Buckle up Guys its starting

joezapp · Sep 19, 2016

CyJackX said:
For those who are on the sidelines who want to go long but are afraid of a correction, why not sell puts until it happens? Might as well collect the premium and hope you're right.

Of course, not too right.

Indeed. Sold a lot of index OTM put options when the Dow dipped below 18000. Will sell more as we move below that level. Also sold OTM call options at the record highs. That is my game.

SimpleTrades · Sep 19, 2016

joezapp said:
Still long SQQQ. Can't see it ever going below my cost before I sell it (which will be in less than 1 month).

I sold my TQQQ with a modest profit today, only to buy back in again as it fell. Sadly, I am down $100 on the newest trade. It dropped much more than I expected today.

propwarrior · Sep 20, 2016

lovethetrade said:
I think we are heading south until next year.

ES might go as low as 1800.

sorry to sound like a douche but this is the equivalent of saying the market might go down or it might go up. The can do anything at any given time, that's the beauty of it.

lovethetrade · Sep 20, 2016

propwarrior said:
sorry to sound like a douche but this is the equivalent of saying the market might go down or it might go up. The can do anything at any given time, that's the beauty of it.

Is it the equivalent is it?..OK! I've given my prediction and that is we are in a bear market until next year with a possible target of 1800. Read that how you will.

propwarrior · Sep 20, 2016

subtle shift in Trump rhetoric underway. notice how he briefly mentions banks but doesn't go into detail.

SimpleTrades · Sep 21, 2016

joezapp said:
Still long SQQQ. Can't see it ever going below my cost before I sell it (which will be in less than 1 month).

Ouch. Hope you're out. I just pulled out of TQQQ with some more profit.

joezapp · Sep 21, 2016

Nope. I have an order in to add in the after-hours session. I won't lose on this trade. But, yes, I'm down on it a whisker.

Excellent job on your part...both times!

SimpleTrades · Sep 21, 2016

joezapp said:
Nope. I have an order in to add in the after-hours session. I won't lose on this trade. But, yes, I'm down on it a whisker.

Excellent job on your part...both times!

As I see it we can both profit on our respective sides. There is enough volatility. You grab it as it falls. I'll grab it as it rises. We both win!

Humpy · Sep 22, 2016

If Trump wins the Presidency there will be big changes.
Once he opens a trade war with China all hell will break loose. Markets will plunge.

propwarrior · Sep 23, 2016

its going to be a very interesting US session. Is the bull run of the last 2 days in equities a real move or was it are those late bulls going to get slammed. Silver is leading Gold. Will the equities/gold correlation break.