If you were long 5x leveraged on ES, and today the market is up today...

[noddyboy]

what would you do?

 

[Ivanovich]

I voted that I would reduce my positions. I'm with you on the whole "buy dips" strategy, but it's beginning to wear thin.

 

[noddyboy]

It is taking all of my energy to stay long...the bears make good points, but what about letting winners ride?

 

[noddyboy]

Implied vols even though low, are much higher than realized vol.

Either
A - people are still fearful, so crash will not happen now

OR

B - options are pricing in positive autocorrelation, aka momentum.

 

[jimbojim]

Too many defaults are on the way, including whole countries and US States. Hit and run...

 

[Ivanovich]

Again, I voted reducing, not eliminating, longs.

Exposure is the enemy, not direction or momentum.

 

[Fireplace]

Took out a new high today and now basing in a tight range in the lower half of the overall day's range. I wouldn't do anything unless we break the low in which case I would cover some if not most of the position.

Quote from noddyboy:

what would you do?

 

[shortie]

historically, Mon after the Good Fri is a down day. so, switching to short may not be a bad idea.

qqqq just closed the overnight gap

 

[DarthSidious]

Quote from noddyboy:

Implied vols even though low, are much higher than realized vol.

Either
A - people are still fearful, so crash will not happen now

OR

B - options are pricing in positive autocorrelation, aka momentum.

I want a Bloomberg terminal . Anyplace I can get the historical vs. implied vola charts?

 

[DarthSidious]

ok, this one is not bad for hist. vs. imp. vola.