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7 TRILLION FED CASH, SPX 4400


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#21 12SPX

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Posted 04 January 2021 - 10:13 AM

Trying a long build at 3733 see how that goes, makes me nervous though....



#22 12SPX

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Posted 04 January 2021 - 10:33 AM

Shoulda started at 30 I guess but nonetheless average long now 3730...



#23 12SPX

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Posted 04 January 2021 - 10:57 AM

Arg shoulda known better, just hang for awhile not a bull on the board lol!  Average long now 3720!! 



#24 dTraderB

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Posted 04 January 2021 - 11:13 AM

12705 NQ hedge long

 

was supposed to open at 12740 but it kept going down..... got to do it because it is an extremely important component of the OPTIONS TRADING strategy

 

will add an extra lot to NQ SHORT DAYTRADES during cash session



#25 12SPX

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Posted 04 January 2021 - 12:00 PM

Try one more average long 3709 and hold onto this, knew I shouldve kept my short on lol!! 



#26 12SPX

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Posted 04 January 2021 - 12:10 PM

One thing I can't resist though is to sell the Jan. 3500 put now up to $20!  Little overdone here so we'll see!



#27 12SPX

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Posted 04 January 2021 - 12:49 PM

Ok one more long but this will be a hold lol!!  Average long 3699!



#28 dTraderB

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Posted 04 January 2021 - 02:13 PM

What a great trading day - up & down - to start 2021! 

Note the Bloomberg Dollar Index is UP

 

Could be a major reason for equities under pressure

 



#29 12SPX

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Posted 04 January 2021 - 03:35 PM

I know heh wish I had hung onto my short way longer, was why I wanted to leave some behind, oh well I'm expecting a lot of volatility this year!! 



#30 dTraderB

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Posted 04 January 2021 - 04:50 PM

Bulls clawed back from a big drop but still did not manage to recover above the mid-point of the day's range. Today's daily range defines the ST support & resistance with that long red candle. A good first trading day of 2021 but I should have closed more QQQ PUTS during that big move down. 

 

Lost 241 points in Hedge longs, gained 820 points in NQ daytrading, closed a few QQQ PUTS, and left one NQ daytrade short position open, to finish the day with:  

 

13 QQQ PUTS

NET I hedge long NQ 12705

---------------

From last Thursday:

19 qqq puts
1 hedge long 12850
Buy Limit order placed nq 12675
May add more PUTS if nq up ny more than 1% today.
That's it for 2020. Bad start but great recovery.

HAPPY NEW YEAR TO ALL, MAKE ZILLIONS IN 2021!