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BUFFET: Never bet against America; he could add "...and against the FED"!


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#31 dTraderB

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Posted 01 March 2021 - 10:52 AM

9 qqq calls
1 nq hedge short

All spy calls closed
Will reopen later...

13 qqq calls
1 nq hedge short

13 qqq calls
9 spy calls
1 nq hedge short

Closed all QQQ avg + 5.11 today
Will reopen lower
Will start closing SPY CALLS

Considering opening VXX CALL POSITION
THAT OPTION CHAIN SCREEN OPENED next to main option screen

Closing all qqq with minimim 5 point progit
Closing 1 nq short hedge
Will add extra lot to LONG NQ DAYTRADES

A great week for, 10 consecutive days of profit, some quite modest but the last two weeks required all the 
trading skills I possess to outwit this manic market. I held PUTS, cashed out on the drop, then traded mostly CALLS and QQQ and
profited from the bounce. This is to be one of the best January/February trading performance for me since... maybe 2016 or 2009...
 
I intend to reopen more LONGS  - CALLS, QQQ, maybe VWO, and possibly XLF or KRE, because this may be the best opportunity to buy for some time as the 
US and other major global economies come out of the year-long pandemic.  Markets may go down another 5 to 7 % but will be roaring back into the Spring and Summer, and even further down the road as the global vaccine rollout successfully returns some sense of normalcy in most sectors of the economy. 
BUT, excessive exuberance will give away to reality in August to October -- expect a huge drop in the markets.
SPX 4200 before 3000 during the rest of 2021. 
 
500 qqq
13 qqq calls
16 spy calls
1 nq hedge short



#32 dTraderB

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Posted 01 March 2021 - 11:17 AM

Closed all qqq calls
Net flat nq hedge, 1 short, 1 long

9 qqq calls
1 nq hedge short

All spy calls closed
Will reopen later...

13 qqq calls
1 nq hedge short

13 qqq calls
9 spy calls
1 nq hedge short

Closed all QQQ avg + 5.11 today
Will reopen lower
Will start closing SPY CALLS

Considering opening VXX CALL POSITION
THAT OPTION CHAIN SCREEN OPENED next to main option screen

Closing all qqq with minimim 5 point progit
Closing 1 nq short hedge
Will add extra lot to LONG NQ DAYTRADES

A great week for, 10 consecutive days of profit, some quite modest but the last two weeks required all the 
trading skills I possess to outwit this manic market. I held PUTS, cashed out on the drop, then traded mostly CALLS and QQQ and
profited from the bounce. This is to be one of the best January/February trading performance for me since... maybe 2016 or 2009...
 
I intend to reopen more LONGS  - CALLS, QQQ, maybe VWO, and possibly XLF or KRE, because this may be the best opportunity to buy for some time as the 
US and other major global economies come out of the year-long pandemic.  Markets may go down another 5 to 7 % but will be roaring back into the Spring and Summer, and even further down the road as the global vaccine rollout successfully returns some sense of normalcy in most sectors of the economy. 
BUT, excessive exuberance will give away to reality in August to October -- expect a huge drop in the markets.
SPX 4200 before 3000 during the rest of 2021. 
 
500 qqq
13 qqq calls
16 spy calls
1 nq hedge short



#33 dTraderB

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Posted 01 March 2021 - 11:19 AM

Focusing now on 1k POINTS IN NQ DAYTRADES today
Will reopen CALLS LOWER
LOOKING AT VXX CALLS - APRIL MONTHLY 10 AND 12 STRIKES

#34 12SPX

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Posted 01 March 2021 - 11:31 AM

Average short now 3875! 



#35 12SPX

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Posted 01 March 2021 - 02:13 PM

Average short now 3880, soooooo slow, what a stupid market.  Only good thing is option premiums ticking away! 



#36 dTraderB

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Posted 01 March 2021 - 03:02 PM

Tried to post about buy limit VXX CALLS AND SPY CALLS but was too busy

#37 dTraderB

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Posted 01 March 2021 - 03:03 PM

SPY PUTS
1037 points nq net profit.

Tried to post about buy limit VXX CALLS AND SPY CALLS but was too busy



#38 dTraderB

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Posted 01 March 2021 - 03:42 PM

Ideal end to a great day will be minimum 50-point NQ rally or drop. Let's do it!!

#39 dTraderB

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Posted 02 March 2021 - 08:28 AM

March 1st was the Best day of  2021, so far. 

Flat overnight

Daytrading NQ only this morning. Will short rallies above yesterday's highs

Will buy VXX CALLS APRIL 8 or 10 or 12 ...depending on market rallying hard today or not and whether April or May or June options, preferably April 

Will buy SPY PUTS at ATH or higher

 

 

SPY PUTS
1037 points nq net profit.

Tried to post about buy limit VXX CALLS AND SPY CALLS but was too busy

 



#40 12SPX

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Posted 02 March 2021 - 09:13 AM

Slow start to the day but did get my overnight fill of 3875 for a 5 point profit on my short.  Had a feeling we would pull back overnight and starting here with a short build of 3895.  I'd far rather short this thing until we get a decent correction right now as it needs it to keep it a healthy rising market!