Welcome back d, a friendly voice!! I totally slept in and have been doing other things this morning! Although I can't declare this as official everyone knows I like to use the pajama traders for nice even rogue fills but my long was filled at 3650 lol!! Think we could retest those lows though so putting a profit stop at 3660.
BULLISH BIAS.... irrational exuberance, BEWARE!
Started by
dTraderB
, Dec 07 2020 08:07 AM
128 replies to this topic
#92
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 11:30 AM
Took profits on that unqualified long for 38 points profit and am starting a short build at 3678.....
#93
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 11:35 AM
Profit stop 3676...
#94
redfoliage2
-
- Traders-Talk User
- 18,100 posts
Member
Posted 10 December 2020 - 11:37 AM
Be aware that the Fed will have a FOMC meeting with announcement next week, then the Congress is to vote on the omnibus/relief bill ..................
Edited by redfoliage2, 10 December 2020 - 11:47 AM.
#95
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 11:50 AM
It'll be more pump, pump pump anyhow lol!! I do hope we hit new highs though to sell into....I only hold trades anywhere from 5 seconds to hours anyhow. I think my longest trade this year was an over nighter as the pajama traders might not have taken my order once or twice lol!! Now when it comes to option selling next week will be watched close. I still have that Dec 3800 call sitting with a $10 profit and its now under $2.00 so I'll likely pull it MOnday. My new sold Jan 3800 call that I sold at $35 is at $24 now but again I'll decide about that one after the close Friday.
Profit stop 3675....
#96
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 11:56 AM
Profit stop 3670....
#97
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 12:11 PM
Out for 8 points profit!! See if we can get back up there again!!
#98
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 10 December 2020 - 12:20 PM
Yeah, the holiday mood is setting in ... but how can a trader stay away for too long from these amazing 2020 markets? As volume thins from next week the trading may be too erratic and unstable but I will still stay on, watching, trading but not as much as before, unless there are BIG moves.
Welcome back d, a friendly voice!! I totally slept in and have been doing other things this morning! Although I can't declare this as official everyone knows I like to use the pajama traders for nice even rogue fills but my long was filled at 3650 lol!! Think we could retest those lows though so putting a profit stop at 3660.
#99
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 10 December 2020 - 12:21 PM
Only the VACCINE can save this market from a crash in December and/or January, and I expect the markets will be saved and then rally above SPX 4K in late December or early January.
#100
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 December 2020 - 12:34 PM
Your likely right but For some reason I have that 2018 Christmas eve crush in the back of my mind so I'm leery on going long.
