Kudos to MMs
- Thread starter nitro
- Start date
Vicious trading.
Do you stay short into this intra-day counter-rally of the sell-off? I give 2:1 odds that it is right to stay short into Friday, but if you are not quick on the draw, you can see your profits go poof and disappear when you are short, let alone trying to sell a new momentum low.
Do you stay short into this intra-day counter-rally of the sell-off? I give 2:1 odds that it is right to stay short into Friday, but if you are not quick on the draw, you can see your profits go poof and disappear when you are short, let alone trying to sell a new momentum low.
Relentless buying. This is almost a mirror image of last week Thursday/Friday. Selling is now odds against. It may oscillate back and forth, but that is no way to trade imo unless you are (long) gamma scalping. So imo it is best to stand on sideline unless you have strong conviction either way with clear support resistance values and stops there.
"NFV" suggests that there is a strong convergence coming, but it is hard to fade strong buying. Fading strong selling has worked repeatedly.
"NFV" suggests that there is a strong convergence coming, but it is hard to fade strong buying. Fading strong selling has worked repeatedly.
Someone PMed me asking a question that is so obvious, that it never occurred to me. With "his" permission, I am stating it here. The suggestion is, if you are pretty sure that we are range bound on that day, why not go and grab some delta neutral long gamma in an index or ETF, and start gamma scalping! Then EOD exit and go flat. All you have to do is beat your one day theta + commissions.
Imo, that is a great suggestion if you are a pretty good trader. If you can recognize what regime the market is in, you have won at least half the battle, imo, because strategies naturally follow.