培训后的一点想法

1.Without any correction, a bull won't go far

2.A big question: when and where will a trend reach its end. Use "Profit Source" to find wave 4 buy and wave 5 sell, that software can give you prediction end time and target price. For example FPL finish its wave 5 at 04/06/2007, the software predict it will drop from current $62 to $55. By now(one week later), it is almost droped to $57.

3.TO DO:I need a procedure to identify each trade:identify the trade,predict target price and exit time,best spread combination with good ROI and Low Break Even

4.Volatility is the measure of expectation:When IV is high or the strike is expensive, then use spread. When using high strike option to finance the low strike option, ensure it covers at least 30% to 40%. Otherwise it not worth it to sell.
When determine the current IV, I can use one year IV to make a 10 bands group, thus, I will have a clear picture on where the current IV is.

5.When trade a stock, ensure it is liquid enough. The sliprage(difference between bid and ask) tells it.

6.FACTOR:All options always have current and next month optionElliot

7.Wave shows the Oscillator 5,35,OPEN/CLOSE. Where can I get that information.

8.TO DO:I need to make a Excel VBA to automatically calculate RISK/REWARD,BE/ROI.