Hello everyone,
I have a very busy work schedule on daily bases, and I have been looking for a stress-free daily trade strategy. I have been trading a strategy of selling vertical ATM options around 1 hour into the session for a 50% chance, win 50 or lose 50 risk to reward trade on XSP for a while now. I use different strategies to pick a direction and have been about 70% successful which works for me so far. I was wondering if anyone here has a way of predicting where the market would close for the day. I essentially am looking for a way to decide if the market will close above or belove where I would put on this trade. I would appreciate any input. I understand there is no way to tell 100% of the time, but I thought there must be strategies to help with this.
Thank you
I have a very busy work schedule on daily bases, and I have been looking for a stress-free daily trade strategy. I have been trading a strategy of selling vertical ATM options around 1 hour into the session for a 50% chance, win 50 or lose 50 risk to reward trade on XSP for a while now. I use different strategies to pick a direction and have been about 70% successful which works for me so far. I was wondering if anyone here has a way of predicting where the market would close for the day. I essentially am looking for a way to decide if the market will close above or belove where I would put on this trade. I would appreciate any input. I understand there is no way to tell 100% of the time, but I thought there must be strategies to help with this.
Thank you