...And They Have a Plan. (Live.)

Overnight said:
…
As of latest update, the settlement price today on the position will be 7896.25.

So my debit will be -$125, not -$2,750...
More...

And there we have it, from the statement that dropped last night. Groovy.

nqsettle.JPG


But I suppose the same thing happens with stock futures too, like when Intel fell $5 per share after their report last week. 1,000 share lot in yer portfolio? Whoopsie.
 
[QUOTE="Overnight, post: 4854013, member: 494466"...because I have to bail on it when the markets re-open. They ain't going to take kindly to this news methinks.[/QUOTE]

Damnit. The thing gapped bigly down. Like UUUge. Can it recover by September? Sheesh
 
Was thinking of holding on, hemming and hawing. (Market overreaction? Typical Trump wishy-washy?)

But then the headline dropped that China was considering cancelling the talks altogether? Nah, to me that was the exit sign, because tomorrow morning the RTH markets will certainly NOT like that double-whammy, so I expect some more damage before it gets better. Couldn't afford to ride out another Q4 2018 scenario.

-165 points. Mreh.

P.S. Oh, now I see the story has changed to just delaying the talks. At least I can sleep a little better knowing that I made a command decision to stop the bleeding.
 
Last edited:
Overnight said:
Was thinking of holding on, hemming and hawing. (Market overreaction? Typical Trump wishy-washy?)

But then the headline dropped that China was considering cancelling the talks altogether? Nah, to me that was the exit sign, because tomorrow morning the RTH markets will certainly NOT like that double-whammy, so I expect some more damage before it gets better. Couldn't afford to ride out another Q4 2018 scenario.

-165 points. Mreh.
More...
So no golf scheduled for Trump and Xi now at Mar-a-Largo?

No one ever made a dime panicking... but that said.... ask yourself... which button would be the hardest to push right now? Buy or sell? There's your answer near term for which way things are heading. It never fails.
 
Well, so after that loss, I watched the market today. Decided to get in mid morning after seeing that it was all being brushed off. Lost 20 points. Then watched it continue north shortly after my exit. Re-entered for the overnight hold thinking Asia will like the news that there will still be a delegation meeting on Wednesday.

And 1 minute before the futures close, this drops...

https://www.bloomberg.com/news/arti...iffs-after-china-reneges-on-promises-jvcunuec

The new position is down 70 points in that last minute.

Here we go again! So, now. Do I hold praying for some miracle recovery during RTH like today? Nope, I cannot. Will be forced to close it out when markets re-open. All profits for the year will be gone. In two days because of FUCKING TRUMP.
 
I personally design systems around a more slow, methodical, controlled market. Once or twice a year you have these crazy moves pre market that send the market haywire. Beginning a swing trade right after news in a toppy market (and I say toppy bc volatility was picking up near the highs pre tariff talk)

Want to make money swinging futures ? Wait for a dip in a zero news uptrend and have wide stops.

Want to swing for the fences ? Keep doing what you’re doing.
 
You must log in or register to reply here.
Back
Top