Bought another ES LONG hedge, hate to do it, but it is strategy to hedge a bit 2833
Critical week as aggressive bulls try to take it thru this strong thick resistance zone from 2880 to 2950
Added 2 more Crude LONGS
Will add more lower
Posted 20 April 2020 - 05:09 AM
Bought another ES LONG hedge, hate to do it, but it is strategy to hedge a bit 2833
Critical week as aggressive bulls try to take it thru this strong thick resistance zone from 2880 to 2950
Added 2 more Crude LONGS
Will add more lower
Posted 20 April 2020 - 07:39 AM
Posted 20 April 2020 - 07:52 AM
I still have my short from 2854 I put on at the end of the day Friday, stop is currently 2822. If that gets filled I think I'll restart selling at 2850 and up if we get there. $11 oil wow, never thought I'd see that even I'm thinking of buying!
Posted 20 April 2020 - 09:57 AM
Lots of trading.... closing 2 ES LONGS
Posted 20 April 2020 - 10:01 AM
There we go first short 2852!!
Posted 20 April 2020 - 01:58 PM
Ok that was fun, new profit stop now at 2825, keep moving it down now.....
Posted 20 April 2020 - 02:01 PM
how in the world do people hold until the last day or two days of an expiring contract, a physical commodity !
Buying 1 ES as a partial hedge for my large SPY PUT holding
I may add more crude long but later than the JUNE contract.
Posted 20 April 2020 - 02:30 PM
This world is just getting so bizzare I don't remember this ever happening before with oil!!
Posted 20 April 2020 - 03:52 PM
Rolled all my JUNE crude contracts into JULY
Been there done that too many times, not going to trap me !
I prefer to hold CRUDE mini Futures in my LT PORTFOLIO instead of buying the ETF or the actual companies
With the implosion of the MAY contract expiring tomorrow and the prospect of the collapse of the crude market one expects urgent and concerted action soon by the major oil producing nations; in addition, crude cannot and will not be down to levrsl lower than $20 for more than a month or so.
Posted 21 April 2020 - 07:59 AM
Stopped out of JULY CRUDE LONGS
Not bothering about it since I could not predict or expect such a massive move down during the past few hours; however, getting up early and trading early helped since I got out with a smaller loss that where the market is now.
Now buying SEP and OCT LONGS