ES Journal - 2019/2020

[vanzandt]

I have called only one long term bottom. Numbers 1 thru 16 all reference that same long term bottom. Other bottoms that I called have been intraday and swing bottoms which for the most part panned out into bounces. The Izzy Bottom continues to hold here and is looking good. It's a bold call, but one that only I am willing to make.

Fair enough Izz.
Can we get a number on it though, just for "journal integrity".
How'd the 9 holes go?

 

[Laissez Faire]

So far, this is 'yesterday'.

 

[Noone123]

Only good trade today is VIX. 66% to win. Damn, starting to hate IB w their margin. Basically up the equivalent of 100 pts SPX in VIX without index moving at all.

Is anyone trading the VIX? There will be many more good trades to come while VIX is still high.

 

[Noone123]

So 1 to 1 RR, but 66% win with either flat or up move. 33% to lose if market tanks hard.

 

[vanzandt]

Hmmmmmm.
Nothing is jumping out as a trade today.
$WORK is up another 6%, tempted to close. Hmmmm.
Hands. Sit.
ISRG is at $423 now. Good long term still, but too risky to trade today. That thing moves, when it has a low volume day which its having so far today.

WYNN is up 22%, $57, that might be the ticket. Short. But not yet.

Ok, as I typed that I took 200 shares short. 58.60 That might not be a good trade, we'll see.


EDIT... Ok I closed it at 57.23.
Edit 2: @#$%^$%

Edit 3: CXW, the prison company, it got below $10 today, I said I was gonna buy some for the long term if it went below $10. I didn't. Oh well. $10.44 now.

Edit 4: I tend to agree with B1, WYNN is a good long, I wouldn't call it a screaming long as he did, and its not going anywhere anytime soon, and if what they are saying is true, its probably near the top of its channel right now, although $62 might be a better call on that. Its gonna remain a very good trading stock for awhile though, long and short. The action is certainly there, and it will remain there even if these markets settle down a bit.

 

[Noone123]

Looking to exit 2450ish, chop day so 40-50 pts target makes more sense with up bias.

 

[Huyang]

So 1 to 1 RR, but 66% win with either flat or up move. 33% to lose if market tanks hard.

how do you trade vix? thanks

 

[Noone123]

Vix futures.

 

[vanzandt]

how do you trade vix? thanks

Don't do it. You'll lose money.

 

[Noone123]

I always have it on my screen to track volatility, but literally only traded it yesterday since it looked too juicy. I may jump out of ES and trade VIX now.