"The only way to trade with Fibonaccis" journal

[1a2b3cppp]

Wish I had sold those options a while back. Haha.

 

[1a2b3cppp]

Next SPY long entry point will be buy 1,400 shares at $124.10.

 

[1a2b3cppp]

A lot of this type of trading involves waiting. Yawn.

SPY: -$9,000
Hedge: $4,361

May close the hedge tomorrow.

 

[1a2b3cppp]

Wow one of the biggest up days we've had in a while. Anyone know why?

SPY: -$5,850
Hedge: $2,931

 

[1a2b3cppp]

Jun 17th was the SPY ex div date.

0.628 per share * 1,800 shares = $1,130.40 coming my way.

 

[1a2b3cppp]

6/22
SPY: -$7,254
Hedge: $3,517.50

 

[clarodina]

Quote from 1a2b3cppp:

No, as I mentioned earlier I wasn't going to sell if it went below the 0 line. You have to follow that rule more literally when you're day trading with tons of margin.

isn't your rule is to close position below 0%? what rule you talking about?

 

[1a2b3cppp]

Quote from clarodina:

isn't your rule is to close position below 0%? what rule you talking about?

That was only when I was day trading the ES. I mentioned a few pages back (depending on how many posts you have per page) that I wasn't going to close out this position even if it went below the 0 line. In fact, a few posts back, I have already stated the next entry level which is below the 0 line. It will be to buy 1,400 shares at $124.10. This will bring the total position to 3,200 shares and the average cost to around $128.94.

Sorry for any confusion.

 

[1a2b3cppp]

not much change from yesterday. Big range today, though.

 

[1a2b3cppp]

waiting for price to make up its mind and decide where to go. Yawn.

TA guys, what is this, a wedge or something?