S&P daily pivots and break-down & up Targets

HOORAH!

Worked like a charm. Held 2 SHORT TFS contracts overnight with the drift. In the morning watched them move lower to erase almost half of yesterdays jump.

Then added 2 OTM RUT call contracts for a pittance ($900).

Then went merrily to a meeting (yea! away form the computer) never needing to hiccup, belch or any of those unhappy reactions. Gains for the most part still intact.

Conviction is now allowed to prove itself - despite the volatility - in this Bear Market, so that hard earned 10k jumps don't get immediately stolen and I can sleep.

I have used options for years, but my new systems that "swing" trades futures just went squirrel (ier) than they normally would with 40-90 Vix volatility.

Frustration solved. Oh yeah, I forgot to mention the part where we ended the day lower, but then everyone knows that. Holding over the weekend? You betcha!

Paysense

JB: Nice work today as the indexes bounced off your levels. Your our man! I gander you didn't much venture into the unpredictable late Friday action - even tho Break Out level were breached?!?


:D
 
Freakin' 2 contract position went from a 10k gain to a 9k loss and back to a 2k gain. The hedging contracts are gonna be a great help to smooth things out.

The MO for these systems is to maintain constant leverage while targeting trends that usually last 3-6+ months. Scale back and reverse during corrections.

My signals are real consistently reliable, but the basically a 75% in gains these last 8 months <i>was noise</i> since we never really got a good, normal trend.

The trends will spike equity really easy and up 250-450%. So prolonged periods of up 20k on 20k back down 10k back up 15k back down 10k will - with a track record of say normal activity on the order of 3 times what we've had these last 8 months - ultimately make this look like minor fluctuations.

The calls will really help smooth these type periods out and let me wanna trade and not sell out at extremes to unecessarily eat away at interim gains (or worse yet, <i>have</i> to day-trade <in jest>)!

gA aka pay$
 
Quote from paysense:

Freakin' 2 contract position went from a 10k gain to a 9k loss and back to a 2k gain. The hedging contracts are gonna be a great help to smooth things out.
More...

I am sure you know what you are doing, but a 190 point swing in the ES makes no SENSE in my world!

I think I will stick to my program of "ding trading."

Good Luck!

el surdo
 
Quote from Surdo:

I am sure you know what you are doing, but a 190 point swing in the ES makes no SENSE in my world!

I think I will stick to my program of "ding trading."

Good Luck!

el surdo
More...


I Love to ring the register, today was a great example of
the market bouncing after it gets down to the target area

However also getting to line in the sand area and seeing what
they did was wild I sold short at 914 area and tooK profits
after 10 points cause I was tired and needed to rest my eyes
from looking at the screen all day, talk about getting out early
the worst part was I had no reason to get out, just that I wanted to stop trading for the day.





:eek: :eek: Left a ton on the table ...........OH WELL
 
pS: "(or worse yet, have to day-trade )!"

Surdo: "I think I will stick to my program of "ding trading.""

The ET routine removed a bracketed "in jest" text that was in my previous post after "day-trade".

I am only joshin' with the day-traders. Just not my style.

Kudos JB. Now you are leaving $$$ on the table? Easy days, love 'em!

gA aja Pay$ense

There is always next week, lol.

:(
 
Thanks for another great video.
Yesterday and today and the last few months have been exceptionally scary.
My interest in economics began when home prices shot up in 1994-1995. Something wasn't "right". Next it was gold, then oil...
I have no idea where we're going and am usually an optomistic person but have you noticed a change in tone/mood amongst the populace in the last few weeks? Anxiety abounds.
"Markets" like these aren't for the anxious, the weary, as I learned the hard way this week. So good for you Joe, for making the wise decision to get away from the monitor(s).
I call them "markets" because markets don't usually behave this way, up and down everyday. The only thing I find resembling it are charts way back in the 30s. Not good. Some say it's potentially much worse now and much more difficult to "unwind" now. Uh oh.
Someone somewhere jokingly posted they'd but when the price was negative, lol.
 
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