Urgent Message From Rennick

Had nice profit this morning than shorted into the rally ( Thanks to crystal ball).



end of day +1.00 after commissions.
 
Quote from jeffalvinson:

Rennick,

Are you still holding those 44 Q puts?

Most of the time charts tell a better story than balls (ggg).


Jeff
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That's a pretty chart, but what are you seeing on it? I see a short candle near a trend line. Make a forecast or the chart is meaningless. Don't be afraid get out on that limb, it's nice out here.:)
As far as the overnite puts, I dumped them when I was near break even. Sold them for 54, one of my greatest tradings rules is that if your underwater, and things don't feel right, get out, and if can get back near break even then that's as far as you should go. :cool:
 
TUES. 8/21 2 pm EST dow+4

Sorry for the late post, working on my pool.
The "Ball" is NEGATIVE calling for WEAK Market action this afternoon. I'm going to wait for any decent rallys to short. I'll post if I place a trade.

Rennick:cool:
 
Quote from William Rennick:

TUES. 8/21 2 pm EST dow+4

Sorry for the late post, working on my pool.
The "Ball" is NEGATIVE calling for WEAK Market action this afternoon. I'm going to wait for any decent rallys to short. I'll post if I place a trade.

Rennick:cool:
More...

I went short at 2:26 pm with those same qqq sept 44 puts, alot cheaper at 38 bucks /contract. A decent move to the downside would be nice. This will likely be another overnite trade. No data on Wed. except for the crude numbers.

Rennick out
 
Is it just me or is the ball getting rusty? Congrats on breaking even yesterday, though.

I ended up taking a 30% loss on my qqq puts while paper-trading it from yesterday afternoon until this afternoon.

Teach me, bill :D
 
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