GDXJ looks good with about 10,000 shares, too bad I can't afford that.
Slow market
#11
Posted 08 April 2019 - 12:02 PM
#12
Posted 08 April 2019 - 12:05 PM
Only options that I've found to be ok to hold are 9-12 months out. Close dated often lose 25% overnight in decay, losing battle.
Edited by CLK, 08 April 2019 - 12:13 PM.
#13
Posted 08 April 2019 - 12:08 PM
45 degree moves are good for scalping, nothing else, so sick of those.
The buy programs just suck up every dip.... I wasn't always a VST trend trader... I made lots of changes to my trading system based on the current market, and I will not fight these buy programs. Banksters, Buy Back, etc.... No need to try and pick a top. It doesn't even get my attention until I see the 2 hour sell signal...
The 13 EMA blue line needs to move under the orange histogram bars before I even think about a VST short position.... The buy programs got this for now.... Waiting, watching and I remain long.... VST trading some VXXB, but making no money so far...
https://stockcharts....901&a=657033717
Good Trading!
I want to point out I trade only plain vanilla shares at Vanguard. That means I can move out and back in very quickly at no cost to me.... The trades are free with no decay. I can see it's much harder for you trying to make guesses on what the market will do next using a decaying type trade...
There will be time for those, but for now it's my opinion one should be very NIMBLE for several reasons I track.
Good Luck with that Brother....
Edited by robo, 08 April 2019 - 12:13 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#14
Posted 08 April 2019 - 12:14 PM
Yeah, often the signal though is right where they countertrend on you, before the real drop.
#15
Posted 08 April 2019 - 12:27 PM
Yeah, often the signal though is right where they countertrend on you, before the real drop.
BT it for yourself and see where you would have bought and sold on my 2 hour chart.... The daily has remained long (trending up) for many weeks now, except for the quick pullbacks which I sold and the bought those shares back ... Remember, I can trade free, as often as I want with no decay. The 13 EMA above the 2 hour histogram below. There were not many whipsaws. 80% of the time the market is trending and the current trend is up Brother. I will not make as money as you, but I use very high Risk/Management tools.
https://stockcharts....858&a=657472888
Good Trading.
Daily - VXF was only below the 13 EMA several days.... It's the only index I trade....
https://stockcharts....794&a=657474219
Edited by robo, 08 April 2019 - 12:33 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#16
Posted 08 April 2019 - 04:08 PM
45 degree moves are good for scalping, nothing else, so sick of those.
The buy programs just suck up every dip.... I wasn't always a VST trend trader... I made lots of changes to my trading system based on the current market, and I will not fight these buy programs. Banksters, Buy Back, etc.... No need to try and pick a top. It doesn't even get my attention until I see the 2 hour sell signal...
The 13 EMA blue line needs to move under the orange histogram bars before I even think about a VST short position.... The buy programs got this for now.... Waiting, watching and I remain long.... VST trading some VXXB, but making no money so far...
https://stockcharts....901&a=657033717
Good Trading!
I want to point out I trade only plain vanilla shares at Vanguard. That means I can move out and back in very quickly at no cost to me.... The trades are free with no decay. I can see it's much harder for you trying to make guesses on what the market will do next using a decaying type trade...
There will be time for those, but for now it's my opinion one should be very NIMBLE for several reasons I track.
Good Luck with that Brother....
Although as I've said selling out of the money options loves the decay as they lose their value!!
#17
Posted 08 April 2019 - 04:20 PM
Only options that I've found to be ok to hold are 9-12 months out. Close dated often lose 25% overnight in decay, losing battle.
Amen brother love it!! Sounds better than it is though as I always sell out of the money options but has been good over the years.
#18
Posted 09 April 2019 - 08:51 AM
They may still go for 2840, looks the same kind of top. Nobody wants to be the bag holder at new highs, hence the selling, not buying.
The writing was on the wall, unsustainable angle of ascent.
Edited by CLK, 09 April 2019 - 08:52 AM.
#19
Posted 09 April 2019 - 08:59 AM
class C bearish divergence between DJIA and MACD