The S&P has topped

[bone]

Spread trading is a fantastic way to choke off profits. It's "playing to not lose".

Spreads "generally speaking" do have a much narrower trading range than the flat price analog - absolutely true. But for intramarket spreads the bid/ask size is much greater than flat price, so you can lever them.

 

[bone]

To be honest though, this doesn't sound much like trading and more so investing. I'm not saying a trader has to put on a few positions every day, but even swing traders are probably putting on at least a few a week. With the weekly charts you mention, and the huge stops or targets you have, there really isn't much to do most weeks.

Great point and I agree. IMO the longer timeframe modeling and position holding suits the narrative of a MACRO top call more suitably - which is really the difference between our two opinions. And differences are fine and should be respected.

 

[volente_00]

Spread trading is a fantastic way to choke off profits. It's "playing to not lose".

So basically leveraging the shit out of a hedge to pocket peanuts ?

Definitely does not fit my personality and style but if it works for you I'm all for it

 

[Buy1Sell2]

So basically leveraging the shit out of a hedge to pocket peanuts ?

Definitely does not fit my personality and style but if it works for you I'm all for it

Did you read my posting?

 

[volente_00]

Did you read my posting?

Yes
How does one play not to lose ?

 

[volente_00]

Love how the board gets quiet around market open. Folks nervous that they could miss a trade.

Priorities Vato loco

 

[volente_00]

Hold of 73/74 sets up touch of 64's
Exact triangle target is 62.75
Liquidity run to trigger the stops set below 67 on the gap fill.

And surf says ta doesn't work

 

[bone]

And surf says ta doesn't work

For the record you're sporting a bigger pair than the surf. And TA does work.

 

[bone]

Lower lows and lower highs making you look good on your testicular call. Having your targets within the long term channel range very smart. Props. Even if the market reverses and you stop out it is a gutsy call and I commend you for the raft of crap you've been taking over it.

 

[W.J. Feathermaker III]

One thing that I've kept an eye on are the secondary markets. Those usually are a good "tell" in so far as what the headline indicies will do. Russell led this move higher from the election lows (like a bat out of hell in November). It's been stalled out and waiting to roll over for at least 6 weeks now. The other big issue are HYG/JNK and the fact that they are breaking hard to the downside (usually lead Russell and Mid-caps lower). It looks a bit different now than it did with the test of 2300 (and pullback to 2262), but we are in a bubble market, so it's one day at a time with this beast.