I went long yes when the s$p was at 3000 so most of those positions this morning are flat to slightly down. I only bought a handful of shares in about 10 different etfs. Probably 1/10 to 1/4 of of positions...but still have short positions on...going to be a fun day. Once markets break support and the s$p drops below 2750 ill add in another quarter of positions and then wait for March 23rd lows if they come to add in more all while holding onto some short etfs.
DOW futures down 300 again
- Thread starter KCalhoun
- Start date
I went long yes when the s$p was at 3000 so most of those positions this morning are flat to slightly down. I only bought a handful of shares in about 10 different etfs. Probably 1/10 to 1/4 of of positions...but still have short positions on...going to be a fun day. Once markets break support and the s$p drops below 2750 ill add in another quarter of positions and then wait for March 23rd lows if they come to add in more all while holding onto some short etfs.
CannonTrading_Ilan
Sponsor
How are you managing these as the market advances after the open?
Are you trailing a stop, scaling out or holding?
If I show my 10 year old nephew the recent bull leg since March 23 2020, and ask him to pick a direction, long or show, He will clearly say long.
Why is it so complicated for anyone to just buy the SPY today? No seriously, why? CLEARLY the bulls are winning. Why not just join them? Clearly, price is pulling back (e.g., Bull Pull Back). Clearly, you see the damn market going upwards. Why on earth would anyone be talking about going short? WHY? I mean, we all see the same damn chart?
Why do people trade against the trend?
I am clearly and happily going long today SPY. And clearly and happily enjoying 401K returns.
lol, maybe I am just too damn simple.
Why is it so complicated for anyone to just buy the SPY today? No seriously, why? CLEARLY the bulls are winning. Why not just join them? Clearly, price is pulling back (e.g., Bull Pull Back). Clearly, you see the damn market going upwards. Why on earth would anyone be talking about going short? WHY? I mean, we all see the same damn chart?
Why do people trade against the trend?
I am clearly and happily going long today SPY. And clearly and happily enjoying 401K returns.
lol, maybe I am just too damn simple.
And now up a 1000
Adding more sborts today and selling off longs I added since last Thursday and Friday. Got to take profits on longs, up 15-30% on the triple long etfs TNA, NAIL, SOXL BNKU, NRGU etc.
Again they were very small amounts of shares but ill take what I can get.
I think you should go max long. You can't fight the awesome retail numbers.
%%
SDOW = good daytrade today;
but since spyg did so well above 50dma -spyg costs more+ worth it for me.[delayed reply= its turn-around tues- sorry if more rioters catch the virus but that's life...………..]
True, SDOW TVIX were the 2 I traded today in addition to hedge pairs. Good initial gap bounces in inverses right after 9AM