Im shorting Goog on Monday

Quote from kinggyppo:

Nice breakout on the ten minute chart, held nicely.
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Looking extremely solid. All of these messages and the stock is only $8 off yesterday's lows (basically, not even worth mentioning).
 
The thing is if you are gonna trade this you have to adjust for the price action, you get some big swings so stop sizing is important.
 
Quote from scriabinop23:

Hmmm... Did you cover yet?
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Nope. The trades are longer term.(months)

edit: I just looked at the tape again - up volume is very week.

I doubt it will take out that 500 today - it looks like another bull-trap based on the price action.




Regards,
 
Quote from krazykarl:

Nope. The trades are longer term.(months)

edit: I just looked at the tape again - up volume is very week.

I doubt it will take out that 500 today - it looks like another bull-trap based on the price action.




Regards,
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Oh. What positions are you actually in right now? ( options, strike, date, etc)?
 
Quote from scriabinop23:

Oh. What positions are you actually in right now? ( options, strike, date, etc)?
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It has open positions in the Mar, Sep and Jan contracts with variable strikes. It open/closes various positions depending on the movement of the inflection points within the chain.

Though I won't disclose the financials I will say that as of this morning the account has tripled in net since the system started trading. Looking at the plots, the largest moves came as a result of writing a number of groups of calls last week.



Regards,
 
Quote from scriabinop23:

52 week low is 437, and that still allows a few weeks.
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it does.....


I think a drop below $500 and quickly it falls to 475-485 range.
 
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