How to track the "smart money"?
- Thread starter farmerjohn1324
- Start date
so did you make any trade today? Did you buy call or put spy options today?
I wish I captured that major down move, but oh well. Couldn't anticipate, foretell, that.
A trader will never nail the market, completely. The best they can hope for is being semi-right, almost, partially, on the bullseye.
My hypothesis premarket was Up/flat...so I bought around 10:10 and closed around 10:50...I wasn't expecting a noticeable dip down.
But trading the market daily, can definitely be part art, part science.
It's not a logical, linear, predictable, square entity you're dealing with.
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I wish I captured that major down move, but oh well. Couldn't anticipate that.
A trader will never nail the market, completely. The best they can hope for is being semi-right, almost, partially, on the bullseye.
My hypothesis premarket was Up/flat...so I bought around 10:10 and closed around 10:50
so you placed 1 trade today? Did u buy a call or put option? What was the date and strike price? Do you have a stop loss on your option trade?
Nobody was. Everything was set in stone, we were chugging along fine, until around noon EDT when Gazprom said the Nord Stream 1 pipeline is out indefinitely because of an "oil leak".
That is what is called a black swan event, as Europe is now panicking about winter fuel supply.
You're asking a lot of questions now, I don't like to be too specific. and be overanalyzed.
Well, obviously if I placed a bet Up...that would be a Call option. (Put option is a bet down)
Stop Loss is a slightly complex, dynamic, entity consideration. If I have strong convictions, I'll stretch my stop loss to give the chart more room to move for the duration of the day, for maximum profit generation. But loosely, generally, speaking...from the point I place my trade, if the chart is showing a steady, consistent, move against me for 15 minutes....I'm pulling out to cut the damage, hope and prayer.
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i know what is a call or put option. i asked which one did you buy between 10:10 to 10:50 am est today? and what date and strike price?
I suspect Cdn energy stocks will gap up somewhat on this news plus upcoming OPEC+ meeting. On a delay basically not much going on with them today. Sometimes takes time for news to register here. OPEC+ may specifically talk about possible output cuts if Iran ever signs a deal. The market is pricing in a recession, Iran Oil added, and OPEC cooperating. Reality is Biden's emergency draws end soon ( they were massive ), Europe is running out of energy sources, and the recession is likely going to be mild and have almost no impact on energy demand. Paper traders are fighting it. Oil stocks long are a better trade then Oil long.
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Like you did on the bus going downtown and really upset ET's Nitrene from Berkeley, CA
2 Eye-talian guys from ET, Vicente & Soyunperdedor boarded a city bus going downtown and took the seat right in front of Nitrene. They did not recognize her nor did she them.
The Eye-talians sit down and engage in an animated conversation. Nitrene ignores them at first, but her attention is galvanized when she hears Vicente say the following:
"Emma come first. Den I come. Den two asses come together. I come once-a-more. Two asses, they come together again. I come again and pee twice. Then I come one lasta time."
"You foul-mouthed swine," retorted Nitrene indignantly. "In this country we don't talk about our sex lives in public!"
"Hey, coola down lady," said Vicente. "Who talkin' abouta sexa? I'm a justa tellin' my frienda how to spella 'Mississippi'."
Foolish ET men give wife grand piano for birthday but Vicente give wife upright organ