Seems to me risk tolerance low at this level. VIX can't break below 13 yet shorts don't want to get squeezed into the dove next week.
ES Journal - 2016
- Thread starter Buy1Sell2
- Start date
Seems to me risk tolerance low at this level. VIX can't break below 13 yet shorts don't want to get squeezed into the dove next week.
Russell up almost 10% since May 19th, up 26% since the Feb 11th lows...Best illustration of the euphoria taking over these markets.
It's possible the market gaps up and makes a measured move to 2200 by next week. You've said risk mangement is the only edge in trading, where is your hard stop placed?
Will eventually make new all time highs and stop me out of last years short position and start all over again seeking to short higher highs, but it has been fun and profitable. I have learned to add on often and when chart patterns shows support, hedge open profits. I love YoYo markets.
Not a bad time to write spx calls
It would seem that way...Take a look at the Russell/IWM
Nice resistance line but if only all we had to do was find those this game would be too easy
