I just took 80% off on both GOOG, and AMZN, and half of ES as well, its friday and i just want a stress free day, now its all just a waiting game to see if a pretty good day turns into a homerun day. GOOG forming a likely double bottom here.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I just took 80% off on both GOOG, and AMZN, and half of ES as well, its friday and i just want a stress free day, now its all just a waiting game to see if a pretty good day turns into a homerun day. GOOG forming a likely double bottom here.
Yea after a huge 3 week run up if you can grab gains in stocks like Google and amazon and the es after pretty huge move its time to take profits. I took profits and will by back most of what I sold when the S$P breaks 2000 again
Admittedly ive been a bear on this whole move up, but i mostly trade equities so it hasnt effected me much, but yeah GOOG, and AMZN were layups, in hindsight i wish i took more, but ive been having a tough month.
Like i said earlier, who in their right mind would have been buying that gap up today in GOOG and AMZN, if you were a bull and you nailed the bottom, you would have to be out of your fucking mind to not take some profits on those gap ups today with whats been happening in the world.
Just flattened everything, up huge today, dont want to fuck with it, double bottom forming in the ES, and GOOG, and AMZN did their thing already, im most likely being a piker but im a little conservative after a tough week/month, I guess every once in a while even the stupidest bear catches a couple fish. 
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i know i'm beating a dead horse here but we're close to a top
remember 2007? sold off like this and bounced back just like this
remember 2007? sold off like this and bounced back just like this
Minimized my exposure 75% less. That was ugly. I m taking the week off. One of my worse weeks this year. Makes me wish I had a simple job like fisherman or Gardner or elevator boy. The market is a cruel mistress, sometimes punishes good behavior and rewards bad. Is it true that good analysts make horrible traders? Just wondering.
Keep your chin up man, biggest struggle as a trader is making it through the tough times so that you can make money when your right..... This week/month has been tough for lots of guys id suspect, not just us.......
With that said i think your definitely right I wish i took a job in government, it would be nice to never worry about anything, You could be the most incompetent person in history and its no loss to you when you work for the government..... lol.
It's a bizarre market...If I looked only at the Russell and Midcaps (and/or many of the lesser known stocks), I'd never guess where the ES/YM/NQ trifecta were trading...it's basically about goal seeking these indicies...the f'd up thing is that I pass up shorts in the IWM/MDY, etc...because I see the trifecta running and yet the other stuff just flounders consistently downward...
I got burned on a very small put scale in SPY...I was exiting portions yesterday with that Draghi run because my impending doom meter was going off the charts...