That was a nice end of the day swoon while I was running splits. I'll put on a profit stop at 4340 for the night open and see what happens overnight! Been a fun day!!
BULLS recover -- more DECLINES ahead
Started by
dTraderB
, Oct 03 2021 03:52 PM
148 replies to this topic
#82
12SPX
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Posted 05 October 2021 - 03:58 PM
Actually changed my mind and took profits for 16 points at 4334 will look at it after the open for what to do....
#83
K Wave
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Posted 05 October 2021 - 05:03 PM
Today was a keep it from going over the edge day...but breadth was not strong enough to convince me of a full turn just yet....
That may, or may not, come tomorrow...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#84
dTraderB
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Posted 06 October 2021 - 05:23 AM
GREEN yesterday ... but as I attempted to rebuild CALL positions after liquidating many in that big bounce, those 10 SPY CALLS bought in the final 30 minutes or so was not a wise trade. Looking for more down trading and then an sharp bounce.
Will add more QQQ & SPY CALLS, extra lot in NQ SHORT daytrades, and add more NAT GAS SHORTS but not chase higher as this spike could blowoff and spike above 7! Will adjust STOP LOSS in NAT GAS SHORTS and wait for spike up to end.
39 SPY CALLS
24 QQQ CALLS
5 VXX PUTS
1 ES & NQ HEDGE SHORT
5 NAT GAS SHORT -- 2 stopped out, 6 NEW shorts overnight
There we go nice even short of 4350, see what happens later on....
31 SPY CALLS
27 QQQ CALLS
5 VXX PUTS
HEDGES UNCHANGED
Will buy more CALLS on drop near or below yesterday's CLOSE.
BUT, NQ DAYTRADES OUTPERFORM ALL of above, combined.
Late surge helped squeeze out a small gain, mainly due to NQ daytrading and HEDGE ES & NQ gains, as well as NAT GAS SHORTS
Losses in SPY & QQQ CALLS, VXX PUTS
42 DEC SPY CALLS
38 DEC QQQ CALLS
NQ 14440 HEDGE SHORT
ES 4284.5 HEDGE SHORT
10 VXX NOV PUTS
Ouch! Gone NET RED in today's trading!
39 SPY CALLS
35 QQQ CALL
Closing a few NAT GAS SHORTS
#85
12SPX
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Posted 06 October 2021 - 07:39 AM
Well that was fun overnight lol! Can't really call this official cause I didn't post it but after the overnight session started I went short from 4335 again then covered it at 4310 for a nice 25 point profit and started to go long a little lower. Wish I had put on more rogue trades but am currently long right at 4300....
#86
dTraderB
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Posted 06 October 2021 - 07:47 AM
wild markets! Usually, this signifies a IT top or bottom... but it appears as if all previous Technical Analysis is not longer applicable now
Well that was fun overnight lol! Can't really call this official cause I didn't post it but after the overnight session started I went short from 4335 again then covered it at 4310 for a nice 25 point profit and started to go long a little lower. Wish I had put on more rogue trades but am currently long right at 4300....
#87
dTraderB
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Posted 06 October 2021 - 07:49 AM
23 cents average profit in 8 NAT GAS contracts; 2 contracts were stopped out last night on that surge
Will reopen SHORTS again if traded above 6.235
#88
dTraderB
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Posted 06 October 2021 - 08:16 AM
Crazy market!
Crude & nat gas down, ES & NQ UP, DOLLAR Down, all during last hour or so
Crude & nat gas down, ES & NQ UP, DOLLAR Down, all during last hour or so
#89
dTraderB
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Posted 06 October 2021 - 08:17 AM
Watching...for a few minutes
Maybe I BUY a few NAT GAS LOTS
Maybe I BUY a few NAT GAS LOTS
#90
12SPX
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Posted 06 October 2021 - 08:26 AM
Lots of talk about nat gas on cnbc, even Cramer made a point about it being cheaper up here so may be a good trade shorting it. I don't know enough to do it but love reading about your posts, slowly learning.... what is the margin for it?
