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any bulls still out there?
- Thread starter krazykarl
- Start date
Just been making some bad mistakes on timing though. For a newbie, maybe this is a good time to just sit back and watch and learn :eek:Quote from $CostAverageMAN:
Not that this is new info to most of you, but look at the negative correlation between the VIX and the S&P 500....As you can see during every significant decline in the market you get a spike in the VIX.....Hence the point I'm trying to make is that If you are trying to buy protection for your portfolio a few days after the sell off began and the VIX is in full spike, then you might be over paying for your protective puts.....This is why before I ever buy put options on IWM and SPY to protect my portfolio I always check to see the VIX at a low before I purchase.....This will usually occur around the same time the market is in a nice steady climb, the perfect time to use some profits and buy insurance....
Yes I HAVE BEEN IN 85% CASH SINCE 5/11 AND HAD MAY PUTS ON the OIH, IWM and SPY SINCE 5/5....
$COSTAverageMAN
In general there is an inverse relationship between volatility and price movements. Have you ever tried just buying ATM/ITM vix calls as a hedge? A couple others are trying it out right now.
Well my first market calls that were made under this trading form...
Yesterday's bottoms of CME, ISE, NDAQ, NYX, GLD, ICE (ICE and GLD are the underperformers...They are only up 2%...and ICE hit a lower low today, but it don't matter to me cause that was the one I sold near the open)
So here are some charts....Most are up over 5% since I pointed out the bottom yesterday....
This was posted under Forums--Journal--Trading for a living--Want to share
05-24-06 01:36 PM
Bought NYX@55.46
Looking for oversold bounce in these exchanges
Attachment: nyx.gif
This has been downloaded 5 time(s).
05-24-06 01:37 PM
Bought CME@420.00
Attachment: cme.gif
This has been downloaded 4 time(s).
05-24-06 01:39 PM
Bought ICE@53.40
Attachment: ice.gif
This has been downloaded 8 time(s).
05-24-06 01:38 PM
Bought ISE@35.08
Attachment: ise.gif
This has been downloaded 13 time(s).
05-24-06 01:33 PM
Bought NDAQ@27.48
Attachment: ndaq.gif
This has been downloaded 8 time(s).
$COSTAverageMAN
Yesterday's bottoms of CME, ISE, NDAQ, NYX, GLD, ICE (ICE and GLD are the underperformers...They are only up 2%...and ICE hit a lower low today, but it don't matter to me cause that was the one I sold near the open)
So here are some charts....Most are up over 5% since I pointed out the bottom yesterday....
This was posted under Forums--Journal--Trading for a living--Want to share
05-24-06 01:36 PM
Bought NYX@55.46
Looking for oversold bounce in these exchanges
Attachment: nyx.gif
This has been downloaded 5 time(s).
05-24-06 01:37 PM
Bought CME@420.00
Attachment: cme.gif
This has been downloaded 4 time(s).
05-24-06 01:39 PM
Bought ICE@53.40
Attachment: ice.gif
This has been downloaded 8 time(s).
05-24-06 01:38 PM
Bought ISE@35.08
Attachment: ise.gif
This has been downloaded 13 time(s).
05-24-06 01:33 PM
Bought NDAQ@27.48
Attachment: ndaq.gif
This has been downloaded 8 time(s).
$COSTAverageMAN