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


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#31 12SPX

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Posted 22 December 2020 - 07:57 AM

Worked out perfectly last night, just before bed I was stopped out for a 2 point profit on my short trade last night and overnight, actually this last hour my short build started with a sell at 3690, was thinking we'd be down this morning but just trade the other side of it.  See how it goes as we approch the open.  



#32 12SPX

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Posted 22 December 2020 - 09:11 AM

And taken out for a 2 point profit, will sell above starting around 3693....



#33 12SPX

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Posted 22 December 2020 - 10:04 AM

Well that's to bad was hoping for more of an up open but lots of little trades testing that 3685 level for a few points back and forth and now holding a short at 3684, profit stop 3683, still want to get it back to the 90's level



#34 12SPX

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Posted 22 December 2020 - 10:08 AM

and out for another 1 point profit, think I'll wait a bit for a trade long or short, likely gonna be a do nothing day!! 



#35 12SPX

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Posted 22 December 2020 - 10:45 AM

Okay starting a short build at 3688, will go from there...



#36 12SPX

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Posted 22 December 2020 - 10:58 AM

Profit stop 3685



#37 12SPX

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Posted 22 December 2020 - 11:12 AM

Okay, 9 point gain and flipped to long at 3679!  Thought I typed I was going to do that before sorry!  Profit stop 3680



#38 redfoliage2

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Posted 22 December 2020 - 11:26 AM

Well that's to bad was hoping for more of an up open but lots of little trades testing that 3685 level for a few points back and forth and now holding a short at 3684, profit stop 3683, still want to get it back to the 90's level

It seemed that you always got profit stop hit.  Do you use stop loss?  



#39 12SPX

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Posted 22 December 2020 - 11:35 AM

Darn and out for 1 point profit!  I only use profit stops, havn't had a loss in 7 mths running on here.  If I'm in to early I just add to the trade if it goes against.  I think its alot better getting little gains until it finally goes the right way and if I miss it oh well there's always another time and I didn't lose money.  Plus I always have my longer term, expiration cycle to expiration cycle trades on also.  Trying another long here at 3677



#40 12SPX

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Posted 22 December 2020 - 11:46 AM

Wheres that rally lol!  Now average long at 3672....