End of All Bear Markets?

trader99 said:
So December 2018 and Jan 2019 I was doing well. Then in February, I had the stupid idea that we might be topping and started buying puts. I gave back all of my gains.

Stocks that gapped down reverted and headed higher. I thought shorting(indirectly via puts) a downward trending stocks would be a good idea. Nope. Most downtrends were bought and reversed. Wow. Shocked me to the core the strength of this rally.

Also made feel stupid of doing countertrending Perhaps it can go 52 weeks straight up. Who knows. Who cares. The point of short-term trading is to follow the patterns and trade accordingly.

This is like 9th and 10th week straight of bullishness. It's as though the Fed and Central Banks all over the world will never allow another bear market to happen under their watch. I know this can't be good.

But I've given up. It's hurting too much. I still have a small SQQQ, YANG, TVIX position.

From now on, stay with the bullish trend until it's otherwise indicated.
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Think about this:

When you made a bet on buying/selling call, you had a 50:50 chance of being correct.

When you had to choose between buying/selling call/put, your chance of correctly picking the option went down to 25%. :D
 
don't you just love it for the people here who think the market operates on common sense? come on...how long you guys been trading? lol.
 
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murray t turtle said:
%%
True.
And while i'm not short or long PCG; most all of the trends are still red/down, 50 dma,down 200 dma down+ still down for long time. Even if it has hit a bottom @5.0777,maybe not; hard to argue with a 50 day/200dma down sloping moving average.+ crooked management:cool::cool:
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I wished I was still playing PCG. It made the most money for me. I started playing small illiquid names options. The bid/ask alone screwed me. Then when it goes against you, getting out can be painful. lol.

But the bigger fundamental issue was using put to do an implicit short when markets were still strong.
 
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trader99 said:
I wished I was still playing PCG. It made the most money for me. I started playing small illiquid names options. The bid/ask alone screwed me. Then when it goes against you, getting out can be painful. lol.

But the bigger fundamental issue was using put to do an implicit short when markets were still strong.
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I like charts /trend s that are are strong, with confirming fundamentals=TSLA downtrending again. Mr Musk fighting/disrespecting SEC, TSLA bad customer service WSJ reports.

OR SPY, small caps ,QQQ again doing strong uptrends. NOT a prediction; if they throw Mr Musk in Jail,March 11, TSLA could uptick??:D:D
 
Timing is nothing- if you know how to structure options trades you can have plenty of downside exposure for next to nothing. I'm a moron and I make money with options every month-not by buying or selling naked either. Learn some strategies that will protect your money while giving you what you want. With options you can buy and sell time,direction,volatility etc. You completely negate the beauty of options by trying to use them in a binary manner
 
Got out of my TQQQ call options. I'm glad I got out of SQQQ on Friday and reversed. Stay with the trend until it changes. Hopefully March will be the month I make back my losses. I'm already up 6% today alone.
 
trader99 said:
Got out of my TQQQ call options. I'm glad I got out of SQQQ on Friday and reversed. Stay with the trend until it changes. Hopefully March will be the month I make back my losses. I'm already up 6% today alone.
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U would have got paid today with sqqq 3/4/19. Be patient.
 
vincentnyc said:
U would have got paid today with sqqq 3/4/19. Be patient.
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That's with futures constant manipulation happening in 2019... When futures start getting manipulated in red and not green, it's a wrap! US treasury is gonna buy the dip tho, it's gonna go sideways until China Small Banks/Mid Banks Minsky or Euro Banks fail, which is any day now but who knows when. Trump ordered Munchkin to have there desk buy any form of dip, it's obvious some magic buyer always power buys SP lots when dip gets a little momentum, surprised it didn't happen today so far
 
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