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Post by theMist on Jan 31, 2017 11:52:35 GMT -5
Still not liking the SPY chart or the VIX chart. I agree for mid term perspective but looks to be hitting support at these levels IMO REMEMBER -- the DOW is down 160 as I type (S&P 12) AND TVIX IS ONLY UP 16 cents or 3% which is NOTHING! A small move! I know things can change but you have to be in AWE of these SCAMs. Seriously!! lol |
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Post by theMist on Jan 31, 2017 11:53:40 GMT -5
Good to hear!!  TVIX 5.65 |
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Post by theMist on Jan 31, 2017 11:55:50 GMT -5
Quick chart. See the green hammer candle. It was followed by a doji which represents indecision. Then a red candle is forming. That's good sign for SCAMs to drop a little...and indicators still in our favor and S&P appears to be hitting some support. VXX 15 min chart  |
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Post by walnut on Jan 31, 2017 11:56:54 GMT -5
I need some more confirmation this time haha
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Post by theMist on Jan 31, 2017 12:00:00 GMT -5
I need some more confirmation this time haha I know what you mean. Its definitely a tough trading environment and the easier money is to wait for those upside SCAM gaps to fill and when S&P is finally is done selling and then get confirmation of SCAMs rolling over and then go all in. But that would require patience...lol And honestly, there is no rule to say that you have to trade everyday! lol With that in mind -- I think I'll take the next 2 weeks off. Good Luck ALL. TTYL lol wouldn't do that to you but I do have to take my wife to doctor later and leave around 2:30pm EST |
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Post by walnut on Jan 31, 2017 12:03:38 GMT -5
No the good trade is tomorrow after the 30% fomc move. Then it is usually easy money
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Post by theMist on Jan 31, 2017 12:08:21 GMT -5
No the good trade is tomorrow after the 30% fomc move. Then it is usually easy money I kind of agree but you have to be careful with that thinking. Maybe (big maybe) an awful lot is being priced in right now. But we do have a those 2 upside GAPs to fill in the SCAMs. So the move for me, would to be ALL cash until after the announcement. RISK/REWARD definitely not worth having a position on (long or short SCAMs). That was the same approach I had on election Day -- all cash. I even put my 401k into cash only to jump back in later on and took heavy short SCAM position morning after elections. It's been gravy train ever since. Thank the Lord! |
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Post by walnut on Jan 31, 2017 12:10:06 GMT -5
"Just curious my friend -- and don't mean for this to come off in wrong light and by no means am I perfect (Lord knows far from it) -- but why do you cherry pick my moves? I posted last night at around 7:30pm EST that I'm all out of TVIX short." Read more: fazination.proboards.com/thread/3584/tuesday-01-31?page=5&scrollTo=61235#ixzz4XMNigMLxI don't, I think I made a mistake not getting out, I had a pretty large profit. I don't blame you, I don't even blame myself. Can't win them all. I had 2 whiskeys at 3 pm yesterday, I blame that. I have not lost any money and the market is down, I am not too bothered. |
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Post by theMist on Jan 31, 2017 12:10:36 GMT -5
I still say SCAMs go RED at least once before EOD!!  |
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Post by theMist on Jan 31, 2017 12:11:42 GMT -5
Awesome to hear!!
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Post by walnut on Jan 31, 2017 12:12:02 GMT -5
I have had so many winners since last summer I don't complain about a missed profit. That would be amiss and god might not like it
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Post by theMist on Jan 31, 2017 12:13:37 GMT -5
I have had so may winners since last summer I don't complain about a missed profit. That would be amiss and god might not like it Awesome my friend! And I hope by me posting like a crazed lunatic every day has at least helped you. You have certainly helped me a lot and I've learned a lot from you as well. I have you to thank for my win yesterday! You kept me in the game yesterday! |
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Post by walnut on Jan 31, 2017 12:16:20 GMT -5
You have helped me a lot. You have no idea
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Post by walnut on Jan 31, 2017 12:17:36 GMT -5
My goal with keeping short VXX is to get deep into the green. yesterday that didn't play out. It did over the last 3 months.
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Post by theMist on Jan 31, 2017 12:18:41 GMT -5
You have helped me a lot. You have no idea Maybe one day ALL OF US at Fazination will get together and throw down a few beers/whiskeys. That would be awesome |
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Post by theMist on Jan 31, 2017 12:22:12 GMT -5
And look at that -- I'm up on my trade!!! My VIX SCAM Babies!! lol tvix 5.54 |
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Post by walnut on Jan 31, 2017 12:24:02 GMT -5
Let's do it sometime. Name the place
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Post by walnut on Jan 31, 2017 12:24:36 GMT -5
next up move I'm back in haha
I'm a simple person
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Post by theMist on Jan 31, 2017 12:25:07 GMT -5
My goal with keeping short VXX is to get deep into the green. yesterday that didn't play out. It did over the last 3 months. You get a nice run in the SCAMs over time and when your up by a lot -- you definitely acquire high risk tolerance and start trading with less emotion. The way I trade now definitely took a lot of time to acquire. In the past, I would have never dreamed of being short TVIX 40k shares. Seriously. And I do know that I can't get complacent and have to remain sharp and NOT take things for granted. Always need to stay focused. |
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Post by walnut on Jan 31, 2017 12:27:09 GMT -5
I sold $10,000 of building stone yesterday or I would be kinda upset
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