|psar-search bidirectional trading on nugt returned 130%|
to get long on nugt i bought a call spread by simultaneously buying the july 46 calls and selling the july 51 calls. i paid $2.29 for this spread and by eod it was trading for $2.75. i am targeting $3.70 which is about a 57% gain and about 50% of the maximum profit possible in this $5 wide spread.
want my psar settings for nugt? come to the psar-psearch page where, for a modest fee, you can buy optimized settings for the acceleration factor/limit input parameters to the standard psar indicator. you can use those parameters in any trading platform that provides the psar indicator or in my sdi_psarstgy (free), pictured above, on the thinkorswim platform, which will provide an on-going back-test analysis as well as the indicator.