On the left side section I have a link to my past performance. I have 6 winning trades and 4 losing trades. All 4 loses are less than 1%. Total profit percentage gain is around 20%.
Chad, next time if you missed the trades, there will be another time or chances that it will hit my price again or even better price. I want you to maximize the profit as much as possible.
Well, so far it looks like they want to take them higher. can we get two intraday reversals in a row? I have a small SPXU position, w/ little conviction on market direction
yes, it is nice to see GCL's opinions. He's got a special gift and mathmatical background to back it up. Nothing is 100%, but it helps to have differing opinions.
Well, as a contrarian, I'd prefer some more positive opinions on market. S. Mantra is correct when he states that there are too many underinvested and too many short. I am sitting here with a quick trigger finger if the market starts to rally...i am long gone.
I don't know if you know the credit card processing companies, V and MA, are the the first ones to broke down. It is related to consumers and retailers. Also credit card debts and high interest rates are having trouble.
It is very important for SPY to close at or below 105.27 and for QQQQ to close at 41.88 or below in order for the market to reverse back down in couple days.
Hmm? is GOOG done with its rocket shot yet. too, funny. just like old times during i-net bubble. buy'm, chase'm, raise price target, rinse, and repeat. Thanks to the FED, no one has learned their lesson. Plenty of $$ to go around
GOOG is on steriod right now. GOOG earning is next Thursday. Could it be "buy on the rumor, sell on the news" scenario? Also big names companies coming up next Thursday as well. GS, IBM, C and AMD.
Google's CEO said today that "the worst is behind us". So this is probably speculative buying for their earning report. I'm staying away from it. This market isn't trading on fundamentals at all right now.
I don't believe in fundamentals anymore. Companies can lie about their numbers on the earning report. The companies can also find some ways to make it better numbers to report. How often do you see that?
I don't believe in fundamentals anymore either. The problem is that sooner, rather then later, this market is going to completely crash and they are going to be partially to blame.
I agree, fundamentals are a joke and do not have much to do with a stocks price. Wow, this market chewed me up today. serious churn and not to fun to trade
Finally, SPY traded withing 105ish for the first time. Bears halted the bull run from yesterday. Today action had lots of sharp turns. I am expecting the SPY will trade back down tomorrow.
gcl, i agree and still expect SPY to most likely be down a bit tomorrow, but what about your SPY 105.27 closing price comments? They seem to contradict your latest statement.
Chad, you rather have the stock to open up tomorrow. It usually when it opened up, there is more of chance it will go back down. Be patience with it. I know that we are want to make money right away after we make the transactions.
Chad, I will use margin (4 to 1 sometimes) during the day and rarely hold leveraged positions over nite. I am currently day trading and closing out each day, which gives me a fresh start each day. My biggest concern is missing out on a good entry point to short if we gap down.
On the left side section I have a link to my past performance. I have 6 winning trades and 4 losing trades. All 4 loses are less than 1%. Total profit percentage gain is around 20%.
ReplyDeleteI went short the wrong time on X and CLF. I'm down about 2%
ReplyDeleteChad, at what price did you short at for X and CLF?
ReplyDeleteOuy of DRV at 22
ReplyDeleteX@42.54 and CLF@32.46
ReplyDeleteclosed out my overnight spxu at $45.71 on spy dip to 105.09. tried to get it premarket, but i don't think i can sell from my phone premarket.
ReplyDeleteNow the SPY is spending some time in the 105ish. That is a good sign. Next it will be 104ish.
ReplyDeletegcl, thanks for thoughts. I am looking for gap to fill at SPY 104, but then??
ReplyDeleteChad, next time if you missed the trades, there will be another time or chances that it will hit my price again or even better price. I want you to maximize the profit as much as possible.
ReplyDeleteWell, so far it looks like they want to take them higher. can we get two intraday reversals in a row? I have a small SPXU position, w/ little conviction on market direction
ReplyDeleteI sold the breakout at a small position.
ReplyDeleteWas looking for spy to get closer to R1 @ 106.17 and was going to add more.
Market is weak today and this reversal was expected per MOHAN.
In SPXU @ 44.839
i just added to my SPXU position at 45.25. Oil rolling a bit.
ReplyDeleteand with GCL target of 102.60 on SPY, I feel more confident going short.
ReplyDeleteSPY 105.43 is today's pivot .. kind of stuck here at the moment. (and it is near yesterdays close)
ReplyDeleteyes, it is nice to see GCL's opinions. He's got a special gift and mathmatical background to back it up. Nothing is 100%, but it helps to have differing opinions.
ReplyDeleteespecially when the opinions all align.. feel even more confident! :)
ReplyDeleteWell, as a contrarian, I'd prefer some more positive opinions on market. S. Mantra is correct when he states that there are too many underinvested and too many short. I am sitting here with a quick trigger finger if the market starts to rally...i am long gone.
ReplyDeleteI am hoping the longs are a bit complacent here. VIX is getting down towards support and oil is still rolling over.
ReplyDeletegot out 1 second too early on that last dip of SPY. (spxu hit over 45.50)..
ReplyDeletein 44.839-> out 45.461..
anyways, another decent day. not as much as yesterday - but not expecting big drop today like yesterday.
SPY bouncing off of 4 day uptrend line.
ReplyDeleteI don't know if you know the credit card processing companies, V and MA, are the the first ones to broke down. It is related to consumers and retailers. Also credit card debts and high interest rates are having trouble.
ReplyDeleteFor the readers out there, do you want the market to have big swing day up and down a lots or no movement at all (boring day)?
ReplyDeleteV and MA have been wall street darlings in recent past. It is nice to see them finally rolling over. except today they are bouncing
ReplyDeleteCVX and XOM are hitting lows. they are both in DOW, not sure if they will bounce, but would like to see them continue down
ReplyDeletegcl, i prefer a steady move up or down. I dislike big swings and also dislike no movement (boring)
ReplyDeleteIt is very important for SPY to close at or below 105.27 and for QQQQ to close at 41.88 or below in order for the market to reverse back down in couple days.
ReplyDeleteneed volatility ..
ReplyDeleteGCL, how did you come up with 105.27 ???
ReplyDeleteOk, folks, if GOOG hit the top few minutes ago and started to fall, I am expecting the market will fall from that point.
ReplyDelete105.27 is the opening for SPY.
Ok, thanks, got it. don't know why i did not see that:)
ReplyDeleteI would add that if GS is at top as well, then we may roll over
ReplyDeleteDollar is starting to roll, hope it hangs in there a bit longer
ReplyDeleteWho has been with me since my first post back in August? I know JDT, BAS were. It seemed like I lost Bob. He was the first person to post on my blog.
ReplyDeleteMatt
ReplyDeletedollar trying to make a come back. hopefully the dip was just a lunch time shim sham. gold stocks starting to weaken
ReplyDeleteSPY is trying to break the four day uptrend line on 15 min. It broke, but will it stay below?
ReplyDeleteGOOG charging higher again 512.07
ReplyDeletespy still stuck 105.3x
Hmm? is GOOG done with its rocket shot yet. too, funny. just like old times during i-net bubble. buy'm, chase'm, raise price target, rinse, and repeat. Thanks to the FED, no one has learned their lesson. Plenty of $$ to go around
ReplyDeleteToday action is to wipeout the premium October options.
ReplyDeleteJDT, can I ask you how old are you?
41, I agree. It is Options. do you think they will run them up into OPEX?
ReplyDeleteGOOG is on steriod right now. GOOG earning is next Thursday. Could it be "buy on the rumor, sell on the news" scenario? Also big names companies coming up next Thursday as well. GS, IBM, C and AMD.
ReplyDeleteShorting SPY here 105.55
ReplyDeleteGoogle's CEO said today that "the worst is behind us". So this is probably speculative buying for their earning report. I'm staying away from it. This market isn't trading on fundamentals at all right now.
ReplyDeleteI don't believe in fundamentals anymore. Companies can lie about their numbers on the earning report. The companies can also find some ways to make it better numbers to report. How often do you see that?
ReplyDeleteI don't believe in fundamentals anymore either. The problem is that sooner, rather then later, this market is going to completely crash and they are going to be partially to blame.
ReplyDeleteI agree, fundamentals are a joke and do not have much to do with a stocks price. Wow, this market chewed me up today. serious churn and not to fun to trade
ReplyDeleteMarket is taking AA higher. I believe the best play would be short it after hours if it goes to 15
ReplyDeleteAt this point, I hope they blow out the numbers and we get some crazy gap up in the morning.
ReplyDeleteWell, i just a pretty big loser on a position one-fith the size as yesterday. At least I did not go in big
ReplyDeletesomething about today seems a bit speculative. i will reevaluate tomorrow and hope for a decent entry point.
ReplyDeletei wouldn't like to see a big gap up tomorrow, I'm still holding X and CLF short.
ReplyDeleteQuestion for the general group, how much of your portfolio do you normal put into one play? And how much margin do you generally play with (% wise).
Finally, SPY traded withing 105ish for the first time. Bears halted the bull run from yesterday. Today action had lots of sharp turns. I am expecting the SPY will trade back down tomorrow.
ReplyDeletegcl, i agree and still expect SPY to most likely be down a bit tomorrow, but what about your SPY 105.27 closing price comments? They seem to contradict your latest statement.
ReplyDeleteI will short SPY tomorrow and add to my position up to SnP 1070. will cover above that.
ReplyDeleteChad, you rather have the stock to open up tomorrow. It usually when it opened up, there is more of chance it will go back down. Be patience with it. I know that we are want to make money right away after we make the transactions.
ReplyDeleteChad, I will use margin (4 to 1 sometimes) during the day and rarely hold leveraged positions over nite. I am currently day trading and closing out each day, which gives me a fresh start each day. My biggest concern is missing out on a good entry point to short if we gap down.
ReplyDeleteYeah, I'm greedy. I've got a baby on the way and I want to get my track car back together before it gets here. :)
ReplyDeletechad: I never touch the margin. too scary for me.
ReplyDeletemaybe someday if i become expert and have same amount sitting in my bank account..but still far from either of these goals.
Last night YUM. Tonight AA opened high inafterhours. Now backing down from the highs.
ReplyDelete