ES Journal - 2019/2020

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vanzandt said:
Gonna rest an order for 200 at $147.79 and not look at it.
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Damn.
That was the perfect level. It nipped twice on the 1 minute candles, 147.69, 147.77, then it spiked the 148.49.

$138 now. $2K out the window cause I got scared of the algy's.

The good news is my $WORK is back above $20. Thats the mother-lode :cool:
 
vanzandt said:
Damn.
That was the perfect level. It nipped twice on the 1 minute candles, 147.69, 147.77, then it spiked the 148.49.

$138 now. $2K out the window cause I got scared of the algy's.

The good news is my $WORK is back above $20. Thats the mother-lode :cool:
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20k swing for me overnight. Arggh!
 
Noone123 said:
Expecting a down move today. If not, I don't think bottom is in yet. Maybe, next week to get a bottom.
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We aren't out of the woods yet.
Those option writers know whats up. They always do.
A few minutes ago, you could sell the $37.50 puts on WYNN, tomorrow's expiration, for $1.35! WYNN was just over $48.
That's either the closest thing to free money there is... or the option writers aren't convinced. Since there's no free money, I'm going with the latter.

I'm not buying this rally. Uh-huh.
 
I just shorted WYNN at $50.65
B1... let me know if my trades are derailing your thread and I'll shut up.
We're in extraordinary times here, so I want a temporary exemption.
Edit, that was 51.65
Edit... 200 more at 50.88
Thats enough. 400 shares.
 
Noone123 said:
Expecting a down move today. If not, I don't think bottom is in yet. Maybe, next week to get a bottom.
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Probably taking a 'breather' today.

After all, we're already down 16 % on the week from Friday's Close to yesterday's low.

First, we need to take out yesterday's HOD at 2442,25. If we do that, I don't see why we can't print 2480 or 2500 today.

Of course, there's always the chance we can rollover from here too. Just not my main scenario for this day at this point.
 
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