Get started

Adjustment

Selfkey (KEY) formed bullish Gartley for upto 21.50 pumpHi dear friends, hope you are well and welcome to the new trade setup of Selfkey (KEY) token with US Dollar pair. Previously in the month of Jun, I shared a long-term trade setup for a huge move of KEY, which is still in play as below: Now on a 4-hr time frame, KEY has completed a bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low and the RSI is setting a lower low. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
Rolling: QQQ May 20th 385 Short Call to May 20th 376... for a 1.38 credit. Comments: A small delta adjustment here to realize a gain on the call side, recenter my risk, and get a credit for doing it. Both sides are now at the 18 delta (ish) strikes, with net delta basically flat. Total credits collected of 10.88 with 77 days to go. I generally wait for side approaching worthless/side test to do an adjustment, but you can also do adjustments with greater frequency, depending on how "delta anal" you are. Alternatively, you can monitor your theta/delta ratio in the position and look to make adjustments at certain theta/delta ratio intervals (e.g., 2:1, 1:1, etc.). Here, the position wasn't all that skewed out from that standpoint and is currently at 16.38/1.31, so I could've probably also just left it alone, since a theta/delta ratio of >1 implies that theta decay will be such as to outpace any change in the delta of the position (at least when looked at from that snapshot of the position in time).
NASDAQ:QQQ
by NaughtyPines
How to adjust your charts for dividend paymentsBond funds like the SPDR Portfolio Mortgage Backed Bond ETF (SPMB) often look like money-losers when you view their returns on a non-adjusted basis. In this case, the price is down about -0.74% over the life of the fund. The picture looks very different when you adjust for dividends. For SPMB, the return changes to +46.09% over the life of the fund: That's obviously a very different chart than the non-adjusted chart. Dividend adjustment can also make a large difference for high-yield dividend stocks. For instance, IBM is down over the last ten years on a non-adjusted basis, but on an adjusted basis it has gone sideways. IBM, non-adjusted: IBM, adjusted: The commonly accepted adjustment methodology is that the most recent closing price will be the same on an adjusted and non-adjusted chart, but historical closing prices will be different. On an adjusted chart, the stock price on a historical date will be shown as the current closing price minus all dividends paid since then. Dividend subtractions typically are made on a percentage rather than dollar basis to prevent historical prices from showing as negative values. To actually perform the calculation is a little technical, but that's the overall idea. To apply dividend adjustment to a TradingView chart is super easy. In the lower right-hand corner of your chart, you will see the letters "adj". Click to toggle between adjusted and non-adjusted price data. When the text is blue, you are viewing the adjusted chart. When the text is black, adjustment is turned off. Right next to the letters "adj" is a "%" symbol. Toggling this on and off will switch the axis of the chart between dollars and percent change over the period visible on the chart. This is useful for comparing adjusted and non-adjusted returns. One implication of using adjusted charts is that the support levels and moving averages will be in different places. For instance, on a non-adjusted basis, VALE is currently below its 200-week moving average. On an adjusted basis, it is well above the average. VALE, non-adjusted: Vale, adjusted: In short, on an adjusted basis a stock may not be as cheap as it looks on a non-adjusted basis. Many quant traders and hedge funds will be using adjusted moving averages rather than non-adjusted ones.
Editors' picks
AMEX:SPMBEducation
by ChristopherCarrollSmith
28