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


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#41 redfoliage2

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Posted 22 December 2020 - 12:10 PM

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

Nice trading................



#42 12SPX

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Posted 22 December 2020 - 12:15 PM

And there we go profit stop 3676!! 



#43 redfoliage2

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Posted 22 December 2020 - 12:22 PM

SPX is working on the VST resistance 3695. Once it gets over it next stop 3740 .....................


Edited by redfoliage2, 22 December 2020 - 12:23 PM.


#44 12SPX

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Posted 22 December 2020 - 01:06 PM

Sounds exciting, gotta go do some christmas shopping etc so I'll post later on how things went so far still holding my profit stop at 3676, gonna lower it to 3675...



#45 dTraderB

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Posted 22 December 2020 - 03:37 PM

Closed all SPY PUTS AND HEDGES. FLAT.
Taking a break until Monday.
HAPPY HOLIDAYS !!!!

#46 redfoliage2

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Posted 22 December 2020 - 03:59 PM

Closed all SPY PUTS AND HEDGES. FLAT.
Taking a break until Monday.
HAPPY HOLIDAYS !!!!

Happy Holidays all of you!



#47 12SPX

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Posted 23 December 2020 - 08:47 AM

Yesterdays long ended up being a 3 point gain in the end as the market fell back after Trump said he didn't like the deal made but then got in long again at 3673, stop currently 3680 going into the open.  Market held up pretty well with the news actually was impressive but I'll still be looking for a short build as we approach 3700 if we do, volume and movement is likely to be gone pretty quick! 



#48 12SPX

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Posted 23 December 2020 - 08:48 AM

Merry Christmas and Happy Holidays to everyone here btw! 



#49 12SPX

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Posted 23 December 2020 - 09:22 AM

Gonna bump up the profit stop to 3685 for the open....



#50 12SPX

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Posted 23 December 2020 - 10:03 AM

Profit stop 3690, cmon 37!!