I know right?! Like who does this guy think he is?Now your just being a question hog
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You will find that the surfers making sarcastic remarks are the rule in ET (unfortunately) as it definitely ruins the value of intelligently presented threads, which I believe is your intent. Thanks Krugman25, you are what ET needs and hope your don't bail out of frustration with the "Sarcastic Surfers".
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krugman25
I know he isn't a doofus. That was my attempt at humor. I actually just had to wrap up with chatting here and move onto other obligations.
This does bring up a good point though. Which is that I will often not be able to respond to comments and questions here very timely. Last week was a unique situation because I was just wrapping up 2 weeks of PTO and had a lot of extra time. I will normally not have much time to chat or respond. Between work obligations, family obligations, trading, journaling, etc. it doesn't leave a lot of time for other things. So I want everyone to understand that it doesn't mean I am ignoring, just busy.
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krugman25
It is unfortunate. As I mentioned in my intro video I have started a number of large threads, the largest being a 3,700 post, 700,000 view thread on price action back in 2013. That thread had a lot of gems and great discussion, but also a tremendous amount of trolling and wasteful discussion. Time is too precious and I am too busy to waste time on it. Plus I don't start threads so they can become toilet paper for trolls and keyboard warriors to wipe their butts on. If that's what it becomes then I am just wasting my time.
So I am a little more diligent now days to keep it from happening and just don't engage it nearly as much as I used to. I hope the mods are active here because sometimes that's the only way to keep these threads on track.
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krugman25
Thoughts to start the day:
I just made a cup of coffee and it tastes terrible. I wonder what this portends for the rest of the day. Oooh, spooky.
I also have an unintended pairs trade, short NASDAQ and long my buy-and-holds. I will be curious to see how that plays out.
I just made a cup of coffee and it tastes terrible. I wonder what this portends for the rest of the day. Oooh, spooky.
I also have an unintended pairs trade, short NASDAQ and long my buy-and-holds. I will be curious to see how that plays out.
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krugman25
Back into the Fray
After enjoying a nice 16 day break from work I am officially back into the fray. I was greeted with a request to get ready for a business trip in 2 days. That is not exactly what I had planned for my week, but when duty calls you do what you gotta do. I did have to complain to my wife about it, but after a little bit she told me to quit complaining and book my flights. She seemed a little too eager to get me outa here
Needless to say I am booked and ready to go.
On the market front, things were mostly green today. My short premium QQQ's position was in the red due to another decent sized rally today and volatility honestly didn't contract too much. XLE was near flat on the day and my buy-and-holds rallied good. I am now green for the year (by a small %) and only down 0.3% since the carnage in December, so almost fully recovered that 10% draw down! I am sitting very neutral with my portfolio at exactly 0 delta's.
Most green today and delta neutral
Looking at the futures after close today and there seems to be a rising wedge on a number of charts. Only time will tell what becomes of it but it does have some bearish connotations in my opinion. Price in the QQQ's is near pennant resistance and overhead horizontal resistance, although I could still see price rallying as high as 160-161 before bumping into more serious resistance.
Rising wedge in QQQ
After enjoying a nice 16 day break from work I am officially back into the fray. I was greeted with a request to get ready for a business trip in 2 days. That is not exactly what I had planned for my week, but when duty calls you do what you gotta do. I did have to complain to my wife about it, but after a little bit she told me to quit complaining and book my flights. She seemed a little too eager to get me outa here
Needless to say I am booked and ready to go.
On the market front, things were mostly green today. My short premium QQQ's position was in the red due to another decent sized rally today and volatility honestly didn't contract too much. XLE was near flat on the day and my buy-and-holds rallied good. I am now green for the year (by a small %) and only down 0.3% since the carnage in December, so almost fully recovered that 10% draw down! I am sitting very neutral with my portfolio at exactly 0 delta's.
Most green today and delta neutral
Looking at the futures after close today and there seems to be a rising wedge on a number of charts. Only time will tell what becomes of it but it does have some bearish connotations in my opinion. Price in the QQQ's is near pennant resistance and overhead horizontal resistance, although I could still see price rallying as high as 160-161 before bumping into more serious resistance.
Rising wedge in QQQ
It put's 4 digit's regardless of the net liq. Part of the "security" bro
That was my joke. I don’t want to crap on your Journal so I deleted my last.
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krugman25
I appreciate it. I deleted mine as well.
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krugman25
Just in case anyone is wondering, my account is $20,000 right now. Not that I owe anyone that information but it could be deduced based on information in my posts anyways.
This is not my only account. I have a $60,000 account but it's an all buy-and-hold portfolio. It's not too exciting to journal about. It turn's out that account is beating this one by a small margin which is not surprising given the recent rallying.
This is not my only account. I have a $60,000 account but it's an all buy-and-hold portfolio. It's not too exciting to journal about. It turn's out that account is beating this one by a small margin which is not surprising given the recent rallying.
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