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Good News Already Baked Into Stocks. How to Stay Safe.


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#21 12SPX

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Posted 21 December 2020 - 10:35 AM

Who knows it is Christmas , volumes gonna dry up anytime now.  As I was saying last week that nagging reminder of the 2018 debacle remains in the back of my mind as this market is so overbought, soooo bullish and I also said that we could wake up to -2% decline and here it is but I'm sure the big boys want to at least hang on to the end of the year at the least but since were so close to the highs I'd prefer to be shorting the upside as it goes.  Also don't forget current running p/e ratio on the SP500 is around 37 right now, wow!!! 



#22 12SPX

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Posted 21 December 2020 - 10:39 AM

Darn out for 1 point profit! 



#23 12SPX

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Posted 21 December 2020 - 11:38 AM

Well that was funny I started to do a short build at 3653 and got a fill and when I looked there was no trade there.  I just assumed my profit stop was filled as I saw 3630 so in reality it was a 23 point gain lol!!  Doing a short build now at 3655!



#24 12SPX

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Posted 21 December 2020 - 01:05 PM

Average short now 3668, the market is a perfect place again as the Dow goes positive,,,, for now lol!! 



#25 12SPX

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Posted 21 December 2020 - 02:02 PM

shoulda just waited I guess but average short 3671 now! 



#26 redfoliage2

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Posted 21 December 2020 - 02:18 PM

Bulls still in the control and dips just got bought again ....................


Edited by redfoliage2, 21 December 2020 - 02:19 PM.


#27 12SPX

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Posted 21 December 2020 - 02:42 PM

Never matters to me, its all about the trades! 



#28 redfoliage2

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Posted 21 December 2020 - 03:07 PM

Now the game is seasonality expecting a Santa rally with new ATH .................


Edited by redfoliage2, 21 December 2020 - 03:14 PM.


#29 12SPX

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Posted 21 December 2020 - 03:50 PM

Ya sorry not buying it been hearing that for two weeks now and if it does happen I'll just trade it.  Like I've said the market never goes up forever and never goes down forever and inbetween that it still goes up and down such as the -2% start to the day lol!!  Since Ive made 133 points so far today I think its better to trade it instead of buy and hold! 



#30 dTraderB

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Posted 22 December 2020 - 05:44 AM

Best day in December, so far. Profits in SPY PUTS, NQ LONG & SHORT DAYTRADE - more in LONG TRADES, LOSS IN one ES Hedge long.

Now holding 16 SPY PUTS and 1 ES HEDGE LONG
Will add SPY PUTS on any rally above SPX 3710.


Adding an extra lot to NQ LONG daytrades to partially hedge this drop.... that could soon reverse up