The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
Wait till the open IMHO
/S TSLA 333.5 stop 346
As promised, back into SQ above 26.10.
Didn't get the order in time, so 26.19 was the fill.
Didn't get the order in time, so 26.19 was the fill.
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Give it time. Give it time. Remember, the low VIX record broken Wednesday dates to 1993. History is littered with the corpses of ideas about the end of history...Admittedly when i look at most futures, im lost, when i look at most options im lost, so im not even going to say i under stand what these guys are doing on VIX calls, but if the VIX trades anything like UVXY, or TVIX, or VXX i will always believe the hard money is on the long side.
This is my opinion and it may be naeive but i honestly think we are witnessing the complete death of volatility. We are close to the end of an 8 year bull market so it might just be me getting pissed, but i honestly think that stocks and algos are so much better at catching up to market equilibrium now, that we wont ever see shit like the flash crash, or the 10% down/up days in the sandp during the housing bubble burst. Im honestly starting to sell myself on the idea that their is simply too much access to information now, and the market is almost always balanced, for anything crazy to happen again. Other than premarket, you hit these tiny pockets every now and then when the deck is stacked on high volume instruments, and it hits its level bounces then catches the top then fizzles, even look at facebook before the puke, 8 dollar range premarket turns into 3 once it opens, then the volume gets out of whack then it pukes and goes right back up
This could be insanely naieve on my part to say that, and it may just be the market has bored me to death but i see the ways algos catch all instruments now, and basically unless you are in premarket or the first hour of the day, or you are watching an instrument with an idea going in, it is almost impossible to make money mid day anymore the way you used to be able too.
Thats why i say VXX is going to zero.
For my part, I agree with the basis of your statement, but not the conclusion. The banks are picking up ever smaller gains to get in front of another bank. This chicken will come home you roost. I think the next downturn will make the others look small, but we have a raging bull to charge before we get there.
I'll expand on this some when I have a keyboard.
Ugh...missed that obvious peak. I'll hold this with a stop at 25.94
I feel like i have to post the pain with the good stuff, i was very confident ES was going down today i hit it good the first time but only small size then i got chopped up then i shorted the shit out of it, went from up a thousand to about breakeven.
Really hard to tell if i know where the ES is going or im just being a stubborn idiot, id tend to lean towards the latter.
Really hard to tell if i know where the ES is going or im just being a stubborn idiot, id tend to lean towards the latter.