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Dangerously extended Market at or near ST top


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#41 dTraderB

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Posted 22 April 2021 - 08:39 AM

Small profit yesterday, should have added ES hedge long much lower but satisfied to get our in the green after markets were on my side earlier in the day but rallied strongly



#42 dTraderB

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Posted 22 April 2021 - 09:47 AM

2 ES LONG HEDGE, loaded with PUTS & VXX LONGS, will trade MAX LONG NQ DAYTRADE POSITION SIZE, or more, 8 to 10 lots. Want to minimize or eliminate any loss on possible rally for rest of today & week.

#43 12SPX

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Posted 22 April 2021 - 02:55 PM

Well isn't this a nice drop so not surprised, bahahaha!!  Nonetheless I will put a profit stop on at 4149.  Will have sells already set above that though!  



#44 12SPX

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Posted 23 April 2021 - 08:49 AM

ThinkI will lower my stop to 4140 but will start selling right above if hit!  Kind of starting a long weekend holiday so would rather do that.  Still think we are heading lower in the longer run!  



#45 dTraderB

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Posted 23 April 2021 - 09:35 AM

Great trades!
TRADES to tell the pussycat TROLLS to STFU!!

ThinkI will lower my stop to 4140 but will start selling right above if hit!  Kind of starting a long weekend holiday so would rather do that.  Still think we are heading lower in the longer run!  



#46 dTraderB

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Posted 23 April 2021 - 09:38 AM

4 consecutive profitable days, another opportunity today to add to VXX LONGS & SPY PUTS after the reverse VXX split.
I may get the usual bull market Friday afternoon FOMO rally but this week seems different so I think there is a high probability of another intraday reversal from early highs to low CLOSE of day & week.

#47 12SPX

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Posted 23 April 2021 - 10:17 AM

Well this is getting fun!  My profit stop was hit for 10 points and I'm starting my build now at 4165!  Maybe need to go on holidays more lol!!



#48 12SPX

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Posted 23 April 2021 - 12:11 PM

Average short now 4170 and building!!  Hope everyone has a great weekend!!



#49 dTraderB

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Posted 23 April 2021 - 01:45 PM

Closing 1 ES hedge long +32.5 points
Holding 1 ES HEDGE LONG over weekend
Will reopen 2nd ES hedge long before close of week

#50 dTraderB

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Posted 23 April 2021 - 01:47 PM

A rally on faith & hope, it appears.

Average short now 4170 and building!!  Hope everyone has a great weekend!!