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Post by huh on Mar 6, 2017 8:01:03 GMT -5
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Post by huh on Mar 6, 2017 8:02:03 GMT -5
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Post by huh on Mar 6, 2017 8:02:42 GMT -5
Frontrunning: March 6 Geopolitics, Deutsche Bank drag global stocks lower (Reuters) Deutsche Bank Turnaround Plan Gets Mixed Reaction (BBG) Conservative Groups Jeopardize GOP Plan to Repeal Health Law (WSJ) Russian Hackers Seek Hush Money From Liberal U.S. Groups (BBG) Automakers Near a Victory on Rollback of Fuel Standards (NYT) Brought Down by Long Bust, Texas Oilmen Pray for Another Boom (WSJ) ... www.zerohedge.com/news/2017-03-06/frontrunning-march-6 |
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Post by walnut on Mar 6, 2017 8:16:06 GMT -5
This does not look like a great place to short the scams, but who knows. I have not done anything
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Post by theMist on Mar 6, 2017 8:17:53 GMT -5
This does not look like a great place to short the scams, but who knows. I have not done anything The time to short them was at 4am - 4:15am EST Unbelievable how it dropped into the red literally by 5am EST |
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Post by huh on Mar 6, 2017 8:22:27 GMT -5
Wish I had more to add. Charts looking mostly unclear to me.
But, I do still think VIX Futures (VX) has some more downside, down to 11.50-12.00. Upside gap fill resistance ~12.88.
Also, S&P futures were down more than $7 last night before midnight. That's normally a bullish signal for Monday.
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Post by walnut on Mar 6, 2017 8:24:37 GMT -5
S&P look a bit bearish for the next hour but pretty unclear
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Post by theMist on Mar 6, 2017 8:39:41 GMT -5
S&P futures down 7.5 and VIX SCAMs are slightly down. lol The VIX SCAMs that we know and love.
Just have to try and get the best cost avg at shorting them. I do believe they will close the morning gap down (maybe lol) but are not going to pop much based on the way they are trading now. IMO
Amazing how SCAMs reverted back to normal programming and how they for no reason will trade up with ES at times. If this had been 2 weeks ago, they would be up nicely in premarket all morning.
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Post by walnut on Mar 6, 2017 9:00:29 GMT -5
It's been tied to how crazy the S&P has been. If it trades off the charts at a 155% annualized rate, you can bet that the scams are going to be moving up in nervousness.
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Post by theMist on Mar 6, 2017 9:04:53 GMT -5
Walnut - been meaning to ask you
with Scottrade, say I have 100k in my account, I would be able to short VXX or TVIX using DTBP SO I would use maximum leverage with my trades as you know. Day trade buying power (DTBP) is 4x my money
with IB, if I have 100k in my account, its like IB only allows you to use a little margin and is quick to warn you and adjust your positions.
With Scottrade, I can let fed calls go all day and even into AH and not have to worry.
If it wasn't for Scottrade's rule of not being able to short anything under $5, I would still be with them.
Is it that IB is much more strict with margin?
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Post by theMist on Mar 6, 2017 9:09:15 GMT -5
It's been tied to how crazy the S&P has been. If it trades off the charts at a 155% annualized rate, you can bet that the scams are going to be moving up in nervousness. Obviously, I know they rose because vix futures rose BUT I guess your right. Traders were simply hedging or taking bearish bets with a screaming higher S&P. And once again, MMs are more than happy to have taken their money once again! lol |
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Post by walnut on Mar 6, 2017 9:12:54 GMT -5
Try this- set up an order ticket and put the size as big as you want to test, then right click "preview - check margin impact" and see if it allows it. Adjust the size until it allows it, then we will know.
They send two or three margin warnings over the day on the TWS and by email but if you don't do something, they will adjust it.
Just experimenting, it looks like IB allows 3.3 x my money.
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Post by walnut on Mar 6, 2017 9:13:45 GMT -5
I have had margin calls a few times but normally I am not near as aggressive as you.
No margin calls for me since 2015
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Post by theMist on Mar 6, 2017 9:18:03 GMT -5
Try this- set up an order ticket and put the size as big as you want to test, then right click "preview - check margin impact" and see if it allows it. Adjust the size until it allows it, then we will know. They send two or three margin warnings over the day on the TWS and by email but if you don't do something, they will adjust it. Just experimenting, it looks like IB allows 3.3 x my money. I'm going to try it when my wire transfer hits this morning. I'm putting more $$ into IB. I put the wire request in yesterday. |
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Post by novie08 on Mar 6, 2017 9:20:16 GMT -5
DB situation not helping the global markets. Maybe a down Mon. which is almost unheard of lately. One would think it would help gold, but not yet anyway.
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Post by theMist on Mar 6, 2017 9:20:45 GMT -5
I have had margin calls a few times but normally I am not near as aggressive as you. No margin calls for me since 2015 lol -- As you know, when I'm extremely confident of move in VIX SCAMs -- I'm ALL IN.  Also, not sure if you are aware for Tax purposes of this awesome website?! You download your activity from your broker and this website charges very little to produce your Schedule D and form 8949 www.form8949.com/ |
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Post by theMist on Mar 6, 2017 9:32:19 GMT -5
shorting little tvix -- leaving a lot of dry powder
but the way they are trading, will be lucky if they can flash green for a second. lmao
vxx 17.53, tvix 4.38
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Post by theMist on Mar 6, 2017 9:36:45 GMT -5
S&P filled the closest BREAKAWAY GAP just now with this move
SCAMs go green and I add more short
looks like VXX closed the morning gap and UVXY but not tvix
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Post by walnut on Mar 6, 2017 9:38:57 GMT -5
I'd sold a little VXX at 17.51
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Post by huh on Mar 6, 2017 9:40:11 GMT -5
...Also, S&P futures were down more than $7 last night before midnight. That's normally a bullish signal for Monday. This +7/-7 thing with futures before Sunday midnight has never yet failed, so I expect indices to be green by EOD. And VIX scams seem to sense this (being red with a red market and all) |
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