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ST BOUNCE, then LOWER LOWS


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#11 dTraderB

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Posted 13 June 2022 - 06:54 AM

Taking a NQ 462 points profit on 2nd HEDGE SHORT

Holding 1 ES & 1 NQ hedge SHORT

 

Will not reopen unless I add much more QQQ & SPY CALLS 

RISK ON at these PLUNGE LEVELS

 

Will lose at least 2% today even with huge HEDGE & NQ DAYTRADE profits, almost wipes out last week's gAINS 

 

BUT, got to build a HUGE LONG with this big drop

 

Will add UVXY PUTS, TLT CALLS, more stock CALLS, IWM CALLS, stocks



#12 dTraderB

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Posted 13 June 2022 - 07:01 AM

Good call.  PANIC SELLING & FORCED LIQUIDATION today could send it another 5 points lower in each

looks like my QQQ and SPY targets of 280 and 380 got reached. Possible double bottom from May. Hopefully they can stay at those level into open so I can snag some deals. Was looking for a nice fear based bottom.  If we get good volume too that would be awesome. 



#13 12SPX

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Posted 13 June 2022 - 07:46 AM

Isn't this getting to be fun, funny how "now" analysts are lowering forecasts for the S&P500 lol!!  These guys are only ever near right when the market is moving up.  Nonetheless love my pajama traders for filling my trades at 3800 bringing my long average down to 3940.  I don't have a problem hanging every day just like I did shorting the market going into year end because when this one turns its going to be violent to the upside and its priming as to me this is still a grind grind grind market and the Fed is meaningless in all of this.  The slowdown that is starting to happening will start bringing down prices all in itself.  Manulife released a poll out this weekend saying that 1 in 4 people in Canada will have to sell their house if interest rates go up anymore already.  The Fed's can't raise rates to much more and if they do I can almost guarantee we will be moving into a depression.  We are already going to be in this situation for at least 5 years I figure anyhow so its going to be interesting but great for selling option premium as I'm already looking to July's cycle.  Even this June cycle is going to be a fun end this quad witch Friday!!! 


Edited by 12SPX, 13 June 2022 - 07:48 AM.


#14 K Wave

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Posted 13 June 2022 - 07:47 AM

Did BOJ just lose the football?

 

30 yr still exploding...

 

10y.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#15 K Wave

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Posted 13 June 2022 - 07:52 AM

Isn't this getting to be fun, funny how "now" analysts are lowering forecasts for the S&P500 lol!!  These guys are only ever near right when the market is moving up.  Nonetheless love my pajama traders for filling my trades at 3800 bringing my long average down to 3940.  I don't have a problem hanging every day just like I did shorting the market going into year end because when this one turns its going to be violent to the upside and its priming as to me this is still a grind grind grind market and the Fed is meaningless in all of this.  The slowdown that is starting to happening will start bringing down prices all in itself.  Manulife released a poll out this weekend saying that 1 in 4 people in Canada will have to sell their house if interest rates go up anymore already.  The Fed's can't raise rates to much more and if they do I can almost guarantee we will be moving into a depression.  We are already going to be in this situation for at least 5 years I figure anyhow so its going to be interesting but great for selling option premium as I'm already looking to July's cycle.  Even this June cycle is going to be a fun end this quad witch Friday!!! 

The Fed HAS to raise rates...

 

They are WOEFULLY behind the market....

 

look at the 3 month romp now...

 

For those of you that actually think Fed sets interest rates...laugh.pnglaugh.pnglaugh.png

 

3mo.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#16 K Wave

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Posted 13 June 2022 - 07:55 AM

Methinks some folks don't get that the game being played for the last 40 years has drastically changed....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#17 K Wave

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Posted 13 June 2022 - 07:57 AM

Epic battle for 116 on Crude overnight...

 

bull still in control as long as it holds...

 

But if it gives way, then air pocket games begin...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#18 12SPX

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Posted 13 June 2022 - 08:56 AM

Totally right, the game has drastically changed and thus the reason for the market to be in no where land for some to come and exactly, the Fed really isn't in control of rates!!  Added some to my one June put trade on the 3800, now sold at an average $38.66, gonna be a fun end this Friday lol!!  Already had a profit taken on May 27th for that June 3800 of $17, $13 on the 3500 and $9 on the 3200 posted on here so lots of room to let it play out anyhow.  I'm eyeing the 3500 level for the July cycle coming up, have to see if it will be just a trade or a hold.....



#19 K Wave

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Posted 13 June 2022 - 09:38 AM

Certainly startin' to look like Sayonara to 0.25

 

jpy.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#20 kaiser soze

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Posted 13 June 2022 - 09:56 AM

Isn't this getting to be fun, funny how "now" analysts are lowering forecasts for the S&P500 lol!!  These guys are only ever near right when the market is moving up.  Nonetheless love my pajama traders for filling my trades at 3800 bringing my long average down to 3940.  I don't have a problem hanging every day just like I did shorting the market going into year end because when this one turns its going to be violent to the upside and its priming as to me this is still a grind grind grind market and the Fed is meaningless in all of this.  The slowdown that is starting to happening will start bringing down prices all in itself.  Manulife released a poll out this weekend saying that 1 in 4 people in Canada will have to sell their house if interest rates go up anymore already.  The Fed's can't raise rates to much more and if they do I can almost guarantee we will be moving into a depression.  We are already going to be in this situation for at least 5 years I figure anyhow so its going to be interesting but great for selling option premium as I'm already looking to July's cycle.  Even this June cycle is going to be a fun end this quad witch Friday!!! 

 

You might be missing one factor. Russia.

 

The Canadian homeowner as well as the American consumer might be sacrificed in the "Jihad" against the Russkies.