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Post by walnut on Jan 5, 2017 14:30:23 GMT -5
I'm here, waiting for things to look good
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Post by theMist on Jan 5, 2017 14:37:01 GMT -5
Sounds good walnut. I'm now holding onto a very small UVXY SHORT position but will dump it in a little bit.
Did you recoup some losses?
LESSON FOR TODAY: Don't take pee during trading hours. lol
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Post by walnut on Jan 5, 2017 14:41:32 GMT -5
I'm only down 455. I'm still waiting on another scalp before close
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Post by theMist on Jan 5, 2017 14:44:05 GMT -5
Looking like a little double bottom now in VXX. Smart move is to wait until upside gap gets filled.
Out of UVXY short. Too dangerous now to be short SCAMs because of yesterday's GAP
VXX Hourly looks like it wants to curl UP.
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Post by walnut on Jan 5, 2017 14:44:47 GMT -5
I know that's the same conclusion I've come to
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Post by theMist on Jan 5, 2017 14:53:53 GMT -5
The GUARANTEED MOVE now is VXX 23.62. If I see a clear run for the BREAKAWAY GAP, I'm going to take a LONG UVXY position. For now all cash, saw my account swing from $7-$8k down to $2-$3k profit. lol Was thankful to leave gun powder to average up my short UVXY position. As for the BREAKAWAY GAP, makes sense, if you remember last time SCAMs went to take out the BREAKAWAY GAP, the first move was a head fake and fell back down to new lows. The second time it put in the red hollow bottoming candle and skyrocketed back up and took out the GAP. Have to see how it plays out this time. Today wore me out, even got into a small argument with loser stepson who is 30 years old, still lives at home and has $5 in his pocket. lol I'll talk to you guys later
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Post by walnut on Jan 5, 2017 14:59:26 GMT -5
fantastic trading Mist
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Post by walnut on Jan 5, 2017 15:16:39 GMT -5
Yeah, it is much further on to to the 25.40 gap... The GUARANTEED MOVE now is VXX 23.62. If I see a clear run for the BREAKAWAY GAP, I'm going to take a LONG UVXY position. For now all cash, saw my account swing from $7-$8k down to $2-$3k profit. lol Was thankful to leave gun powder to average up my short UVXY position. As for the BREAKAWAY GAP, makes sense, if you remember last time SCAMs went to take out the BREAKAWAY GAP, the first move was a head fake and fell back down to new lows. The second time it put in the red hollow bottoming candle and skyrocketed back up and took out the GAP. Have to see how it plays out this time. Today wore me out, even got into a small argument with loser stepson who is 30 years old, still lives at home and has $5 in his pocket. lol I'll talk to you guys later
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Post by huh on Jan 5, 2017 15:27:13 GMT -5
I'm here too, Mist, popping in and out, mostly listening. Still busy helping a friend with his biz, but should be back regularly soon.
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Post by theMist on Jan 5, 2017 16:10:30 GMT -5
VXX - 2nd CLOSE outside of its lower BBs. Its' coiling for a move back up. IF (BIG IF) we get a few more closes outside its lower BBs then the spike back up will be violent. Would say VXX $25 to as high as $27 to retest UPPER BB. Too early to call that target just yet. Also, too dangerous right now to hold a short position because of BREAKAWAY GAP made yesterday even though VXX can see a little more downside. VXX Daily Chart
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Post by novie08 on Jan 5, 2017 16:16:28 GMT -5
Amen...really admire all of you guys' gutsy trades. Out today waiting to either go long to fill the gap or short afterwards. Y'all have a great evening, you deserve it! It is much fun just watching this...although I'm light years behind you, you have taught me so much! Grateful!
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Post by novie08 on Jan 5, 2017 16:18:42 GMT -5
VXX - 2nd CLOSE outside of its lower BBs. Its' coiling for a move back up. IF (BIG IF) we get a few more closes outside its lower BBs then the spike back up will be violent. Would say VXX $25 to as high as $27 to retest UPPER BB. Too early to call that target just yet. Also, too dangerous right now to hold a short position because of BREAKAWAY GAP made yesterday even though VXX can see a little more downside. VXX Daily Chart Just on a fundamental basis (not that it matters), think they would take the scams up so they are worth as much as possible for the reverse splits.
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Post by novie08 on Jan 5, 2017 16:25:08 GMT -5
Was at the grocery store which took almost 2 hrs. as we are expecting 4-6 inches of snow with 7-15 degree lows for several days. Probably can't get out, will have plenty of time on Monday, hoping for some opps then.
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Post by theMist on Jan 5, 2017 16:33:13 GMT -5
After VXX makes a BREAKAWAY GAP, it gets very difficult to trade it. It's torn between continuing on its massive contango death spiral (lol) and reaching back up and filling the BREAKAWAY GAP.
That's why I was hoping yesterday when it gapped down, it would have filled the gap and continued on its journey downward. Could have left a VXX short position on all the time and not have to really worry about it.
But since it made the BREAKAWAY GAP, you know that within the next few trading days (up to 2 weeks) it will reach back up to $23.62 minimum target (GUARANTEED).
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Post by theMist on Jan 5, 2017 19:34:56 GMT -5
Chris,
I know your up big from shorting VXX from Tuesday into yesterday and you gave back a little bit today.
What is your gain so far for this week?
Rob-
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Post by walnut on Jan 5, 2017 19:37:48 GMT -5
Nothing like yours Rob, I netted about $6500. I was not nearly as aggressive yesterday as I could have been.
I have a plan though for next week.
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Post by theMist on Jan 5, 2017 19:41:34 GMT -5
Ok. I feel better. Last thing I want is anyone losing money because of me. I'm actually more concerned about YOU GUYs losing money then me. Like I said earlier, I don't get EVERY call right. I think my future stockbroker son-in-law pegged my calls at 9 out of 10. But I would humbly lower that to 8 out of 10. Anyway, going forward, ALWAYS leave some gun powder. Obviously, you saw how I played today by averaging in more and more as it went against me. And I allocate up to 30K shares MAX (long or short) BUT still have some gun powder after that BUT I honestly don't feel comfortable going more than that. Even at 30K shares MAX, that's a lot when it comes to the SCAMs, especially with the way they move.
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Post by walnut on Jan 5, 2017 19:49:57 GMT -5
I was lucky to get a pretty good read on today when that first leg down failed, I got out and only lost a few cents. The choice was to sell more on the way up like you did but I was not feeling strong enough about it this morning.
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Post by theMist on Jan 5, 2017 19:53:54 GMT -5
Glad to hear
I didn't think you were going to stick with me averaging in on the way up. I'm glad it worked out and you made a killing so far this week. AWESOME job my friend!
And we're going to make a killing going forward as well.
ttyl signing out for now
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Post by walnut on Jan 5, 2017 20:06:59 GMT -5
Yep we will do well TTYL
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