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BULLISH BIAS.... irrational exuberance, BEWARE!


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#81 12SPX

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Posted 09 December 2020 - 04:01 PM

Whew there was a quick drop lol, profit stop 3675!! 



#82 12SPX

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Posted 09 December 2020 - 04:03 PM

Hmmmmm lets see not sure where to go from here, profit stop 3670!! 



#83 redfoliage2

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Posted 09 December 2020 - 04:03 PM

I went covered ES shorts as we should hear ECB news tonight from Europe ..................


Edited by redfoliage2, 09 December 2020 - 04:05 PM.


#84 12SPX

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Posted 09 December 2020 - 04:21 PM

Your likely right, I was taken out anyhow for a 10 point profit, turned out ok, nice trading day! 



#85 redfoliage2

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Posted 09 December 2020 - 04:55 PM

BTW, next week is a quadruple witching week and Id not be surprised to see the market new highs again .............

#86 traderx

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Posted 09 December 2020 - 05:42 PM

agree



#87 dTraderB

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Posted 10 December 2020 - 07:46 AM

Occupied  for a few hours each day with business issues

 

 

24 SPY PUTS

2 NQ HEDGE LONG 12460 & 12290 

 

 

Rather dull week but most bullish periods have a few dull days.
Still bulls have room to rslly but it is getting extended and sharp painful pullbacks or longet periods of declines will occur.
Not jumping in with large positions or taking big risks. Another profitable week but much lower profits. Will add more FEB SPY PUTS. WILL ROLL OVER NQ, and may buy LOW VOLATILITY ON SPIKE DOWN via ETF.

17 SPY PUTS
1 nq hedge long 12460



#88 dTraderB

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Posted 10 December 2020 - 07:48 AM

Trading an extra short NQ in daytrading ....

 

22 FEB SPY PUTS and 2 remaining JAN SPY puts 

want to close the JAN SPY PUTS

 

may actually close all PUTS & hedges on any move below ES 3600 but basically want to build a bigger hedge SPY PUT POSITION

 

later or Friday or....



#89 dTraderB

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Posted 10 December 2020 - 09:39 AM

Closed 2 jan spy ñuts. Small profit but more important in managing the total SPY PUT position, now all FEB PUTS.

Trading an extra short NQ in daytrading ....
 
22 FEB SPY PUTS and 2 remaining JAN SPY puts 
want to close the JAN SPY PUTS
 
may actually close all PUTS & hedges on any move below ES 3600 but basically want to build a bigger hedge SPY PUT POSITION
 
later or Friday or....



#90 redfoliage2

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Posted 10 December 2020 - 09:42 AM

This dip will be bought once the Congress passed the bill which is a must.  My year end target SPX 3700 - 3750......................