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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
It is really challenging to trade this stuff, in general...This market is constantly trading on the "trap and harvest" paradigm, it seems every intra-day move comes out ofout,l a major squeeze in both directions...I'm not comfortable trading futures with this kind of action,
Yeah, lately ive just been trying to look for spots where the market is going to fuck the most traders, like todays wash out, or the reversal on friday, seems like there is no rhyme or reason to it, other than punishing the people once they finally change gears from long to short.
ok in TF at 1133 st 1138
flat 1133 low coviction
Max are you long volatility for the next few days?
If i had to put my call on it, id be long volatility in the ES next couple days, short it in energy, i was another one of the suckers who bought into BTU and alot of those names this morning, but thankfully it showed me what the market was going to do in general. (Like i said earlier take what i say about the ES FWIW cause im not much of an index trader.)
But i think that Energy stocks arent going back to the lows after the last couple days, but the ES might, but i think weve tested and tested and tested these bounces in energy and bounced them and went to lows. So i think this time we are going to stall, and stay around here, then maybe gear up for another round to punish the shorts.
Yeah, lately ive just been trying to look for spots where the market is going to fuck the most traders, like todays wash out, or the reversal on friday, seems like there is no rhyme or reason to it, other than punishing the people once they finally change gears from long to short.
Yes, and crude seems to be the hammer that is really accounting for alot of this...Granted, I guess it all goes back to the US$, but I've seen a few days where that thing is spiked and it generates some sharp squeeze or reversal in the indicies...
If i had to put my call o it, id be long volatility in the ES next couple days, short it in energy, i was another one of the suckers who bought into BTU and alot of those names this morning, but thankfully it showed me what the market was going to do in general.
But i think that Energy stocks arent going back to the lows after the last couple days, but the ES might, but i think weve tested and tested and tested these bounces in energy and bounced them and went to lows. So i think this time we are going to stall, and stay around here, then maybe gear up for another round to punish the shorts.
XLE looks decent for a short or maybe some puts. (Then again, I hate shorting this stuff when it's already come off the highs)
yea I was pulling the trigger on oil etf this morning (I was sold on the higher oil story) then it starting breaking a little and I realized that the long oil story was just more crowd/harvest and I backed away
after many many lessons I hesitate hard on my first morning impulse buy and then fade it cuz its usually a follow the crowd move and I rather be on the other side of the crowd everytime
after many many lessons I hesitate hard on my first morning impulse buy and then fade it cuz its usually a follow the crowd move and I rather be on the other side of the crowd everytime
and just like that the selling stops on a dime...really can only scale in and out in this kind of environment...so damn skittish.
Yes, and crude seems to be the hammer that is really accounting for alot of this...Granted, I guess it all goes back to the US$, but I've seen a few days where that thing is spiked and it generates some sharp squeeze or reversal in the indicies...
Yeah exactly, more than anything ive just been trying to focus on reacting, i know that should be the mentality in general, but what i mean is that when you see prices hovering around a support/resistance point just react, and trade it in the way that it makes the first move, knowing that there is going to be alot of bag holders driving price action either way.