More likely there will be a gap-up at the open.............
My FF for Tuesday
Started by
redfoliage2
, Dec 29 2017 03:25 PM
5 replies to this topic
#2
diogenes227
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Posted 29 December 2017 - 03:53 PM
More likely there will be a gap-up at the open.............
I've been enjoying these gaps up and slide downs almost every day.
Day trading them with weekly SPY and QQQ puts. Racked a 30% gain today on the in-the-money SPY put, scalping. Felt great about that (and of course that position is up 80% right now. 
).
If this is how the "epicenter of wave three" works, I wouldn't mind if this went on all year.
But if it turns out this pattern is distribution, it may be nice to be in puts when that becomes obvious. Distribution? Distribution? WTF does that word mean? 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#3
alexnewbee
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Posted 29 December 2017 - 04:02 PM
May be ìt ìs not distribution. May be.. But you better believe it is 
"we do G.d's work" Lloyd Blankfein
#4
diogenes227
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Posted 29 December 2017 - 04:09 PM
More likely there will be a gap-up at the open.............
I've been enjoying these gaps up and slide downs almost every day.
Day trading them with weekly SPY and QQQ puts. Racked a 30% gain today on the in-the-money SPY put, scalping. Felt great about that (and of course that position is up 80% right now.
If this is how the "epicenter of wave three" works, I wouldn't mind if this went on all year.
But if it turns out this pattern is distribution, it may be nice to be in puts when that becomes obvious. Distribution? Distribution? WTF does that word mean?
Oh, F me! It's up nearly 130% at the regular close. Sold on the yellow line (below) too soon, way too soon. 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#5
da_cheif
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Posted 29 December 2017 - 04:14 PM
More likely there will be a gap-up at the open.............
I've been enjoying these gaps up and slide downs almost every day.
Day trading them with weekly SPY and QQQ puts. Racked a 30% gain today on the in-the-money SPY put, scalping. Felt great about that (and of course that position is up 80% right now.
If this is how the "epicenter of wave three" works, I wouldn't mind if this went on all year.
But if it turns out this pattern is distribution, it may be nice to be in puts when that becomes obvious. Distribution? Distribution? WTF does that word mean?
Oh, F me! It's up nearly 130% at the regular close. Sold on the yellow line (below) too soon, way too soon.
your jar keeps filling up on these hiccups......my safety deposit box has been traded for bigger ones
all the way up.....
#6
redfoliage2
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Posted 02 January 2018 - 10:07 AM
VST signal turned into Bullish mode with the gap up.
Edited by redfoliage2, 02 January 2018 - 10:14 AM.
