Okay didn't expect this but profit stop 4172, will sell above and lower profit stops as we go along. Interesting the Nasdaq went red again!
IT'S MAY, sell and go away!
Started by
dTraderB
, May 02 2021 04:45 PM
150 replies to this topic
#82
12SPX
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Posted 05 May 2021 - 02:18 PM
Hmmmm, gonna be late for tennis lol! Profit stop 4165, might end up going long again lol. Nasdaq -50 wow!
#83
12SPX
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Posted 05 May 2021 - 02:28 PM
Okay out for a 15 point profit, 67 on the day, building a long at 4160....
#84
redfoliage2
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Posted 05 May 2021 - 02:54 PM
It looks that the market is being ruled by day traders. I have been on position trading, and now I think I need to switch to day-trading also.................................
Edited by redfoliage2, 05 May 2021 - 02:58 PM.
#85
jacek
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Posted 05 May 2021 - 03:03 PM
Options market is pricing a ~+/-41 points SPX move through Friday. SPX chart is looking a bit sick at the moment, to my eye, BWDIK.
Edited by jacek, 05 May 2021 - 03:04 PM.
#86
dTraderB
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Posted 06 May 2021 - 06:39 AM
Wednesday was another roller-coaster, in the red for most of the session, but that final drop was enough for a small profit.
Trading this market reminds me of the final phase of the DOT COM bubble
But, it is different, always different, yet the major characteristics of a bubble remain the same and this one is a BUBBLE that may still have room to rally before it blows up.
#87
dTraderB
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Posted 06 May 2021 - 06:40 AM
Yeah
I did that a few years ago except OPTIONS for IT
It looks that the market is being ruled by day traders. I have been on position trading, and now I think I need to switch to day-trading also.................................
#88
dTraderB
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Posted 06 May 2021 - 06:41 AM
Looks toppish ST but there are trillions pouring in to the market
Options market is pricing a ~+/-41 points SPX move through Friday. SPX chart is looking a bit sick at the moment, to my eye, BWDIK.
#89
dTraderB
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Posted 06 May 2021 - 06:42 AM
a LONG?
are you OK?
anyway, you are almost always right....
I think it can still rally but bulls are getting a bit more careful
Okay out for a 15 point profit, 67 on the day, building a long at 4160....
#90
dTraderB
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Posted 06 May 2021 - 06:43 AM
JOBS reports
could be very good news for the market
ES above 4180 will convince me to go long ES, in addition to long NQ
