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JULY Bull Run -- New 2022 Lows ahead


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#31 12SPX

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Posted 19 July 2022 - 08:10 AM

 

SELLING options seem to be the best way to trade this market. or, ST and VST trading. 

I have not seen such big INTRA DAY moves since.... maybe never before! 

 

Or better yet, sell calls and puts in this grind grind grind market.  Couldn't resist, started a long build at 3860....

 

Did you not trade in 95-1997 d, now that was a volatile time, way more than now??  This is the perfect world for selling options and will be for a very long time to come and especially right now as we are in grind mode that will likely last at least until September.  The bearish calls are insane to which helps to keep things level especially according to option prices, no real direction set.  Good news though is my stop was never hit for my long at 3825, which by the way I listed on blu's crash thread by accident but will now move my profit stop to 3850 for the cash open.  I'm likely to start doing fewer day trades as summer is here and there are things to do lol!!! 



#32 dTraderB

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Posted 19 July 2022 - 08:42 AM

YEAH, great trading then, seemed to be more predictable than now. I have to modify my systems, allocate RISK PORTFOLIO capital differently etc
I should start by mid-September
 

 

 

SELLING options seem to be the best way to trade this market. or, ST and VST trading. 

I have not seen such big INTRA DAY moves since.... maybe never before! 

 

Or better yet, sell calls and puts in this grind grind grind market.  Couldn't resist, started a long build at 3860....

 

Did you not trade in 95-1997 d, now that was a volatile time, way more than now??  This is the perfect world for selling options and will be for a very long time to come and especially right now as we are in grind mode that will likely last at least until September.  The bearish calls are insane to which helps to keep things level especially according to option prices, no real direction set.  Good news though is my stop was never hit for my long at 3825, which by the way I listed on blu's crash thread by accident but will now move my profit stop to 3850 for the cash open.  I'm likely to start doing fewer day trades as summer is here and there are things to do lol!!! 

 



#33 dTraderB

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Posted 19 July 2022 - 08:43 AM

DOLLAR DOWN

EURO up

YEN UP

 

Is that not as predictable as you can get to TRADE LONG today, or at least before the market reverses down again?

Am watching for a few minutes....



#34 12SPX

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Posted 19 July 2022 - 09:17 AM

Gonna go crazy here and put in a profit stop at 3875 for that nice even 50 point profit if hit and go from there as I figure the chop will start soon!!! 



#35 redfoliage2

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Posted 19 July 2022 - 09:26 AM

Buy the rumor and sell the news .........................



#36 12SPX

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Posted 19 July 2022 - 09:28 AM

Havn't you been short since yesterday,,,,,,profit stop 3885....



#37 redfoliage2

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Posted 19 July 2022 - 09:37 AM

Took the profit overnight on the ES shorts and I'm now shorting it again ...............


Edited by redfoliage2, 19 July 2022 - 09:38 AM.


#38 12SPX

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Posted 19 July 2022 - 09:55 AM

Except the market was never down was it, guess who would know unless you actually post it on here, good for you.  Profit stop 3895....



#39 12SPX

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Posted 19 July 2022 - 10:09 AM

profit stop 3905....



#40 12SPX

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Posted 19 July 2022 - 10:21 AM

And out for an 80 point profit, wasn't that nice.  Maybe time to start looking for a short build around 3905