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gbarber

Member
25
Posts: 28

Joined: 2/26/2018
Location: PEARLAND, TX

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Subject : RE: ATM3 Early Results
Posted : 2/27/2020 10:42 AM
Post #30923 - In reply to #30920

Mark
I am currently showing a $67,322 loss which is 48% of the cost so cost was $140254. btw, the loss is slowly getting a little better. It was over $80,000 for a while.
No the options cost more than the current loss. If the options were held to expiration, they would expire worthless and the loss would be 100% of the cost. We cannot lose more than the cost when buying calls.

I have to admit I would not have the courage to put out such a large bet in the real world. I am and I suppose all of us are hurting with the black swan upon us. I have hedges with gold and T-bonds that are doing well. but I didn't buy enough of that insurance. I had a March put on SPY but sold that when the market made a sharp turn up. I have trailing stops under most of my investments. Unfortunatly some of those ase getting filled.

btw, I have changed my ATM3 test to use limit orders and to trade both short and long. I am in process of trying that with autotrade into a paper account. Will let you know what happens.

In my opinion, the initial gain experienced with buying calls on the symbols ATM3 listed as buy to open calls shows that, technically, the signal was well placed by ATM3. But even the best technical analysis will not overcome a black swan.
Deleting message 30923 : RE: ATM3 Early Results


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