Totally agree, think this is just the start of lots of volatility. As I've been saying there is likely no Christmas rally, too many people thinking its a for sure thing and look what's happened lol!! Added some more, average long now 4518... The one good thing about falling markets is its easier to get lower averages lol!!
OH MY Cron! Bears here for a few weeks.....
Started by
dTraderB
, Nov 28 2021 06:28 PM
125 replies to this topic
#92
12SPX
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Posted 02 December 2021 - 09:39 AM
There we go, nice profit stop at 4530....
#93
12SPX
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Posted 02 December 2021 - 09:41 AM
Actually gonna lower that back to 4520, see what happens here for a few minutes....
#94
12SPX
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Posted 02 December 2021 - 09:56 AM
There we go, profit stop 4550.... will buy lower this entire scare is ridiculous, when will people wake up!!
#95
dTraderB
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Posted 02 December 2021 - 09:58 AM
Relief rally, Wall St wants it up for their "seasonal rally" that is merely a devious way to get their huge bonuses. But it works most of the time... except in these rare situations of pandemic etc. I am going to start new PUT positions in SPY and looking at VXX to start new CALL positions, a gradual build this time with hedges later,
Not too keen on this since I want to preserve 2001 profits but a trader cannot resist high probability trades.
Actually gonna lower that back to 4520, see what happens here for a few minutes....
#96
dTraderB
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Posted 02 December 2021 - 09:59 AM
Classic TA Double-bottom in ES HOURLY
I may buy CRUDE below 62, sell above 65
#97
redfoliage2
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Posted 02 December 2021 - 10:02 AM
Santa is recovering from mild symptoms of Omicron
https://www.google.c...end-2021-12?amp
BTW, since the pandemic Wall street firms added virologists into their analysts teams.
Edited by redfoliage2, 02 December 2021 - 10:11 AM.
#98
redfoliage2
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Posted 02 December 2021 - 10:15 AM
Santa is recovering from mild symptoms of Omicron
https://www.google.c...end-2021-12?amp
BTW, since the pandemic Wall street firms added virologists into their analysts teams.
It may turn out to be a good omen. If so the days for the pandemic are numbered....................
Edited by redfoliage2, 02 December 2021 - 10:22 AM.
#99
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Posted 02 December 2021 - 10:28 AM
As I've said everyone is forgetting 2018 where the market tanked even on Christmas eve. Not saying it will but everyone has been way to positive that it will happen for sure and where are we -200 points off the high. Will say we now have a chance of a rally for December however I think volatility will remain as there is alot out there and the market remains very overpriced. We're finally getting back to even keel actually even more bearish now as I've been selling way overpriced Dec put options. Anyhow, nice 32 point profit and back in long at 4540 for a long build....
#100
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Posted 02 December 2021 - 10:36 AM
Rats was putting in my profit stop at 4545 and was taken out for a 5 point profit and now back in starting a build at 4538
