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Post by theMist on Feb 2, 2017 11:21:39 GMT -5
Are you still holding VXX 8k short? What is your cost avg? 19? 19, which is pretty lousy. Still short all 8000. I think that spot VIX is finally making a decent move downward, hope it continues Really not worth holding short VXX overnight. Even if they gapped down today and felt that they were going to keep running down, you can simply go ALL in heavy and make up for the small miss on overnight gap down. And you know how I feel about risk/reward. Simply not worth it at these levels. I was thinking/hoping you might have added a little more short earlier to avg up, especially this morning in premarket
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Post by walnut on Feb 2, 2017 11:24:04 GMT -5
19, which is pretty lousy. Still short all 8000. I think that spot VIX is finally making a decent move downward, hope it continues Really not worth holding short VXX overnight. Even if they gapped down today and felt that they were going to keep running down, you can simply go ALL in heavy and make up for the small miss on overnight gap down. And you know how I feel about risk/reward. Simply not worth it at these levels. I was thinking/hoping you might have added a little more short earlier to avg up I haven't really been hurt yet but my forward progress has been stalled
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Post by walnut on Feb 2, 2017 11:25:28 GMT -5
I'm planning on being out today, need a little help from VXX
Will be day trading in the future. Even I can see that things are riskier than they were in November and staying short over night is not a good idea now.
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Post by clinton on Feb 2, 2017 11:26:14 GMT -5
If CLD drops one more time I might actually buy a coal stock
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Post by walnut on Feb 2, 2017 11:27:07 GMT -5
You aren't talking about the SP500 right? That doesn't look all that bad haha
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Post by theMist on Feb 2, 2017 11:27:44 GMT -5
VXX 15 min indicators look like they want to rollover but just needs more time
SCAMs should still grind lower IMO as long as S&P stays calm like this
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Post by jacksrbtr on Feb 2, 2017 11:28:43 GMT -5
"...nothing to be nervous about" Tell that to the Leftist Fascists who tried torching Berkeley last night. lol Jack. Good to see you. Finally taking the time out to check in with us during the day and taking time off from those beer drinking you know whats?!? lmao my friend Still working on that drawing for my grandson actually... I'll post the latest figure drawing in the lounge in a minute! The background scheme is what I'm working on now which I will post when done.
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Post by theMist on Feb 2, 2017 11:28:45 GMT -5
I'm planning on being out today, need a little help from VXX Will be day trading in the future. Even I can see that things are riskier than they were in November and staying short over night is not a good idea now. Trust me -- you will be loving a selloff in the markets and SCAMs up in premarket instead of being an emotional wreck I have my best days like today
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Post by theMist on Feb 2, 2017 11:35:11 GMT -5
lol CNBC more white house BS -- House speaker Ryan. Not good! That will stop SCAMs in their path down. Seriously! BTW - regarding your GAP question from earlier. Take a look at this chart. Just look at the areas where I have gaps marked. Ignore the lines and everything else. Let me know what you think and we'll discuss when I come back. BBL - have to get something to eat. Been up since 6am EST S&P chart
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Post by Herceg on Feb 2, 2017 11:47:39 GMT -5
Way too much work today and effort for ~ $200 gain on the day..............could have done a lot of things better without the jitters.........LOL.......JMO and BOL to all.........
QRVO - 11:44:04 Bought to Cover 200s @ $64.16 - Total: $12,838.00 QRVO - 11:27:46 Bought to Cover 400s @ $64.981 - Total: $25,998.40 QRVO - 11:21:23 Sold Short 400s @ $65.555 - Total: $26,215.39 MJN - 10:31:42 Bought to Cover 50s @ $85.00 - Total: $4,256.00 QRVO - 09:51:49 Sold Short 150s @ $63.98 - Total: $9,590.79 QRVO - 09:49:29 Sold Short 50s @ $64.06 - Total: $3,196.94 MJN - 09:39:24 Sold Short 50s @ $85.65 - Total: $4,276.41
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Post by walnut on Feb 2, 2017 11:52:15 GMT -5
Trump on TV again holy crap
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Post by clinton on Feb 2, 2017 12:00:00 GMT -5
You aren't talking about the SP500 right? That doesn't look all that bad haha no, talking about my account hehe
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Post by Herceg on Feb 2, 2017 12:13:08 GMT -5
Trump on TV again holy crap I support him thus far on many things, but I am even getting tired of seeing him on T.V. constantly.............if this is what we have to look forward to over the next four years............I don't know if I could handle it..............time to move to a cave..........
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Post by walnut on Feb 2, 2017 12:19:57 GMT -5
I know what you are saying but I have been hoping that gap still has some pull. lol CNBC more white house BS -- House speaker Ryan. Not good! That will stop SCAMs in their path down. Seriously! BTW - regarding your GAP question from earlier. Take a look at this chart. Just look at the areas where I have gaps marked. Ignore the lines and everything else. Let me know what you think and we'll discuss when I come back. BBL - have to get something to eat. Been up since 6am EST S&P chart
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Post by theMist on Feb 2, 2017 12:25:25 GMT -5
When I took a step back yesterday and took a look at the bigger picture - what concerned me was how quick S&P rose up and filled that BREAKAWAY GAP and then reversed REAL Hard.
Like I've always said, BREAKAWAY GAPs absolutely have to get filled. Just a matter of time and honestly, that was a pretty fast BREAKAWAY GAP fill. As to say, let's get it out of the way real fast before we turn back down. As you know, common gaps don't necessarily have to get filled.
And Trump back on CNBC about to get on Harley Davidson. lol
Biking community definitely loves him.
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Post by theMist on Feb 2, 2017 12:34:15 GMT -5
And without further ado - like Trump on a HOG - the markets are swinging back and forth and gyrating. I expect to see this action continue a little longer (possibly few days, maybe week or two) before making a short term directional move which I believe will be down. Still a great environment for scalping shorting SCAMs. IMO Have to watch to see if that rising green support breaks.
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Post by theMist on Feb 2, 2017 12:48:41 GMT -5
VXX 15 min Chart Possible BIG Fish pattern! lol just kidding - there's no such pattern But does kind of resemble a diamond pattern. S&P also has a diamond pattern showing. Not cleanest by all means but does resemble one. Diamond patterns can be reversal or continuation patterns. When shorting SCAMs have to watch that price action doesn't breakout above green resistance line. If so, can hit that measured green target. If red support line breaks, then VXX can hit red target.
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Post by theMist on Feb 2, 2017 12:52:50 GMT -5
No other trades so far -- just that one move down in SCAMs since premarket.
Action is boring right now. Before I left to get lunch, SCAMs were at their lod, then Trump usual BS popped them.
BTW - Breaking News again! Treasury Dept alters some sanctions against Russia. Looks like easing of sanctions.
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Post by theMist on Feb 2, 2017 13:07:31 GMT -5
Hopefully VXX makes a run at that lower green support line and will mean new lod for today VXX 15 min chart
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Post by walnut on Feb 2, 2017 13:29:50 GMT -5
TRUMP BACK ON TV
VIX climbing .02 per minute literally
Todays speaking schedule:
Trump Ryan Tillerson Trump Trump Mcain Trump
That concludes todays broadcast
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