A bit of a ramp job into the close after the wave 3-of-3 breakdown failed and it looks like short vega range trades is the way to go.
Elliott Wave International Webinar Replay http://gainesville.elliottwave.com/t/271285/6991741/260168/24/
Paul Tudor Jones Video – https://youtu.be/-38x671CUQw
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Join us as we uncover the new MotiveWave cloud-based workspace sharing program where you can receive real-time Elliott Wave analysis on your MotiveWave charts direct from Todd Gordon’s personal trading workspcae. If you have questions, comments, or want to share your experience, come on by. Bring your computer microphone so you can ask us questions.
Join us for the back-half our trip to beautiful Colorado for a family reunion and most importantly to celebrate Grandma’s 90th! In my usually dysfunctional manner we take the kids to a brewery and then a distillery and explore other cool parts of Colorado
Todd, question on position sizing for butterfly, diagonals or other strategies not included in your spreadsheet, should we base the total of each trade equivalent to the % and $ amount we defined on our Risk Profile? Not to exceed Total Premium Paid for Net Debits and/or Total Max Loss/Risk for Net Credits? Or are you going to update the spreadsheet to accommodate these type of strategies.
Would it be possible for Todd to update the chart room?
Kind regards,
Joseph
Another quick question, what if we were to buy back our 2680 Puts in the SPX butterfly and then resell them after the next leg down? Wouldn’t that increase our profits and are there big pitfalls to doing that sort of trade?