Looks like RIMM is the real short. AAPL was just a decoy. These Jan $90 puts that I have already doubled in price from this morning’s lows. Crazy. From $1.50 to $3.00. I should’ve added. Hindsight. Normally, I would sell here for a nice profit, but I’m convinced that RIMM is going to $80 in [...]
If I were short the markets here, I’d be feeling much pain now. If I had to guess, I’d say that it’s probably going to get much worse before it gets any better. With that said, I’m not taking on any YM swing short positions until I get some sort of signal. The signals don’t [...]
Shot a 103 at Westfields from the blues. Doh! For the most part, my irons were fine, but I did lose some balls with my driver. Or I hit em in the trees and I had to chip out for an extra shot. I think I lost most of my strokes on my short game [...]
Going golfing today at Westfields. I really want to get into the rest of the RIMM and AAPL short positions, but I’m gonna wait until the close today. At the very least, we should get a double top. If we go down big today, then I’ll look to go short at the close tomorrow. After [...]
I wasn’t able to get my other 5 RIMM and AAPL contracts. The spread was pretty wide near the close there, so I decided to just wait until tomorrow morning. Hopefully, I won’t regret it because I’ve been looking at these charts for weeks and weeks now waiting for this “opportunity”. I’m kinda “nervous”/uncertain about [...]
I’m not very confident with either of these trades, but I did my analysis weeks ago and the opportunity has presented itself today. I will either be a hero or a goat…hopefully, I’ll be the former… The good thing is that my stops and targets have been defined, which makes me feel more comfortable with [...]
Gonna look to get 5 more contracts here.
Alright, it doesn’t look like we’re gonna get a pullback into the close, so I’m gonna enter in my short positions within the next 30 minutes here. I wouldn’t be surprised if we gapped down 100-150 points tomorrow morning. I’m pretty sure that today’s runup is just a one day thing…to F with the bears…I’m [...]
When we gapped this morning, I kept telling myself that today would be the day that I make a trade on a strong uptrending day (one of the easiest days to make money)…I planned it all out on what I was going to do, but when it came time to pull the trigger, I froze [...]
Here’s the play that was talking about: The chart above is the 15-min TRIN chart with the 8EMA and 20SMA. A strong uptrending day is defined as a day in which the TRIN stays below 0.8 all day. I used a QT paintbar to paint the background lime green when this happens, to let me [...]
I had a feeling that the bears would get smoked this morning. I was looking at some charts last night and I kept saying to myself that we’re gap up big tomorrow, then run a few hundred points before going lower. We’re definitely gonna go lower, it’s just not going to happen for a few [...]
I was so tempted to make a zillion trades all day today, but I refrained. I don’t know whether it was a good idea or a bad idea because I probably would’ve made loot today. I was definitely ready to buy after we broke above 12900. And I was definitely ready to short when we [...]
It looked like a great exit when I sold and the YM went all the way down to 12800, but now we’re at 12922. Doh! And if I’m right, then we should go up to my original target of 13000 within the next few hours. Double doh! If we consolidate here for a little bit, [...]
Still having a problem with early exits. I see a bearish divergence on the smaller time frame. My original stop was at 12740 (after we broke 12800) and then my target was at 13000, but I was faced with a dilemma when we gapped this morning. Is it considered lacked of discipline by selling here? [...]
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