75 replies to this topic

[12SPX]

Starting a new short build at 3952, will give this one a wide berth as were still kinda early here! 

[dTraderB]

Markets pricing good news but looks extended. But FED & the powers with trillions talking it up.

Well looked like it was the short side picked.  Ended up with an average short of 3954 which was just taken out at 3950 for a 4 point profit.  If there is any time the market will rally it will be today being the last trading of the quarter however there is still those nasty interest rates sitting out there so if they don't move lower don't think there is a chance for 4000 today even though I highly doubt we'll get there today anyhow.  Maybe in the next few days as new money is put to work.  I'd still rather be looking to the short side here.  Will be selling higher unless we sell off enough today to make a buy because that is also a possibility as we've had a pretty good month and the market is still sitting at the highest valuations ever, sentiment way to rich and still to far above the 200-day moving average.  Can't believe I'm up this early but after 4 hours of tennis I hit the bed pretty early lol! 

[dTraderB]

ADAM:
Yesterday, 3940 was my support in #ES_F and this was an understatement as it tested & held 5+ times. Price has formed a 2 day triangle on 30min chart

Plan today: Target for it remains 3985/4010. 3940 support weak now though. If it retests, it probably sees 3920-3925, 3900 below

[12SPX]

Ya just don't feel it!  The bulls have been calling for 4000 forever now.  As I've said,,,,,biden=volatility now and so maybe there is lots of cash but there's also lots of debt and all the other head winds so we might eek out 4000 but its gonna be tough and for sure cant see today.  Not surprised were up but we'll see.... Average short now 3955, wait for the cash open! 

[dTraderB]

Seasonally bullish period.
Wildly swinging ST market behavior.
Profitable Tuesday.
Looking to end a great March with a profit ​or small loss.

18 SPY PUTS
35 VXX CALLS
ES HEDGE LONG 3912

Insane wild markets, either consolidating then grind higher or bubbling & fizzing at an IT or ST top

16 SPY PUTS
31 VXX CALLS
ES HEDGE LONG 3912
NQ SHORT 12852
Very hectic day ended with a small loss.

Positions from last week
Daytrading NQ until about 9:30pm

That ES HEDGE LONG  was quite timely, and with NQ daytrades, saved the day!
 
Great week, great month, want to trade with less risk for rest of month to make this the 3rd consecutive profitable month in 2021

 
14 SPY PUTS
27 VXX CALLS
ES HEDGE LONG 3912
 

hate to do this but is it Friday and I added more VXX CALLS and SPY PUTS so...
 
ES HEGDE LONG 3912 buy limit filled
 
 

[12SPX]

No no d never a  loss lol!  Gonna be shooting for 12mths maybe I'll take a break after and just stick to selling premium for the summer lol! 

[12SPX]

Average short now 3958! 

[12SPX]

Average short 3962! 

[dTraderB]

I will be shocked & amazed if markets do not surge into the close today. Will trade extra 2 lots on NQ LONG DAY trades after I close the ES HEDGE LONG with minimum 50 points profit

[dTraderB]

Hard not to suffer a net loss today since I hold large SHORT positions and will add to it on rallies, and hold the SHORTD unless market tanks

No no d never a  loss lol!  Gonna be shooting for 12mths maybe I'll take a break after and just stick to selling premium for the summer lol!