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#11
January 27, 2010, 6:06 pm
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Interesting, Chuck.
I was thinking of the Call side, in March. I'm thinking we have probably seen the top. I believe you do far OTM spreads with high prob, high risk/reward. What is your thinking now? -aw 
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#12
January 28, 2010, 5:06 am
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aw,
Yea I do credit spreads on RUT with far OTM with low probability of short being ITM at expiration. I don't calculate my risk/reward directly put want to make at least 8% profit per month (don't always make it). (I never try to hit a home run, just ground balls!) Normally when I do both the CALL and PUT side of RUT, I make my goal. Yea the charts tell me that CALL RUT credit spreads are the way to go now but my gut tells me RUT is going up. I don't trade based upon my rules but I will stay out of a trade if my gut tells me to stay out. Remember having cash is not bad -- and I don't trade for a living so I can go a month or two without making my goal. Life is good. Chuck
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| The Following User Says Thank You to Charles Mudd For This Useful Post: | ||
awtrader (January 28, 2010) | ||
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#13
January 28, 2010, 5:08 am
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aw,
Corrections to above. I do trade based upon my rules. I don't trade based upon my gut feelings. Sorry. Chuck
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