SPY and other stuff

K

KGTrader4

Think market has had its run.
I had bought 2 tranches of SPY, total 122 shares, at 426 average, didnt mean it to be a trade, meant it to be the begining of getting back to invested VERY SLOWLY in my long term portfolio, which is now only 35% equity.

But seems to me market is toppy in the context of whats going on.

Sold the 122 shares at 443 this morning

I know. I'm trading without a plan, without discipline. This shit is hard.

Started trading paper money on ThinkorSwim, separate from my real accounts. Just buying breakouts,

Bought PXD @ @244,put in a stop at 224 and EQT at 28.04.put in a stop at 24. limiting risk to 2% of (simulated) capital.
 
KGTrader4 said:
Think market has had its run.
I had bought 2 tranches of SPY, total 122 shares, at 426 average, didnt mean it to be a trade, meant it to be the begining of getting back to invested VERY SLOWLY in my long term portfolio, which is now only 35% equity.

But seems to me market is toppy in the context of whats going on.

Sold the 122 shares at 443 this morning

I know. I'm trading without a plan, without discipline.
More...
%%
Congrats on profits; i cut a loss on spxs today, because as of 10;34 [cst] today SPY is not toppy @ all, see how it closes.
I was bit more bearish + sold SPY profit last week, i did not want to be long SPY, FRi\ Monday.
MOST experencied traders/investors could easy make a bull or bear case for SPY,sso SPXS.......
Bought some SPY related today; not because SPXS is down this morning[its down];
SPY + deriVatives are up/ MAR 19,2021/MARCH 19, 2022 close.
Considered buying TQQQ but to far below 200dma for me\LOL, early today anyway.:D:D
YOU May do better with a plan\/ but profits run = a good plan /LOL:D:D:D:D:D:D,:caution::caution:
 
KGTrader4 said:
Think market has had its run.
I had bought 2 tranches of SPY, total 122 shares, at 426 average, didnt mean it to be a trade, meant it to be the begining of getting back to invested VERY SLOWLY in my long term portfolio, which is now only 35% equity.

But seems to me market is toppy in the context of whats going on.

Sold the 122 shares at 443 this morning

I know. I'm trading without a plan, without discipline. This shit is hard.

Started trading paper money on ThinkorSwim, separate from my real accounts. Just buying breakouts,

Bought PXD @ @244,put in a stop at 224 and EQT at 28.04.put in a stop at 24. limiting risk to 2% of (simulated) capital.
More...
I don't know how you index and equity traders do it .. I make my money on VIX options
 
KGTrader4 said:
Think market has had its run.
I had bought 2 tranches of SPY, total 122 shares, at 426 average, didnt mean it to be a trade, meant it to be the begining of getting back to invested VERY SLOWLY in my long term portfolio, which is now only 35% equity.

But seems to me market is toppy in the context of whats going on.

Sold the 122 shares at 443 this morning

I know. I'm trading without a plan, without discipline. This shit is hard.

Started trading paper money on ThinkorSwim, separate from my real accounts. Just buying breakouts,

Bought PXD @ @244,put in a stop at 224 and EQT at 28.04.put in a stop at 24. limiting risk to 2% of (simulated) capital.
More...


Buy the strongest sector which is Energy now. Look at higher oil and commodity prices. It does not have to be complicated to make monies. Saudi Arabia has refused to increase output which is understandable. Why would any OPEC member want lower oil prices? Even Venezuela and Iran would want higher oil prices. Commodity prices are affected by this Ukraine war as Ukraine and Russia produce most of the commodities the world needs. Any disruption or reduced supplies due to the war will spike commodities prices higher. You want stocks or ETFs from the Energy sector trending higher. CVX is just one of them. Warren Buffet bought a stake in OXY. Personally, I do not own either one. I have DBO, DBC, GOLD and SLV as my holdings with calls and shares.
 
smallfil said:
Buy the strongest sector which is Energy now. Look at higher oil and commodity prices. It does not have to be complicated to make monies. Saudi Arabia has refused to increase output which is understandable. Why would any OPEC member want lower oil prices? Even Venezuela and Iran would want higher oil prices. Commodity prices are affected by this Ukraine war as Ukraine and Russia produce most of the commodities the world needs. Any disruption or reduced supplies due to the war will spike commodities prices higher. You want stocks or ETFs from the Energy sector trending higher. CVX is just one of them. Warren Buffet bought a stake in OXY. Personally, I do not own either one. I have DBO, DBC, GOLD and SLV as my holdings with calls and shares.
More...

I bought PXD and EQT, both in my paper trading account, and 2 weeks ago in my regular account, which is not really process trading yet
 
KGTrader4 said:
Think market has had its run.
I had bought 2 tranches of SPY, total 122 shares, at 426 average, didnt mean it to be a trade, meant it to be the begining of getting back to invested VERY SLOWLY in my long term portfolio, which is now only 35% equity.

But seems to me market is toppy in the context of whats going on.

Sold the 122 shares at 443 this morning

I know. I'm trading without a plan, without discipline. This shit is hard.

Started trading paper money on ThinkorSwim, separate from my real accounts. Just buying breakouts,

Bought PXD @ @244,put in a stop at 224 and EQT at 28.04.put in a stop at 24. limiting risk to 2% of (simulated) capital.
More...

Don't beat yourself up. Experimenting with a new strategy is how you develop a plan.
 
jnbadger said:
Don't beat yourself up. Experimenting with a new strategy is how you develop a plan.
More...

TY

I never ever beat myself up for taking a profit. :-}.
As my thoughts evolve, i am starting to think that while its very important to go into a trade knowing your risk as well as your risk/reward ratio, its also equally important to maintain flexibility when its called for
 
KGTrader4 said:
TY

I never ever beat myself up for taking a profit. :-}.
As my thoughts evolve, i am starting to think that while its very important to go into a trade knowing your risk as well as your risk/reward ratio, its also equally important to maintain flexibility when its called for
More...
%%
EVEN though i plan 80%-97%of my work +/; i pattern people also.
Or pattern reliable data .
SOME people like to set records; it took Ed McGivern 30,000 rounds to hit a tin can 6 times in the air, before it hit the ground. Some told him'' he could not do that. '' LOL He set ALL kinds of record + caused speed recorders to malfunction he was so fast with a [six shooter] revolver[Source NRAfamily.org + others]
So while i almost always have a written plan; i dont have any proof Ed McGivern had a written plan; 30,000 plus rounds worked + more trumped most all.
But since that's not my goal more power to him + the other names in my post]:caution::caution::caution::caution::caution::caution:,:D:D:D
 
A momentum swing trader and portfolio investor? Usually that is a solid money machine, but in the current state of economies.. start practicing trading if you want the big gains. Good job so far. Don't mean to be rude.
 
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