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The $11.8K Profit TWEET --- bubble runnig on fumes


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#1 dTraderB

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Posted 31 May 2020 - 05:10 PM

Bought ES 1 lot 3016

it's that darn hedge thing

 

So, this tweet came out at about 2:30pm on Friday as the world waited on Trump's announcement on penalizing China

 

I was already long 4 lots as the markets had recovered while waiting on the President. I read that Tweet a few times to emsure I got it right and then when I was satisfied it was very bullish I ramped up to 10 and then 14 lots NQ.

Total profit on that trades $11.8K 

What surprised me was why this tweet was out there and it took so long for the market to interpret it and zoom up another 100 NQ points? 

Anyway, this bubble is running on fumes, had a great week and trimmed to 49 SPY puts before adding another 3 on the late bounce, total 52 points

 

More later, needed 48 hours of rest and away from the market and market stuff.



#2 dTraderB

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Posted 31 May 2020 - 05:28 PM

Forgot the tweet!  Am in an NQ trade...

 

 

NEWS HOUR WH REPORTER LEE: TRUMP’S CHINA ANNOUNCEMENT WON’T INCLUDE ADDITIONAL TARIFFS ON CHINA OR CHANGES TO THE TRADE DEAL, PER A SOURCE. HE DOES PLAN TO CANCEL VISAS FOR SOME CHINESE RESEARCHERS
2:25 PM · May 29, 2020·

and the rally started with this:

 
U.S. PRESIDENT TRUMP ISN'T PLANNING TO QUIT PHASE-1 CHINA DEAL, PERSON SAYS
2:07 PM · May 29, 2020

 
NEWS HOUR WH REPORTER LEE: TRUMP’S CHINA ANNOUNCEMENT WON’T INCLUDE ADDITIONAL TARIFFS ON CHINA OR CHANGES TO THE TRADE DEAL, PER A SOURCE. HE DOES PLAN TO CANCEL VISAS FOR SOME CHINESE RESEARCHERS
2:25 PM · May 29, 2020·


#3 dTraderB

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Posted 31 May 2020 - 07:17 PM

"Bought ES 1 lot 3016

it's that darn hedge thing"

 

closed  3027.25

 

+11.25

Will put in an ES BUY LIMIT  3006 order before I end this brief Sunday night trading session in a few minutes

 



#4 dTraderB

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Posted 01 June 2020 - 07:23 AM

only NQ day trades so far

markets indecisive, may trade in a narrow range before breaking out

 

ES limit order above moved up 3027.5



#5 12SPX

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Posted 01 June 2020 - 08:03 AM

Covered my short after the open yesterday for a 12 point profit, then put it on again at 3043 with a current profit stop at 3040.  If it holds down I would cover for a long maybe around your 3007 level once again we'll see.....



#6 OEXCHAOS

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Posted 01 June 2020 - 08:39 AM

While I'm thinking we get a pullback, the rally has been running on money, not fumes. And there's sh*t-tons of money available.

 

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#7 12SPX

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Posted 01 June 2020 - 08:47 AM

Out at 3035 for a 8 point gain start re-shorting at 3043!! 



#8 12SPX

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Posted 01 June 2020 - 08:54 AM

And profit stop again at 3042! 



#9 12SPX

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Posted 01 June 2020 - 09:04 AM

Out again at 3040 for 4 points.  And back in at 3043, start building from here hopefully but think I'll stop posting every little trade lol!! 



#10 12SPX

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Posted 01 June 2020 - 10:07 AM

Ok average short now at 3046 on the ES, profit stop 3045, lets see this thing start selling!