The S&P 500 has topped at 2430 on 6/1/17

[Pekelo]

Let's close this thread with the OP's words from 11 years ago, from a similar top calling thread:

How fitting my last post comes on a T day,

"And my heart is sinking like the setting sun
Setting on the things I wish I'd done
It's time to say good bye to yesterday
This is where the cowboy rides away"

https://www.elitetrader.com/et/threads/s-p-has-topped-or-volente_00-will-leave-et.78096/page-8

 

[HolyMoly]

STAIR STEPS!
I thought the idea was to make money!?!?
Do you think a high above 2452 is workable, short term?
Put differently, given that we're at 2450, which do you think is more likely for Friday --
2460 or 2430?
10pts up, or 20pts down.

I'd be snugging that top-side exit up pretty hard, and exiting happily.
(I am at 2475 for Jun30; looking to write further out now, at 2480/above.)
(I also sold TSLA at $205 [current price $375] for a 10% gain, and sold STRP at $35 [current price $175??], for a 20% gain, and did *not* buy AAPL at $93, even though I thought it should be >$150 right then, fercrisake. [AAPL down $5 at $145 today] Jeeez-oh-pete.)

I sold AMZN at 80 and never got back in. I sold TSLA at $64 and never got back in. I sold aapl at 119.70 and never got back in. All for over 30% profit, but sickening to look at now. I normally never look back at trades if I was satisfied with the original profit, but sometimes you just want to puke.

 

[theapprentice]

Long. here. Now. 2424 This is cheap as chips

Close ha;f here at 2449 for +25 handles.
Hold the rest for 2520 area

 

[JSSPMK]

Close ha;f here at 2449 for +25 handles.
Hold the rest for 2520 area

I'm holding onto Naz bet.

 

[volente_00]

Shorted July spy calls at 3 strikes

245 2.05
246 1.5
247 1.05

 

[volente_00]

Close ha;f here at 2449 for +25 handles.
Hold the rest for 2520 area

Nice one

 

[volente_00]

Let's close this thread with the OP's words from 11 years ago, from a similar top calling thread:



https://www.elitetrader.com/et/threads/s-p-has-topped-or-volente_00-will-leave-et.78096/page-8

Ha ha

Old traders never die
They simply fade away

Have you seen the dead dragon who called top at 2400 ?

 

[volente_00]

Above 2452...time to adjust stops before they are hit.

Not worried about an es loss
Killed it on June short calls
Will kill it again on July short calls

 

[volente_00]

Almost 2452, but I am sure we don't want to have stops right now...have to adjust them higher...

Range expansion has pushed it outside of my June bracket. 247 spy touch pushes July to ~2473 on ES

 

[ironchef]

I sold AMZN at 80 and never got back in. I sold TSLA at $64 and never got back in. I sold aapl at 119.70 and never got back in. All for over 30% profit, but sickening to look at now. I normally never look back at trades if I was satisfied with the original profit, but sometimes you just want to puke.

Been there done that. I was stopped out of FB @ $20, never got back in. AAPL stopped out @ $500 (before split), finally got back in @ $90 after split. For me, stop losses were costly.