Could be like 11/2014 or any other breakout.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Could be like 11/2014 or any other breakout.
Did you know, 2/3 of the gains come from the overnight session. Futures rise overnight, floor specialists mark up there merchandise. Index futures are the magic. The Central Bank is a participant in the futures markets. Its like a free market rise with little to no work. There is ZERO overhead resistance.
that's why it's my instrument of choice
Currently have a daytrade short 52.25
Stop is 56
Objective 1 is 2842.5
Yes I'm stubborn
Top of down trendline
Bet is we revert to lower uptrend line
36-42 area
Stopped
On to the next trade
Don't ever forget, straight up parabolic moves always end badly. Its not different this time.Slow steady moves with a gradual slope upward last and last. We are in the final stages of this market cycle. Can it keep going up, yes it can, the end moves are always the most dramatic. I suspect after the midterm elections this fall we will see a possible change.
30 points of upside if the breakout holds
Up $450 now on my new account in open positions! (5000 start balance)
Gonna increase my size next week.
If I can make like 500-1000 per week, that'd be ideal
Really wanna try stock trading too, but I know that's a very different game as you never really know where an individual stock is going, and i'd lkely be spending my SPX profits on losing stock trades lol
Need to find a good broker though who let you trade stocks direct without the PDT rule. Only ones i've found so far are COLMEX but no heard great things about them
Gonna increase my size next week.
If I can make like 500-1000 per week, that'd be ideal
Really wanna try stock trading too, but I know that's a very different game as you never really know where an individual stock is going, and i'd lkely be spending my SPX profits on losing stock trades lol
Need to find a good broker though who let you trade stocks direct without the PDT rule. Only ones i've found so far are COLMEX but no heard great things about them
Tell me about your risk management?