Hi Guys,
The market took a plunge on Friday, and that has triggered a number of trades for us. After a lot of patience, we are finally seeing some action.
Late on Friday I picked up stock positions for BLL (main account) and BROS (low-priced account). Then this morning there were two different MES futures trades that I took (strategies MT 39 and MT 71, respectively, for those interested). I also posted their stock equivalents using the ticker SPXL for those who prefer not to trade futures.
In addition, VMW qualified for the double down strategy so I bought stock and options positions for that ticker this morning. The double down strategy gets activated when a stock price goes down hard and fast right after setting up for my normal trading strategy. The average payout in back tests is even higher for the double down trades than my normal trades, but they set up less often.
Since I took that double down trade, you'll notice that I have two trades for VMW in both my main account and my extra options account. They are two completely separate trades, with separate exit conditions. They are both on the same ticker, but I treat each trade independently. I have a video that talks about how to set up multiple orders for the same ticker posted here. The 5:40 time stamp in the video is when I start talking about it. The example in the video is shown on futures, but the same concept applies to stocks as well.
If you have any questions or feedback, I'd love to hear from you.