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10 Wild & Frenetic Trading Days -- but Bullish after Nov 2nd


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#1 dTraderB

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Posted 17 October 2020 - 10:54 AM

Two weeks of trading - 10 days - that will be wild and crazy, maybe as volatile as you have seen before, but after November 2 - no matter who wins, there will be an explosive rally followed by a fairly long & steep decline. 

 

Or, the campaign from now to Election Day and the indecisive aftermath will lead to sharp losses. 

 

But, this appears to me to be similar to that Y2K thing when we were preparing for Armageddon but it passed without any significant incidents and led to the historic DOT COM bubble that finally crashed. 

 

I do not normally trade SPREADS but will  consider opening a few credit spreads. 

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Choppy Friday for #ES_F and its good idea to keep things simple. The big development the last 2 weeks was breaking above 3420 which was major resistance most of September/early Oct. As long as we hold above, path of least resistance is we continue higher. This gets bearish below

 



#2 dTraderB

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Posted 17 October 2020 - 10:55 AM

Replying to
Bulls want to see us get back 3480 Sunday after open which opens direct upside. Failure to recapture and we may need to correct further before upside continuation


#3 12SPX

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Posted 19 October 2020 - 08:43 AM

Think I'm getting bored of day trading or maybe its just cause the election is coming and don't wanna wreck my win streak, starting a short build at 3493.



#4 12SPX

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Posted 19 October 2020 - 08:57 AM

Profit stop 3492



#5 12SPX

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Posted 19 October 2020 - 09:01 AM

Profit stop 3488, keep it round....



#6 12SPX

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Posted 19 October 2020 - 09:08 AM

Profit stop 3485



#7 12SPX

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Posted 19 October 2020 - 09:20 AM

Keep it round profit stop 3483 and earlier have added to my November 3800 calls but that has dropped my average sell down to $8.00, still seeing a $3.00 profit overall.  I'm not selling any puts until after the election I don't think unless we fall at least -10% beforehand.



#8 12SPX

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Posted 19 October 2020 - 09:53 AM

Nice,,, profit stop 3473!



#9 12SPX

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Posted 19 October 2020 - 10:11 AM

And out for a nice 20 point profit.  Think I'm done for the day we'll see, off to tennis....



#10 dTraderB

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Posted 19 October 2020 - 10:50 AM

Reopened nq hedge 11805 (same as previous entry price)

Will add another below 11700 if traded