The VIX finally moving
Yesterday afternoon I was within 400$ of my yearly goal, and thought to myself "man the market is so extended. You should just sell and call it a day"SoTXAg09 said:
Don't you just hate when you take about 60% profits on your SPY put, then watch it turn into a 7x bagger?
Disconnect it and you're safe!McInnis 03 said:
Metals dropping, equities dropping, AUD-JPY still dropping........full on risk-off selloff right here. I'm going to tell myself I'm done for the day. It's up to the mouse to not let me click anything.
Ranger222 said:
Completely in cash. No open trades. Was planning to do it Friday morning anyway, but went ahead and pulled the plug on everything. Account only down -12% on the day lmao
Gonna take a break and let things reset for a bit and enjoy the weekend. There may be some short term trades with bounces, but those typically aren't my plays. A lot of the charts will need to reset for a bit before new good opportunities come.
106%khaos288 said:84%. Can I get a break now?khaos288 said:52% now. Geezus what a blood bath.khaos288 said:
yikes, 40% of my profit from the last week wiped out over night.
Ranger222 said:
Completely in cash. No open trades. Was planning to do it Friday morning anyway, but went ahead and pulled the plug on everything. Account only down -12% on the day lmao
Gonna take a break and let things reset for a bit and enjoy the weekend. There may be some short term trades with bounces, but those typically aren't my plays. A lot of the charts will need to reset for a bit before new good opportunities come.
I'm out too. Rally can commence.historyrepeats said:Ranger222 said:
Completely in cash. No open trades. Was planning to do it Friday morning anyway, but went ahead and pulled the plug on everything. Account only down -12% on the day lmao
Gonna take a break and let things reset for a bit and enjoy the weekend. There may be some short term trades with bounces, but those typically aren't my plays. A lot of the charts will need to reset for a bit before new good opportunities come.
Agreed. I just locked in alot of gains, and now heaaaaaaavy cash.
aggiedaniel06 said:Are you basing this on something specific?iluvpoker said:
And the melt up continues. Which is why I keep my puts in my back pocket. You can lose a lot of money betting against this fed market.
Last Thursday I posted here a 2-3 day, 1,000-2,000 Dow pullback beginning anywhere from 9/2 to 9/11. The action the last 4 trading sessions has me doing 2 things
1) pushing the start date back to 9/7-9/22
2) increasing the downside to 1,500-3,000
For now continue to enjoy the upside. Not buying any puts this week.
If Ranger says this I'm following his lead.Ranger222 said:
Completely in cash. No open trades. Was planning to do it Friday morning anyway, but went ahead and pulled the plug on everything. Account only down -12% on the day lmao
Gonna take a break and let things reset for a bit and enjoy the weekend. There may be some short term trades with bounces, but those typically aren't my plays. A lot of the charts will need to reset for a bit before new good opportunities come.