Scaling in here

fan27

fan27

Long 3 MES at 2431.68 (June contract).

Looking for a relief rally to sell into. Will buy more if we go lower and am willing to take some heat.
 
We hit 2406. I'd wait for a move up to chase . Very Very dangerous . Most people were fully loaded long and got caught and big margin calls hitting at any price .3 mes is only $150 per 10 pts.
 
Same. Buying initial shares and selling puts to add lower, but we are coming off such a long run up that we can have a second leg way below. I'm also expecting to take heat, but this for long term portfolio. Exciting times.
 
I have started scaling in also. However, taking heat on the way down. I will not use stops as this is a retirement account.

Alas, I smell a swoosh down to 1850-1950 on S&P 500.
 
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