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

[volente_00]

Full swing short added back on at 2443.25

Stop is 2452

Objective 1 is 2424

Everybody get ready to take their shots when I get stopped out

 

[Buy1Sell2]

Why? He is not stopped out yet

He was stopped out on June 19

 

[volente_00]

Stopped on ES
Will be back to short the next top

Still holding half the short calls

Shorted July spy calls at 3 strikes

245 2.05
246 1.5
247 1.05

Closed 50% of all calls for 80-88% gain at


245
.39

246
.21

247
.11

 

[beerntrading]

Stopped on ES
Will be back to short the next top

Still holding half the short calls

Whew! Crisis averted. He'll be coming back for the next stair step.

 

[Buy1Sell2]

Well, this thread should have been closed long time ago. The current top calling one is yours.

Agreed. His top call lasted 18 days, not 40 like someone mentioned. Bold call though --Like seeing them.

 

[volente_00]

Shorted ES

2452.5

Stop is 2456

Object is 2447.25

Will close by eod

 

[volente_00]

Whew! Crisis averted. He'll be coming back for the next stair step.

I'm swing trading with tight stops. It's much more exciting than calling a top with a 50, 70,100 point stop to protect one's ego

 

[beerntrading]

Agreed. His top call lasted 18 days, not 40 like someone mentioned. Bold call though --Like seeing them.

Hitting a stop is not a bad thing, and the intent is to get it just outside the inflection. His call for inflection was functionally accurate, just a little tight. There's no doubt that a trader could have been solidly profitable over the last 40 days with his model.

 

[volente_00]

I guess technically not. I just don't like when we are doing range calls, specially not a 22 points wide. The top is either in or not. This top was already surpassed, so....

That's because you want a call after the fact. I am giving you my range before the fact.

 

[beerntrading]

Stop is 2456

Will close by eod

...not even eoh