Beginning of October during a bear market. Good place to short the spooz.
3788 is a good place to short
Started by
RadioHead
, Oct 04 2022 11:33 AM
7 replies to this topic
#2
12SPX
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Posted 04 October 2022 - 11:49 AM
Rats I had 3787.42 lol!!! Getting fun for sure!!!
#3
redfoliage2
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Posted 04 October 2022 - 11:50 AM
I got some cheap ES OTM puts today when it was at 3790. Still a bear market and I expect SPX to visit 3500 before the year ends ................... ...................
Edited by redfoliage2, 04 October 2022 - 11:55 AM.
#4
slupert
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Posted 05 October 2022 - 07:53 PM
I'm not shorting, risk reward sucks Read my post under Gm Generals thread. You have to wait for failure on this one or you could really get klobbered. (JMHO)
#5
RadioHead
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Posted 06 October 2022 - 07:00 PM
I'm up about 55 points right now on that short from 3788.
A disappointing job report will send the market higher. I'm not comfortable with that risk.
Placing a stop at 3778 locking in a 10 point gain.
#6
12SPX
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Posted 07 October 2022 - 07:26 AM
Nice trade, good for you, always love profit stops!!! Lets see how this report goes!!!
#7
RadioHead
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Posted 07 October 2022 - 09:20 AM
Thanks 12SPX. So far so good.
Moving the stop down to 3718 locking in 70 point profit.
Moving the stop down to 3718 locking in 70 point profit.
#8
12SPX
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Posted 07 October 2022 - 09:22 AM
Perfect, love to see people protecting profits there is always another day for more and wonderful you posted it!! I'm going for a green day now with my longs we'll see lol!!!
