One of my favorite trades and the week is done

T

tango29

Took the ride up in the ES, and got out at 4397. But that not's one of my favorite trades, that would be the good old round number trade. Took a short at 4399.5 with a 1.5 stop if it kept powering up. 4400 being the magic round number I was looking at. Maybe would have filled 4400, but I have missed quite a few getting picky. 3 contracts, out at 94. I love this week.
Peace, have a great weekend
 
Automation had gotten short Lumber btw 1550 and 1580 and reversed tad over 500/hedged.
Took 4 tries/hedged for add on trades in energies, still long.
Scalping averages continues to decline, turning off all but 2 systems. Shuffling funds to option selling. Risk to reward in scalping don't warrant going for 1-3 ticks, these systems require tighter price action as they scalp noise.

I really prefer very long term commodities trading and directional put option selling.
 
I haven't done much position trading in commodities in years. The only one I take for swings is the 10 yr Note. My day trading is primarily equity indexes, crude, and again the 10yr. I have my long term portfolios of equities which I occasionally day or swing trade, but for the most part are holds. The past 10 years I had been an active writer of covered calls on my portfolio, and I was averaging 2-3 % extra a year, but for some reason this year I have only done two. Again in the past I have used put selling for getting into a position if a stock was to pull back to where I was going to enter anyway, but haven't done so in awhile now.
Other than being bored with sitting in front of the computers, it provides an income and I have no boss other than myself.
 
I daytrade both, and take 2-3 day trades in the 10 year. 10 year has been an excellent swing for me the last couple years.
 
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