Submitted by PuppersGoneWild t3_z95pgl in wallstreetbets
PuppersGoneWild OP t1_iyf8zye wrote
Reply to comment by Beautiful_Cookie_639 in I’m a SPY puts guy and no I won’t pivot by PuppersGoneWild
I am very new to this but I’ll tell you my current doctrine - I don’t believe in Fibonacci and I believe most of technical analysis is bullshit - I mainly try to pick psych resistance levels and watch macro economic events - I sometimes look at RSI for divergence. At first I was setting up puts with short exploration dates but know I feel more comfortable with 1 or 2 month dated options. Also I don’t setup puts when the PCR ratio is spiking. Any suggestions appreciated
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