Maybe I just don’t get it. But I don’t agree with their strategies, at least with Index Calendar strategy that I subscribed to and let them auto-trade my account for the past three months.
I lost a lot of money with them.
They seem to like to use two- or three-month wide calendar spreads, and bet on a directional bias, hoping at some point in the next 60 days that the underlying index will fall into the desired range. Well, from what I’ve learned from Dave’s Trading Pro System, we shouldn’t try to predict price, it will only get us into trouble.
So I am going back to what I know and what I’ve learned from TPS: set up strategies with neutral Delta, right in the middle of the sweet spot, with plenty of room for the stock to go up or down.
Watch for my next trade on this blog. I opened a position this morning, and will be honing my own skills according to the TPS strategies. Here’s to making money in 2011.