12 replies to this topic

[NAV]

SPX 2712.5. Below that, i will sit tight on my short. If 2712.5 breaks, i will exit and re-short from higher levels.

[NAV]

Exited another 1/3rd for 50 points. Used to take weeks to make this kind of money.

 

Will hold the last 1/3rd for re-test of the lows.

Edited by NAV, 08 February 2018 - 09:50 AM.

[cycletimer]

NAV,

I bet you're spending much more time in front of your PC screen than ever before!   Volatility brought you back!

[NAV]

NAV,

I bet you're spending much more time in front of your PC screen than ever before!   Volatility brought you back!

You bet !

 

 

VIX 15-25 is my sweet spot for swing trading. Above 25 swing trading gets tougher and day trading becomes easier. Below 15 swing gets tougher and positional becomes easier. Day trading is too intense for me. And i don't have the patience for positional and big drawdowns. So yes, when in the sweet spot, i try to make as much money as possible.

Edited by NAV, 08 February 2018 - 10:16 AM.

[NAV]

Again, for those who say small stops don't work, my stop was 6 points and reward 50 points. That's 1:9 risk/reward. Reward has got nothing to do with your initial stop. It's more a function of market move and one's holding power.

[NAV]

Exiting all here at 2631 for about 85 points profit.

 

2620-30 area has very strong support and will not get taken out in the idle hours. I will reconsider shorting after 11 PST again. Or maybe just take the rest of the day off and enjoy the profits. 85 points in 2 days is a lot of money. 

Edited by NAV, 08 February 2018 - 12:29 PM.

[NAV]

It's been a whopper of a week for me ! 2 big trades.

 

VIX is above 30 and it's not a sweet spot for my swing trades. I will take it easy here until the volatility drops. Maybe a few scalps in futures here and there, but no swing trades for now.

[Venatici]

Congratulations!

 

 

It's been a whopper of a week for me ! 2 big trades.

 

VIX is above 30 and it's not a sweet spot for my swing trades. I will take it easy here until the volatility drops. Maybe a few scalps in futures here and there, but no swing trades for now.

[claire]

Impressive, NAV 

[larryh]

Awesome trades !!

 

Have been following your insights and piggy backed your levels for today and instead of holding longs and getting killed, was able to get a couple of trades in and made a little $$  Thank you !!

 

Hope you keep posting your thoughts and ideas !