The Super Terrific Happy Hour

[Max E.]

Scratched my ES contract off at 2427.50 lost like 14 dollars, lol, got a little overzealous, first day back im trying to find anything, then i popped up IB on my laptop to look at charts, and the ES seemed like it was breaking, based on an old alert, so i shorted it, then i realised no volume, just a stupid trade, im a junky what can i say.

I am an idiot, i saw the pattern but i didnt let it happen because the after market was too boring, my hours are all backed up here, but i totally fucked this trade up i had 2427.25 short, and punched for a half point loser, lol, im now short 3 contracts 2425.

Market cracks tonight.

 

[Max E.]

This is one of those opportunities thats so rare, and i shouldnt even be up right now, but we wont wake up to a higher ES price than this, current price 2425, i almost guarantee we gap down big.

 

[Chuck Krug]

Like if the dollar was going up, while oil cracked, and GLD and both the indexes went down that would make more sense to me, but it seems like sector rotation right now and i cant figure out whats going to be hot next right now.

Rotation from Tech into Financials imo

 

[Max E.]

Rotation from Tech into Financials imo

Yeah i have already had buddies who made that call, but look at shit like BAC, JPM, GS, and they have already made monster moves on the ASSUMPTION that trump will repeal dodd-frank, i doubt that will ever happen.

Interest rates going up, but i dont see regs on banks going down so its almost a wash IMO.

 

[Max E.]

This is going to be the moment of truth right here, im going to hate myself if i dont do this, but im going to hate myself if i do, lol, i cant see how this market holds up now.

I want to size in short right now so bad at 2424 on the ES.

 

[Chuck Krug]

 

[Max E.]

I might end up looking like an idiot on this one but here is what i see, we just cracked 2426, there is nothing getting more positive today, 2428 is my uncle point but im hitting it short into that level.

ve

 

[Chuck Krug]

 

[Max E.]

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Mark my words, market is going down today, this is going to be a huge loss if im wrong, but i feel like its automatic now. I dont know if im getting too bearish, NQ and ES love stopping people out maybe i should reposition this, but im so sure we are going down i dont know what to do.

 

[Max E.]

if 2427.50 fails, im loading the boat.