Gotta love ZERO RISK in the SP500 = $$$

noddyboy said:
Hope you bought back all your inverse ETF!
More...


  1. Gave back, be careful adding shorts, if you are adding short positions slowly go back in and do it, Im trading a bit differently now than I was in October 2014 when I thought the bear market was coming, it didn't, I kept that in mind and unloaded almost every short I owned the last week knowing we were going to get days of 300-600 point rallies I then added in longs and now yesterday at the close and today at the open have been slowly adding in short etfs

    These are the positions I took in the last 24 hours...

    SDOW bought 1/4 position at $24.75
    SDOW bought 1/4 position at $22.75 will add next lot under $20, cost average at $23.75
    TZA bought 1/3 position at $12.25 will add next lot under $11.00
    SQQQ bought 1/2 position at $25.25 will add next lot under $21 or nasdaq 5000+
    ERY bought 1/4 position at $31.25 will add next lot under $25
    FAZ bought 1/4 position at $13 had a great profit mid day yesterday but held on, will add more to that position under $11.00


    WILL jump into SPXS when s$p gets back above 2075+

    #9461 Thursday at 11:33 AMReport
    Reply Share

I bought more TZA @$11.85 last week after buying at $12.25
Also bought more ERY around $29.35 on Friday
And today after DWTI fell over 20% I bought that under $95 which should easily jump to $105+

Ifffffff we get another day like august 24th I would be making heavy amounts of money on these positions, but I doubt that happens....unless we see a 5% selloff in Europe tomorrow then there is a possibility but I'm sure buyers will step in...
 
They keep saying this is a bull market correction rather than the start of a bear market, makes you wonder if they even know what they are talking about....they just want to keep everyone at ease...,



The roller-coaster ride for stocks continued this week as the S&P 500 and Dow both ended their worst month since May 2012. And according to one technician, the volatility could continue through the end of the year.

"We're categorizing this as a bull market correction rather than the start of a bear market cycle," Ari Wald said Monday on CNBC's "Trading Nation." All major U.S. indexes fell more than 6 percent in the month of August, with most of the selling happening in the last 10 trading sessions. Wald defined these types of downturns as "sharp and brief," but "still require time to stabilize."

In order to get a clearer understanding of when stocks might regain footing, Wald, head of technical analysis at Oppenheimer & Co., drew comparisons to past pullbacks. "We compare the current setback with [similar] nonrecessionary, secular bull corrections in 1962, 1966, 1984, 1987, 1988 and 2011," he said. "In these examples, the S&P 500 needed between two to six months between breakdown and breakout."
 
romik said:
50% range reached, decider here.
More...


At the open Im going to unload my SQQQ and most likely my SDOW and wait for a brief rally to once again get back in on the short side, I will hold onto the rest of my short etfs in case of another august 24th opening which is possible....its going to be a crazy opening...

Where are the support lines on the s$P????

I wouldn't count on new lows on the s$p today but most likely in the next week or 2 if this drop starts to snowball once again..
 
You must log in or register to reply here.
Back
Top