Search results

I bet someone big got taken out in the bonds this week. Massive spike in the bonds market immediately followed by a big sell off during the worst week we've seen since October 08, arguably even worse. There's also a divergence in the 30 year against the 10 year this week, the 30 year ZB is...

I'm right there with you trading small. I'd place 50 $100 trades over one $5000 trade any day. Gives you more room for error and forces you to develop a winning strategy over time. Good luck with the journal. It'll be fun to watch in these markets. When I was first learning to day trade, I...

Those pesky algos

XLK

Ha no way, this trade is dead in the water. I placed this trade on Friday looking for a bounce before we went limit down on Sunday and Monday. I usually place 1 trade a week in this account. I might not trade more in this account until the volatility cools off a bit but still unsure there. I've...

trading on russell locked limit down. Heading there with the ES as well

crude opened limit down and trading was halted. Back open for now, dropped 25% which is absolutely massive

True, but theoretically, it wouldn’t be difficult to make it work. If you have a multi million dollar account you just needed to transfer say $10k a month, the Martingale “strategy” doesn’t seem so bad when the losing side of your trade is your other account.

Does anyone have any experience with brokers or the IRS in manipulating gains/losses by trading box spreads in multiple accounts? For example, say I bought a 2900/3000 SPX call spread in my Roth and bought a 3000/2900 put spread in my Ira. It’s a box spread so theoretically it’s a riskless...

If it’s a losing trade then it’s a losing trade. There won’t be much you can do to save it without adding significantly more risk to the table. Butterflies are made to be low probability trades. They’re inexpensive in nature so the best thing to do is accept the loss and move on to your next trade.

If it’s a wide butterfly you can roll both of the long legs closer to the short strike (keep them equidistant). If the butterfly is slightly in the money this can be done for a credit, which will often be more than the debit you initially paid. This will leave you with a more narrow butterfly...

I don’t set a daily profit goal if I’m daytrading. I usually trade the first 4ish hours of the trading day and stop around lunchtime chop. Price action is significantly different in the morning as it is into the close. Trends seem to break and consolidate toward the latter half of the day as...

I look at the market on a week to week basis with the beginning value starting with Friday’s closing price. I base direction on market conditions and implied volatility. If the implied volatility is predicting a 100 point move from start to finish and we move all 100 points in one direction...

In case you didn't notice, I'm using this thread to post my thoughts and opinions on the overall market conditions on a week to week basis, which is what drives my trading strategies. Another crazy week behind us with volatility not backing off a bit. Based on this weeks price action, I'm...

The CME group publishes this here: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html I closed out the trade for a small profit. The fed cut rates today but the market sold off on the news, invalidating the trade. Still was able to get out for a small profit, albeit minimal...

I just realized I read this wrong. The market is pricing in a 100% chance of a 50 bp cut by march and 70% chance of a 75bp cut. Crazy!

Last week we saw a 7 standard deviation move to the downside in the S&P's. Statistically speaking, that's as close to impossible as we're gonna see. After a crazy week last week, I'm playing for a bounce. Dead cat bounce or otherwise, I want to be part of that upside move. Trade 10: tIP BOT +1...

Housing prices could go down but things would need to get a lot worse. Rates are low and heading lower which is favorable for the housing market. With unemployment low, more people will be okay taking out loans to purchase properties. But at the same time if things worsened and businesses shut...

I think the opposite. Anytime I win or lose more money than expected I always sit down and analyze how that happened and focus on the probabilities of replicating that result. It makes me a better trader to focus on how to improve. Although writing naked on amazon and google will be a lot better...

Whenever I take a hit like that, it always makes me feel better to compare how much I lost against how much I would have lost had I held onto the position...