David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
Cool as a cucumber.
thnx, Sam
Hello,
Great website. Thank you for spreading the knowledge.
I have some questions. The KISS system makes a lot of sense, but a given stock, especially something as volatile as AAPL, can be above or below 10 SMA at the open, during the day and at the close. What is the criteria for entering a trade? Do you enter when it is above 10 SMA at the end of the day, intraday, at the open? What if it is above 10 SMA one day and moves below 10 SMA the next day, do you exit?
Also, how do you recommend entering the trade using options? Does one buy a naked Put or Call (at what Delta, 70-ish?) or would you recommend using vertical spreads?
Thanks,
-Danica.
Danica,
Thanks for the comments.
I will be posting the details of Fitzstock Charts Premium Service very soon, and I will be happy to explain more of the methodology to you then.
I look forward to working with you
David