Options

My current system seems to be working just great. no optimization needed for entry. its the exit that needs tweeking for each stock or etf. So i wanted to look back and see about my decisions to buy QQQ puts in Feb using my system. I can see that all indications were pointing up for the market at that time and I was making that age old mistake of top picking. ugh... boy did I take a beating on those. breakeven .67 current price is .05. 42 april puts with the Qs at 47 now. This aint gonna happen. best I can do is pray to recover half the cost and roll out to June or july. but most importantly I now have a good enough system to keep me from doing this top and bottom picking and instead wait for the buy or sell signal. Its gonna take patience but I have been burned so many times by thinking I could tell when the market might turn. Look at my gpanek account in market gure. its all about top and bottom picking and its decimated. I had TNA the entire time the market was going down, then bailed with a loss when it woulda made a ton. after I bailed I started accumulating TZA with an average price of 9 and its at 7.30 right now. If I had followed the new system I woulda made a bundle. live and learn... hopefully.