8.11.2023
inception price action
ES 121 non-directional trade with a target of 1.25% return on account net liq
This is the 16th trade in one account for this calendar year, with a market neutral, delta-neutral bias.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. My approach is to remove the directional bias and opinion about the market, and just leverage the power of time decay.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 60 DIT (days in trade) regardless if target profit is achieved.
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
Anywhere in the "peak profit" zone is where maximum profits occur.
Happy Trading All!
-kevin
inception price action
ES 121 non-directional trade with a target of 1.25% return on account net liq
This is the 16th trade in one account for this calendar year, with a market neutral, delta-neutral bias.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. My approach is to remove the directional bias and opinion about the market, and just leverage the power of time decay.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 60 DIT (days in trade) regardless if target profit is achieved.
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
Anywhere in the "peak profit" zone is where maximum profits occur.
Happy Trading All!
-kevin
Trade active:
8.30.2023
Adj #1
Delta correction as bias has switched from BEARISH to BULLISH
Adj #1
Delta correction as bias has switched from BEARISH to BULLISH
Trade closed: target reached:
9.1.2023
trade closed, target profit
trade closed, target profit