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Only a Fool Tries to Call a Correction in a Bull Market, So Here Goes! Martin Pring


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#41 12SPX

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Posted 25 January 2021 - 12:18 PM

Profit stop 3822! 



#42 dTraderB

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Posted 25 January 2021 - 12:24 PM

almost untradeable market!!!



#43 12SPX

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Posted 25 January 2021 - 12:50 PM

Hmmm its interesting but I held off after being taken out for a 1 point profit.  Starting a short build at 3830! 



#44 dTraderB

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Posted 25 January 2021 - 01:30 PM

closed +74,5 points

reopen later

 

12362

busy!

 

 

closed hedge long nq +143 points. 

will reopen later before cash session closes

 

 

hedge long nq 12250 

dropped off the cliff!

 

54 QQQ PUTS

 

will add 2nd hedge long at about 12100 if it gets there before I close a few remaining FEB QQQ PUTS

Closed nq hedge long + 203.75
Need every $ of nq profit today!
Will reopen later, will add one extra lot in nq long daytrades

52 QQQ PUTS, opened new APRIL PUTS.
IWM... JUDT WATCHING IT...
 

47 QQQ PUTS
1 NQ hedge long

 

 

 

 



#45 12SPX

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Posted 25 January 2021 - 01:39 PM

Average short now 3835! 



#46 12SPX

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Posted 25 January 2021 - 03:17 PM

Profit stop 3834, will sell higher if hit! 



#47 12SPX

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Posted 25 January 2021 - 03:22 PM

Out for one point profit but can't resist start a build at 3835



#48 dTraderB

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Posted 25 January 2021 - 03:28 PM

Nq hedge long 13405 limit hit
Dud not want to but but it is the hedging component of the option strategy ...
I think market heads lower for a few days.
If not, then SPX 4K first before any significant drop


closed +74,5 points
reopen later

 
12362
busy!
 

 
closed hedge long nq +143 points. 
will reopen later before cash session closes
 

 
hedge long nq 12250 
dropped off the cliff!
 
54 QQQ PUTS
 
will add 2nd hedge long at about 12100 if it gets there before I close a few remaining FEB QQQ PUTS

Closed nq hedge long + 203.75
Need every $ of nq profit today!
Will reopen later, will add one extra lot in nq long daytrades

52 QQQ PUTS, opened new APRIL PUTS.
IWM... JUDT WATCHING IT...
 

47 QQQ PUTS
1 NQ hedge long

 
 
 
 


#49 12SPX

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Posted 25 January 2021 - 04:16 PM

Love it going into the night session with an average short of 3843!  Great day, 53 points! 



#50 dTraderB

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Posted 25 January 2021 - 04:20 PM

Good trading! Am satisfied I ended the day with just over $700 after a wild & bubbly session.

Love it going into the night session with an average short of 3843!  Great day, 53 points!