicKTrades@ltf_nick@TwoCommaMomma@Investandbefree
I appreciate all of the replies, though still not crystal clear on the baseline meaning of the SOP.
Based on the SOP does a trader take full profit at 20%, if not aligned w/ both the daily & the weekly together?
Or just not aligned with one or the other?
@drakesmith__@CasazzaD@KwicKTrades@ltf_nick@TwoCommaMomma Sure, I do understand that and have done something similar.
However I want to have a 100% clear baseline understanding of the SOP. I’m just not clear exactly when to take full profit at 20%.
Is it if you don’t have alignment of BOTH D and W then you take full profit at 20%?
@mjsmith@Investandbefree Thanks. Yes I’m clear on this.
The one thing I’m not 100% clear on for the SOP is when the alignment is mixed. Say for example if T has Weekly alignment, but S has the daily alignment.
@Investandbefree
I want to get your clarification on one thing.
Per line 13 in the LTF4 SOP, if a side has just either Daily or weekly alignment (one or the other), but not both, then a full exit of 20% doesn’t apply? Correct?
Example - S has Daily alignment, but not Weekly.