This goddam eternal bull market...

I sense a gathering storm.
Volume took 9:30 rush and spread it for an hour.
Volatility is up by points; market is "mixed".

It's like the hands, on the arm of the vice, holding my nuts, have relaxed, and taken a big inhale, primed for that last big s-queeeeeeeeeeze.

(I had a surplus, of commas, today.)
 
Handle123 said:
Most new highs I continue to sell/hedged Indexes since April last year, staying long stocks. It sometimes rewards me with first target but often have to buy options to make anything for my risk & Starbucks. You have to have patience and be consistent.
More...

I am consistent, do the same crap everyday, it is a job now, being on right side of risk, being prepared whether markets goes up or down, being prepared and all automated. Am still long stocks as they paying dividends, am short big S&P futures/hedged and ES/hedged to hedge long stocks and for long term commodity system in case this is the top, am hedged on ES as well. Cost a ton to hedge, but as you get older, you understand more of preservation of capital is all that counts and drawdowns.
 
It's a shallow pool to fish right now, but there's still a little cheap volatility out there. A JPM straddle for January is running about 4.25 right now (hint: I'm long this). It's relatively high price, but not that high in consideration of the all the potential fuck ups the government has on it's horizon.
 
You must log in or register to reply here.
Back
Top