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ST Bottom, Bounce, DOWN again


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#21 dTraderB

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Posted 10 January 2022 - 03:26 PM

BULL Trap BOUNCE.
WILL start new SHORT posirion ABOVE 4680

So still no short of dip buyers.  So far SPX recovered about 60% of today's loss.  Are Hedges done yet with the selling for the bad CPI coming on Wednesday?



#22 dTraderB

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Posted 10 January 2022 - 03:27 PM

Closed all SPY PUTS & ES HEDGE LONG

Will reopen above 4670 to 4680 if traded


Want to open a new QQQ PUT position in LT Portfolio 
Will start with 5 QQQ MARCH 380 or higher strikes
Should be filled if QQQ trades above 375
 

 
closed 4595.5 
banking these few points in ES 
will reopen later

 
2nd ES 4588.5  hedge long reopened
 
Bought 300 QQQ in LT 
 
But main focus on NQ daytrades that could be an ATH points profit today!  Yes, NQ index has grown much larger so profits or losses are larger but still 
it is good to set higher profit points records...
 

Close 4604.25
Bank it, will buy lower, later
 

2nd ES 4585 hedge LONG
Cannot resist this trade! 
 

Will add another ES HEDGE LONG for a bullish bias if SPY drops below 460
 
Only NQ daytrading so far, last night & today, and opening QQQ LONG position in LT
 
-----------
 
24 SP PUTS
1 ES HEDGE LONG
 
FLAT everything else
 
Great week to start 2022. 
 
Back on Sunday.

 
 
 


#23 redfoliage2

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Posted 10 January 2022 - 03:44 PM

BULL Trap BOUNCE.
WILL start new SHORT posirion ABOVE 4680
 

So still no short of dip buyers.  So far SPX recovered about 60% of today's loss.  Are Hedges done yet with the selling for the bad CPI coming on Wednesday.....................

Maybe there is still a little bit downside left for this swing, but I'd buy if it dips again  .....................



#24 12SPX

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Posted 10 January 2022 - 08:32 PM

Had to rescue a kitchen sink clog earlier but at the close my profit stop was hit at 4660 for a profit of 35 points.  As were into the evening I think I'll try a long build around 4650 and go from there!! 



#25 dTraderB

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Posted 11 January 2022 - 07:04 AM

Great trades! A bounce, as expected, could be sharply up, possibly new ATHs, and then I expect a BIG DOWN

 

Had to rescue a kitchen sink clog earlier but at the close my profit stop was hit at 4660 for a profit of 35 points.  As were into the evening I think I'll try a long build around 4650 and go from there!! 



#26 dTraderB

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Posted 11 January 2022 - 07:10 AM

Best NQ daytrading day ever, not surprising because of the large range - daily & intra and the smooth but rapid reversal. 

Closed QQQ PUTS in Friday and remaining SPY PUTS yesterday.

Best day for 2022.

 

FLAT except 300 QQQ and 5 QQQ PUTS in LT Portfolio. Did not expect 300 QQQ to be so profitable so fast but that was a blistering QQQ rally after the early low..

 

Will open new SPY PUT position above SPY 470 in Risk Portfolio

Also add more QQQ PUTS in LT above QQQ 384 in LT; will also add more QQQ on any pullback. Also add more ETFs (INDA, XLF, VOO etc) in LT on pullbacks during next few weeks, or months



#27 dTraderB

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Posted 11 January 2022 - 07:48 AM

VXX down again below 19. Should fall below 18 with another day or two of ES rallies. 

 

Will buy CALLS in LT if VXX trade with 17 handle, and lower. 

 

Will look for good trade setups if WTI CRUDE trades above 80. 

 

Focusing on NQ daytrades today



#28 12SPX

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Posted 11 January 2022 - 08:59 AM

Going into bed I changed my mind and put in for trades at 4655 and 4650.  Did get one long at 4655 now with a profit stop of 4560 going into the cash open.  Would still like 4650 but we'll see will build below 4560. 



#29 dTraderB

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Posted 11 January 2022 - 09:02 AM

Will buy another 100 QQQ for LT below 380

 

Buy more lower down

 

Will add more QQQ PUTS in LT above QQQ 386



#30 12SPX

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Posted 11 January 2022 - 09:11 AM

And out for 5 points, guess  I'll wait till the cash open see what happens, start at 4655 again....