Saturday, March 14, 2020

March 12 2020 Trades

Today I closed 6 trades and one was a looser trade. The  trades were based on the modified bollinger bands strategy  on daily candles. In this post I will try to explain the strategy used for these trades, and the same strategy that I use to share my trades on the free whatsapp group that I have which is open to anyone who would like to join.

Trade 1,2,3,4,5 and 6: SPX 0 DTE trade

In short for the modified bollinger bands strategy, I scan everyday the stocks for 5 closes below or above a modified bollinger band of standard deviation of 0.382 a well as the 50 SMA. 

As you can see on the trades below the strategy triggered and I entered a trade and on these kind of trades I like to take profits at 25% and go on to the next trade and our stop loss is two times the credit received as you can from the images below how much we collected and how much we paid to exit the trade and keep the profit. Two of these trades were winners and one was a looser where my stop loss is double the credit received. SPGI hit my stop loss and I exited for a loss. 



The only looser was JPM where it hit a day before expiration and i closed it even if it did not hit the stop loss on it. 

We opened the trade as following:

and we closed it

Total Profit for March 12 2020 profits:

Trade 1: $45
Trade 2: $32
Trade 3: $ 65
Trade 4: $74
Trade 5: $64
Trade 6: $-45

Total: $235 per contract.

Total March Trades Profit/Loss: $740 per contract.

Please note that I am sharing per contract and when I send my alert to the free whatsapp group I send 1 contract because each person has a different risk tolerance and for easy math for example if it is 30$ per contract then it is $300 per 10 contract. this way a small account user or a big account user can decide if they want to go with one or more than 1 contract. I usually trade sometimes 3 and sometimes 5 contracts but I like to share 1 in case there are people that have small accounts and want to grow it 1 contract at a time. 

Hope this blog helps you find profitable strategies and in case you want to follow my trades please join the whatsapp group