Out 175.48 +5.65
The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
Probably near the high of the day, oh well
not a bad trade in hindsight, was a bit wary for a ramp up before the close, so I put in a stop. Expected it to sell more during the day, and when that didn't happen, that was a sign. + some bullish analyst saying: buy NFLX, because the money they save on buying DIS content, they will spend on original content, some spin story that has nothing to do with the overvaluation of the stock IMHO.
I originally was stalking GOOG for a short on Tuesday, but when I saw the weakness in NFLX i decided to pounce (It was real selling)
The NFLX seller wasn't active yesterday, so that was a tell as well.
I originally was stalking GOOG for a short on Tuesday, but when I saw the weakness in NFLX i decided to pounce (It was real selling)
The NFLX seller wasn't active yesterday, so that was a tell as well.
Frustrating day/week after monday ended up having some personal shit i had to deal with next couple days, then today i was ready to go again, and IB flaked out, i dont know what the hell just happened, but it seems like IB just changed the rules so you can only have shit on 2 different screens. Everything that was on my third and fourth screen was frozen, and that was where the main window was so i couldnt do anything, now any time i move a window into my third and fourth screen i cant click on it, spent 2 and a half hours on the phone with tech support, after trying to fix it myself for an hour and a half missed all of the action really really annoying.
Well i missed all the morning action, blew my first trade on the ES and then i finally wailed on it, unfortunately only took 4 contract the second time and got rid of 1 almost instantly but took the other 3 for 7 points.
Finished the day +1200.
My thoughts on the ES were that "other than the stop out move through 2450, 2450 had held the whole day", so once it started getting back below that i thought we would see late day selling, it looks like the ES is going to take out 2440 now, but after letting my first winner turn into a scratch, i wasnt going to let it happen again.
Id be careful getting long into this out there, this has all the hallmarks of something that could spiral out of control tomorrow, all the monkey buying into this praying for the close hoping that we will gap up tomorrow, if we happen to gap down twenty points it is going to be a bloodbath tomorrow, thisis exactly like that 100 point gap down in the ES in august 2015.
Finished the day +1200.
My thoughts on the ES were that "other than the stop out move through 2450, 2450 had held the whole day", so once it started getting back below that i thought we would see late day selling, it looks like the ES is going to take out 2440 now, but after letting my first winner turn into a scratch, i wasnt going to let it happen again.
Id be careful getting long into this out there, this has all the hallmarks of something that could spiral out of control tomorrow, all the monkey buying into this praying for the close hoping that we will gap up tomorrow, if we happen to gap down twenty points it is going to be a bloodbath tomorrow, thisis exactly like that 100 point gap down in the ES in august 2015.
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ES is currently locked in a range between 2431 and 2438 (roughly) Im pulling an all nighter here going to be watching this like a hawk. Any move down through 2431 and this market gets ko'd tomorrow.
It looks like its starting to establish a base, but all the "Buy the fucking dip" guys, who thought that the market only ever gaps up, are currently up to their ass long, if we get some momentum through 2430 this thing will tumble pretty quickly, think margin calls. This has all the hall marks of the August 2015 100 point gap down.
People get complacent banking on the gap up that always comes, then when they just absorbed the move down long, all day if it gaps down 10 points tomorrow there is going to be margin calls. Its just food for thought, but watch it closely. Right now it looks like its starting to establish a base, but 2400 tomorrow is easily doable if we get momentum through 2431.
Wish i didnt buy out the last 3 of my contracts at 2342.
It looks like its starting to establish a base, but all the "Buy the fucking dip" guys, who thought that the market only ever gaps up, are currently up to their ass long, if we get some momentum through 2430 this thing will tumble pretty quickly, think margin calls. This has all the hall marks of the August 2015 100 point gap down.
People get complacent banking on the gap up that always comes, then when they just absorbed the move down long, all day if it gaps down 10 points tomorrow there is going to be margin calls. Its just food for thought, but watch it closely. Right now it looks like its starting to establish a base, but 2400 tomorrow is easily doable if we get momentum through 2431.
Wish i didnt buy out the last 3 of my contracts at 2342.
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