Average short 3930 once again...
Markets on the edge: IT PMO SELL Signal on SPY
Started by
dTraderB
, Mar 21 2021 09:31 AM
106 replies to this topic
#42
12SPX
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Posted 23 March 2021 - 11:30 AM
As quiet as this board is so is the market. Off to tennis, I'll add to the short above and put on profit stops if we go below. Rinse and repeat! If we can get way down there may even try a long once again!
#43
dTraderB
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Posted 23 March 2021 - 06:56 PM
Hectic 2-day period! DAYTRADING SPY PUTS yesterday and today but again NQ DAYTRADES WERE THE BEST TRADES.
Small net profit yesterday, bigger one today. Missed out on good CRUDE trades but just too difficult to trade more than 3 or 4 different instruments.
BULLS STILL hold the advantage and may most likely ramp it up into end of month & quarter. Market needs a bullish catalyst for the next leg up but cannot find it, so far.
Bears could take the market down to SPX 3700 and lower but they also need more a catalyst or two to instill more fear into complacent bulls.
BOND VOLATILITY COULD BE THE MAJOR factor affecting market direction during next few days.
9 SPY PUTS
21 VXX CALLS
ES HEDGE LONG 3907.75
Small net profit yesterday, bigger one today. Missed out on good CRUDE trades but just too difficult to trade more than 3 or 4 different instruments.
BULLS STILL hold the advantage and may most likely ramp it up into end of month & quarter. Market needs a bullish catalyst for the next leg up but cannot find it, so far.
Bears could take the market down to SPX 3700 and lower but they also need more a catalyst or two to instill more fear into complacent bulls.
BOND VOLATILITY COULD BE THE MAJOR factor affecting market direction during next few days.
9 SPY PUTS
21 VXX CALLS
ES HEDGE LONG 3907.75
Great week, great month so far, my plan is to preserve profits during this final full week of the month tp achieve 3 consecutive months of profit in 2021.
On Friday, all trades were only in NQ daytrading.
Positions from last week.
11 SPY PUTS
15 VXX CALLS
1 ES HEDGE LONG 3907.75
#44
brucekeller
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Posted 23 March 2021 - 09:50 PM
Nice calls so far. If it wasn't for PTON all my purchases from Monday would be pretty deep red lol. 
#45
12SPX
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Posted 24 March 2021 - 07:56 AM
Still hanging onto my short! Shouldve lowered my profit stop but still hanging there at 3920. Markets grinding away directionless!
#46
12SPX
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Posted 24 March 2021 - 08:41 AM
Omg so slow and were only 10 minutes in so I'm pulling it for a 12 point profit! Will start a sell build at 3920!
#47
12SPX
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Posted 24 March 2021 - 08:50 AM
Hate to but profit stop 3919, will sell higher!
#48
12SPX
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Posted 24 March 2021 - 08:55 AM
Was setting my profit stop at 3912 and was hit for a profit of 8 points. Will sell higher starting a build!
#49
12SPX
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Posted 24 March 2021 - 09:16 AM
There we go, back in with a short at 3920!
#50
12SPX
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Posted 24 March 2021 - 09:19 AM
Okay, lets take it down then so I can go long lol! Profit stop 3910!
