In trading options how can a moderate loss (-7%) turn out to be a pretty good thing? When your system takes you out literally right before a huge market drop, saving you from a monumental loss. A week ago, IO (our Issues Oscillator) went long, but when the climb back up to SPY 240 ran out of steam, the system told us to get out on Monday… a day before the carnage, leaving our account well intact to trade another day. And with our first across the board distribution in March the winning streak may have come to an end (records are made to be broken, and so are support and resistance levels), but with TVO still hovering close to zero the big institutions have not abandoned ship just yet. -MD
To view past positions check out our Trade History.
To find out what the indicators mean, here's our TVO System Dashboard Terms Explained.Login. Not a Member? Join us.