About this template
This is weekly Put Bot that shorts the SPY. Since we're in the bear market. I decided to create a simple bot that just shorts the market. The safest way possible it's going long on puts. There is no risk of assignment because it just goes long on puts or long on calls. As always keep it simple stupid. Plus no PDT because we are taking one weekly call or put. I'm doing 1 contract because I'm thinking of small accounts. Even if you lose 3k. We'll we can always write off in taxes. It's still a coinflip so. Yes this can easily blow up your account. But so can theta can also blow up your account slowly.
This is temporary bot. I only would at most launch in bear markets like for 1 or 2 months. I don't see any reversing candles. You have to monitor that yourself. Candle stick patterns are also at 50-60% accuracy.
The average bear market in the S&P 500 has lasted 289 days, or about 9.6 months. However, the duration of bear markets can vary significantly. The shortest bear market lasted just 33 days, while the longest lasted 630 days.
The current bear market began on June 13, 2022, when the S&P 500 closed down 20% from its all-time high. As of today, August 25, 2023, the bear market has lasted 160 days.
It is impossible to say for sure how long the current bear market will last. However, if it follows the historical average, it could last another 129 days.
It is important to remember that past performance is not a guarantee of future results. The length of any particular bear market can be affected by a variety of factors, including the overall economic environment, the Federal Reserve's monetary policy, and investor psychology.
If you are investing during a bear market, it is important to stay calm and avoid making rash decisions. It is also important to remember that bear markets are a normal part of the market cycle and that they eventually end.
Long Puts SPY for a few months it could potentially make 3k. After the bear market is over in those bear months. Manually shut off. Adding a little vix makes going long on PUTS 80%. Added RSI is SELL. To filter it out. So it's better than a coinflip. Majority of the time spy is bullish. So B/H SPY is the champion.
Long SPY with RSI buy filter.
Long calls for 10 years. Only in bullish market. I recommend filtering out for bullish indicators. Backtest.
Legal Disclosure:
This bot only has been paper traded and not launched live. I’m not a financial advisor. This bot is made for entertainment purposely only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!