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  1. 1

    So is there normally a Christmas-New Years rally?

    Because if you look at this chart, SPY is hitting a down trend line in this wedge that it's been making. I'm wondering if all the price predictors would sell here OR if there is a Christmas/holiday rally if that would override the prediction power of trendlines and price is going to keep...
  2. 1

    "The only way to trade with Fibonaccis" journal

    Only if you opened and closed equivalent positions at the same time.
  3. 1

    "The only way to trade with Fibonaccis" journal

    12/22: SPY: $5,326.00 Hedge: -$1,970.00 Net for this trade: -------------- $3,356.00
  4. 1

    "The only way to trade with Fibonaccis" journal

    Both kinda. Like I start out with a structured exit plan but depending on what happens I may adjust it as I go. Hedging allows holding more SPY which pays more dividends (if the position is still open when dividends are paid). I mean yeah technically instead of buying x amount of shares...
  5. 1

    "The only way to trade with Fibonaccis" journal

    No, hedging with SH (inverse S&P 500 ETF).
  6. 1

    "The only way to trade with Fibonaccis" journal

    12/21: SPY: $4,446.00 Hedge: -$1,490.00 Net for this trade: -------------- $2,956.00
  7. 1

    "The only way to trade with Fibonaccis" journal

    gap up outta nowhere! 12/20: SPY: $4,254.00 Hedge: -$1,382.00 Net for this trade: -------------- $2,872.00
  8. 1

    "The only way to trade with Fibonaccis" journal

    12/19: SPY: $1,342.00 Hedge: $130.00 Net for this trade: -------------- $1,472.00 ^ kenwx23 I will answer your questions a bit later. I have to go run off to something now.
  9. 1

    "The only way to trade with Fibonaccis" journal

    I've seen great calls like that after the fact. In my experience it hasn't been consistent enough to be profitable. But if you can make it work, keep doing it. Averaging into a short position is different. lol, are you trolling? Just because your income goes up doesn't mean your...
  10. 1

    "The only way to trade with Fibonaccis" journal

    12/16: SPY: $2,382.00 Hedge: -$398.00 Net for this trade: -------------- $1,984.00
  11. 1

    "The only way to trade with Fibonaccis" journal

    Buy more. Use appropriate money management and leverage so that you never hit a point where you go "shit, I can't buy anymore" and then SPY drops another 30 points. I'm pretty sure that SPY won't go to 0 without retracing for some profit first. If it does, US money would be worthless anyway...
  12. 1

    "The only way to trade with Fibonaccis" journal

    12/15: SPY: $2,854.00 Hedge: -$314.00 Net for this trade: -------------- $2,540.00
  13. 1

    "The only way to trade with Fibonaccis" journal

    12/14: SPY: $2,502.00 Hedge: -$122.00 Net for this trade: -------------- $2,380.00
  14. 1

    "The only way to trade with Fibonaccis" journal

    12/13: SPY: $3,550.00 Hedge: -$662.00 Net for this trade: -------------- $2,888.00
  15. 1

    "The only way to trade with Fibonaccis" journal

    12/12: SPY: $4,478.00 Hedge: -$1,118.00 Net for this trade: -------------- $3,360.00
  16. 1

    "The only way to trade with Fibonaccis" journal

    I post all buys and sells in real time and post updates every day so people don't accuse me of making stuff up or giving BS numbers the way most of the scammers and "gurus" do. With everything updated in real time you can check the timestamps and verify everything I post is accurate and...
  17. 1

    "The only way to trade with Fibonaccis" journal

    12/9: SPY: $5,950.00 Hedge: -$1,850.00 Net for this trade: -------------- $4,100.00
  18. 1

    "The only way to trade with Fibonaccis" journal

    12/8: SPY: $4,270.00 Hedge: -$1,034.00 Net for this trade: -------------- $3,236.00
  19. 1

    The barman special

    Yeah the thing is though, how do you know when to stop? So you start with $600 and your goal is $1,000,000. Cool. I bet a lot of people would stop when they get to $10,000. They'd be like "I just turned $600 in $10,000. Whoa!" Or $50,000. Or $100,000. Or $500,000. Because they'd...
  20. 1

    "The only way to trade with Fibonaccis" journal

    I use SH as a proxy for short SPY.
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