Ape

How I Beat the S&P by Playing the S&P

AMEX:SPY   SPDR S&P 500 ETF
613 8 12
My approach was simple, be patient and do not get greedy. I used nothing more then a candlestick chart, volume , and trend lines to formulate my plan. The weekly chart was my big overall picture, I would then repeat the process on daily and hourly charts. I would wait for the opportunity for when the market would come down to its trendline, and buy when the weekly daily and hourly charts aligned just so. I used options as my investment tool. I would buy ATM options a month-2 months out, and would sell those options on the rebound as prices reached its' previous high. I did not always catch the exact bottom, or picked the exact top, but this approach allowed me to achieve nearly 200% return on my account total. Discipline and patience is all it takes folks. Here's to a profitable 2015 for all.
asi
2 years ago
very nice, i like your approach i have a similar one i just use weekly's and monthly's.
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asi
2 years ago
snapshot
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YoungMula
2 years ago
I just started using this strategy as of October and noticed it's benefits as well.
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Jimq45
2 years ago
Great Job! Nice Discipline!

Please remember though - " You only see who's swimming naked when the tide goes out" - This is a bull market 'strategy'.
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Ape Jimq45
2 years ago
I couldn't agree more jim! Thats why position sizing and profit taking is so key. I would never put all of my money into one single trade as no one should
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Agree!! Nothing beats candlesticks as they are. And weekly is best to trade high probability trades on H4 or H1 for the week. A confirmation for Monthly & Weekly is like the sweet reward the market gives to those who are patient.
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aletsix
2 years ago
Nice! are you buying puts at market tops or just calls @ bottoms?
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Ape aletsix
2 years ago
I only played the long side of the trade, the market tends to be choppy at the tops, and as you know that just kills the premium in options so I stay away from the puts.
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