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I don’t think anyone is saying his approach is wrong. It’s the fact that it is not for day traders and also consists of extremely wide P&L swings. If one can ignore their NAV from day to day, all the more power to them.

Not sure what happened to Ammo. He was insightful trader.

It’s a mindset. I have friend that only trades long. He refuses to take a big loss. Always selling all kinds of options spreads to “manage” his position. Never shares how much he is down. You can tell when he is down because his mood changes. He has convinced himself that because the...

Your daily P&L of complete portfolio has got to be volatile. Obviously you are able to control the emotions associated with it. It’s not for the faint at heart.

Steering clear of BTFD at the moment. Not liking what I am seeing.

Seems stops are being ran outside of RTH vs RTH. Don’t understand that.

Out at 39. No complaints.

Expecting a break of yesterday low

I am still short. They are going to bang some stops below this level.

Yesterday SPX candle + the previous two days = move down to test 2583. I have offer out at 2659. Small position in case it is premature.

Very happy with results today. Shorted the 38.2% retracement as mkt struggled to get back to 78 after the open. Plan was to add at 50%. When we tested 31.5 went long and added more at 21.5. Love this volatility!

Those trading the extremes are just killing it.

Eyes on 2698.5 for short entry, but light due to mkt holding this range. Unfortunately no pullback set ups for me to get long on this once again vertical move.

What, no thank you for saving you longs a bunch of money on my call by switching to Geico???

The masses are expecting a spring which means we will go down to test Feb lows this month. VIX will spike to 50. How deep we go depends on how many stops are below the 2603.

There is the camp out there that believes we will see all time high because there has been no blow off top. Nothing says we need to have blow off top to top. Look at 2007 high. We need a catalyst for blow off top and right now I don’t see anything remotely positive to create one. Honestly...

The market is trading week...plain and simple. I would love to see a retracement up to 80 but don’t believe we will get it. That vacuum below is going to wash out bunch of longer term longs. It could really fall depending on how much volume comes through on a wash out

Amen!

That ain’t happening any time soon

After open missed they front ran the 50% retrace from 2709.75...I was bid 65.5