|
Post by theMist on Jun 8, 2017 14:52:49 GMT -5
LOL. Mist you crack me up. Are you saying you upped your exposure because I was betting heavily myself too? You stomached a serious spike in the VIX SCAMs not by covering and reshorting BUT by putting more $$ on the table to meet margin call As dangerous as it was, it turned out to be a great call That was an awesome move and took serious cahunas
|
|
|
Post by lasvegas77 on Jun 8, 2017 14:56:25 GMT -5
It was a gut wrenching time. I took a lot of late night walks with my eyes glued to the futures on my phone. It was a very scary time for me. But I've lived through several of those. I must say, having some reserves has boosted my returns exponentially. In the past, I would have gotten terribly screwed not being able to handle even a moderate spike like that.
|
|
|
Post by lasvegas77 on Jun 8, 2017 15:00:14 GMT -5
Typically, I give less weight to political news if i feel that the news is the reason behind the spike. As you see, they almost always don't hold. Even when the President Kennedy incident created a 2% drop on the markets.
|
|
|
Post by ipath on Jun 8, 2017 15:00:40 GMT -5
Thank you guys for the Tesla comments, and yes adding money during that spike did take balls
|
|
|
Post by theMist on Jun 8, 2017 15:01:03 GMT -5
S&P Hourly Chart
iH&S still in play and if validates with move above neckline -- projected move should look something like this Again, to validate S&P needs to move above that neckline (tan horizonttal line) and cannot breach below the Head at SP2424ish Pattern can also be viewed as ascending triangle
|
|
|
Post by lasvegas77 on Jun 8, 2017 15:02:00 GMT -5
thanks Ipath. haha. I'm sure Fidelity was surprised that i had the cash liquid to cover that.
|
|
|
Post by theMist on Jun 8, 2017 15:08:36 GMT -5
talk to you guys later Really good day today
|
|
|
Post by lasvegas77 on Jun 8, 2017 15:11:04 GMT -5
Laterz Mist. Congrats again.
|
|
|
Post by theMist on Jun 8, 2017 16:16:53 GMT -5
just got back -- What happened in AH that VXX spiked ?
any news?
UK elections?
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:19:10 GMT -5
exit polls show hung parliament. But no official results yet.
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:22:26 GMT -5
I'm actually thinking that vxx might make a new all time low after hours despite the spike. Looks like it was based on the immediate release of the exit polls which doesn't really mean anything.
|
|
|
Post by theMist on Jun 8, 2017 16:26:00 GMT -5
I'm actually thinking that vxx might make a new all time low after hours despite the spike. Looks like it was based on the immediate release of the exit polls which doesn't really mean anything. I hope so -- I shorted some more in 13.30 range Should back test 13.28, 13.24
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:27:02 GMT -5
not a bad idea. I wish i could have done the same.
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:27:43 GMT -5
Today is one of those days where i think after hours trading will be somewhat like normal hours trading.
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:28:18 GMT -5
i mean incredibly rare days where it would be similar to regular market hours.
|
|
|
Post by theMist on Jun 8, 2017 16:39:58 GMT -5
VXX 15 min AH chart VXX tagged 200ema at 13.39 should drop back down to 13.23ish area But I'm hoping a lot lower UK election forced me to trade in AH lol
|
|
|
Post by lasvegas77 on Jun 8, 2017 16:42:09 GMT -5
The first marginal results are due right after the after hours market closes though. 8pm est.
|
|
|
Post by theMist on Jun 8, 2017 16:43:03 GMT -5
The first marginal results are due right after the after hours market closes though. 8pm est. that not good looks like market wants May What do you think LV? New VXX lows tomorrow? I hate when markets tossed around by news
|
|
|
Post by Lasvegas77 on Jun 8, 2017 16:52:32 GMT -5
Still see almost 7% contango. Not really seeing fear. I think there's a good chance we see new lows today after hours still but tomorrow i would say greater than 60% chance new lows if not today.
|
|
|
Post by theMist on Jun 8, 2017 16:56:49 GMT -5
I will be out before AH close Look at where spot vix closed and with indicators flirting with rolling bullish and now we have an AH pop Maybe will be small pop and that's it but still have to be careful I'm looking for move in VXX back under 13.20 and I will close out completely since election results won't be out until AH close maybe VXX will drift back down under 13.20 before then VXX should at least hit 13.23ish VXX 13.30 in AH
|
|