Member
Posted 15 May 2017 - 09:50 PM
"I was hoping that the hedges would make money before re-balancing... I sold some premiums though for May, so this is still ok. I doubt we will see significantly higher, this is not a normal market."
I agree, it can go up, but without a refuel, its gonna take a lot to move it a little. Its really working around this SPX 2400 area lately.
Mark S. Young
Posted 15 May 2017 - 10:58 PM
I was hoping that the hedges would make money before re-balancing... I sold some premiums though for May, so this is still ok. I doubt we will see significantly higher, this is not a normal market.
That is very true.
Mark S Young
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Mark S. Young
Posted 15 May 2017 - 10:59 PM
Magic round number.
It's resistance... until it isn't.
M
Mark S Young
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Member
Posted 15 May 2017 - 11:17 PM
Mark, I wouldn't mind a blowoff...vol would pick up, it would go vertical, then come back and overall be good for many traders...hopefully :-). But with the robot landscape its seems very tough to get that, we'll see somewhere down the line.
Member
Posted 16 May 2017 - 07:21 AM
New highs and a failed NYAD divergence, I have to believe the IT sell is off. IWM has an inverse H&S MACD formation
on the daily back to November with the right shoulder almost complete. We could see another November type rally to
the 162 area.
Member
Posted 16 May 2017 - 10:46 AM
All these momentum indicators, divergences et al do not work in a trending market. We all know that. Yet we have a fatal attraction to them. Look at how many Daily, weekly and monthly divergances we got before we topped in 2000 and how many years it took before they materialized. Just follow the price. It's simple. No conflicts.
Member
Posted 16 May 2017 - 11:01 AM
They reversed higher and caught the next move in many of those instances. The problem with following net calls is that there is no really follow-up. People often only show up to tout a call after it appears to succeed. They don't flip their call when their indicators flip.
Edited by Data, 16 May 2017 - 11:06 AM.
Member
Posted 16 May 2017 - 11:06 AM
They reversed higher and caught the next move in many of those instances. The problem with following net calls is that there is no really follow-up. People often only show up to tout a call after it appears to succeed.
Charlatans
Member
Posted 16 May 2017 - 06:16 PM
Ninety percent of the time that people have attempted to post a real time trade only ended up in a loss. So I doubt there is
anyone here that has any real trading edge over time, no matter what method. People that merely invest have a significant
edge over traders that regularly take stop outs. I never lost money over time investing, quite the opposite with trading.
Catching the jump from November means nothing if the consolidation chop takes it all back.
Member
Posted 16 May 2017 - 08:54 PM
Ninety percent of the time that people have attempted to post a real time trade only ended up in a loss. So I doubt there is
anyone here that has any real trading edge over time, no matter what method. People that merely invest have a significant
edge over traders that regularly take stop outs. I never lost money over time investing, quite the opposite with trading.
Catching the jump from November means nothing if the consolidation chop takes it all back.
If you truly in beleive in that, then why are you wasting your time trying to trade the markets ?
