I am building a LARGE LONG position, will hedge but I accept there will be a few or many RED days, stop losses, rolling into later expiration months etc
but those are the risks etc one has to take in trading
ES could spike down below 4K but I will utilize a combination of VST, ST, hedges, options, etc to maintain a NET LONG position'
Taking my time reading everyone's thoughts here and I hate to say but TT is sounding alot like every other bear out there. Crash talk, heading to zero etc etc etc. Sounds practically identical to the bullishness in January that the market was going to the moon by everyone. The bearishness is almost twice as bad however. Take a look around though, outside of the bearishness, bond yields are dropping, believe I said around 3% is about it. Oil is down hard under $100 again. All the talk is talk about the Fed and raising rates is old news, they cannot go to hard on raising them or they'll create a depression. Everyone already knew they were going to do 50 basis points, no surprise there so whats the shock to the market, there isn't, its still just trading and looking resilient to moving down much before some big earnings out this week by what I see!! When it comes to earnings, they are currently sitting at an average level. The most important thing though outside of everything is that bearishness is at extremes in put prices once again. Worse then earlier in the year actually! Sure I wish I had stayed short on the way down but I missed one oh well. This is going to be a wide trading range for this entire year with lots of talk. Sure we may grind our way to new highs or lows but its going to be a process not a few day thing. Bringing my average long down to 4328 may leave this for the rest of the week....
