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Post by walnut on Apr 5, 2017 16:33:43 GMT -5
December 2015 was a nasty surprise for sure.
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Post by walnut on Apr 5, 2017 16:34:43 GMT -5
Stop loss orders. Pre-defined losses. But fairly liberal, I don't like to get stopped out on bullshit.
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Post by lasvegas77 on Apr 5, 2017 16:35:10 GMT -5
and everyone was saying the market priced in the rate hike. NO IT DID NOT! haha.
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Post by lasvegas77 on Apr 5, 2017 16:40:01 GMT -5
I'm seeing -.29% on the front month now
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Post by walnut on Apr 5, 2017 16:40:48 GMT -5
My VXX selling strategy does not really require me to be correct in seeing the future, just take what it gives
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Post by lasvegas77 on Apr 5, 2017 16:42:14 GMT -5
The SNp is now sitting just above the 2344 50 day line. It already bounced a couple of times off that in the past so unless it bounces on that strongly, it's going to have a lot more pressure this time underneath.
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Post by walnut on Apr 5, 2017 16:44:28 GMT -5
We can all make money selling the scams. Just be out in the major corrections and resell as it passes back through. You need to keep your nerve and stick with it.
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Post by lasvegas77 on Apr 5, 2017 16:45:43 GMT -5
That's the secret walnut. You short the hell out of this during the good times. But you have to stay out when it goes up because it ruins your performance very quickly. But I think you and I diverge in what we consider proper times to hold.
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Post by walnut on Apr 5, 2017 16:49:34 GMT -5
Maybe, don't judge just because I am in what obviously appears to be a "bad time", I could show you a different way of looking at it. Believe it or not I am sleeping fine.
Your way can work while my way works. In the meantime you might change and I might change haha
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Post by walnut on Apr 5, 2017 16:50:41 GMT -5
As you know, the algos will lead you into the "good times" they want you to see. You have been good lately at avoiding their traps, Yes.
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Post by lasvegas77 on Apr 5, 2017 16:53:39 GMT -5
The algos are definitely trying to fool me. That's why sticking to rules is important. Doing so is hard sometimes especially when everyone is short making money for a while.
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Post by theMist on Apr 5, 2017 16:56:14 GMT -5
The algos are definitely trying to fool me. That's why sticking to rules is important. Doing so is hard sometimes especially when everyone is short making money for a while. and the rules are? let me guess one of them -- regarding contango?
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Post by walnut on Apr 5, 2017 16:56:54 GMT -5
The short is probably not over I'm guessing. whether you want to play with that fire is up to you
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Post by walnut on Apr 5, 2017 16:57:17 GMT -5
The algos are definitely trying to fool me. That's why sticking to rules is important. Doing so is hard sometimes especially when everyone is short making money for a while. and the rules are? He won't tell cause the algos will see them
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Post by lasvegas77 on Apr 5, 2017 17:01:29 GMT -5
He won't tell cause the algos will see them Yeah, walnut knows. I'm really worried about algos using my rules to fool me even worse. But I will admit contango is the primary trading consideration. If it shows even mild backwardization, im not interested in gambling.
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Post by theMist on Apr 5, 2017 17:03:14 GMT -5
These charts do not look like disaster yes - The move higher in S&P was rejected BUT S&P is now back to neutral and it looks like sideways action IMO worse case S&P decides to pullback now to SP2300 but I highly doubt it but a possibility yes - VXX did spike and might open higher tomorrow BUT I still see this as an awesome short opp even for a scalp VXX needs to get back down to backtest those moving averages in mid 15.60s S&P futures are now back to lower BB and those BBs on both sides have been really tough image sharing sitesimage hosting over 5mb
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Post by lasvegas77 on Apr 5, 2017 17:03:17 GMT -5
although there would be some crazy exception to that im sure.
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Post by lasvegas77 on Apr 5, 2017 17:04:05 GMT -5
These charts do not look like disaster yes - The move higher in S&P was rejected BUT S&P is now back to neutral and it looks like sideways action IMO worse case S&P decides to pullback now to SP2300 but I highly doubt it but a possibility yes - VXX did spike and might open higher tomorrow am BUT I still see this as an awesome short opp even for a scalp VXX needs to get back down to backtest those moving averages in mid 15.60s S&P futures are now back to lower BB and those BBs on both sides have been really tough does this mean you are holding overnight?
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Post by theMist on Apr 5, 2017 17:07:31 GMT -5
These charts do not look like disaster yes - The move higher in S&P was rejected BUT S&P is now back to neutral and it looks like sideways action IMO worse case S&P decides to pullback now to SP2300 but I highly doubt it but a possibility yes - VXX did spike and might open higher tomorrow am BUT I still see this as an awesome short opp even for a scalp VXX needs to get back down to backtest those moving averages in mid 15.60s S&P futures are now back to lower BB and those BBs on both sides have been really tough does this mean you are holding overnight? yes - and I added more when VXX was around 16.10 area
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Post by theMist on Apr 5, 2017 17:11:39 GMT -5
but when vix futures entered backwardation - those were the best times to short the SCAMs
assuming of course it wasn't prolonged backwardation
I honestly don't see in S&P charts real disaster yet
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