Going to short this market as a swing trade

luckystar2006

I don't think this pull-back is over yet, but anyway, I'm out of my trades with some minor losses.

luckystar2006

I made >20% with another PUT trade (for daytrading yesterday).  So, my overall P/L is still in positive this week

What I'm looking forward to see is market continuing to drop past 11am, which will present a good setup for daytrading on the upside.  As for swing/short-term, I don't think it's an ideal entry right now.

jukifox

luckystar2006 发表于 2016-3-8 10:11 AM
I made >20% with another PUT trade (for daytrading yesterday).  So, my overall P/L is still in posit ...

你认为这就是一个小的PULL-BACK，整体还会继续向上是吗？

luckystar2006

jukifox 发表于 2016-3-8 10:12 AM
你认为这就是一个小的PULL-BACK，整体还会继续向上是吗？

I don't know how small this correction is. SPY is currently trading at 198.70, which I see the next solid support is 197.40

luckystar2006

Going forward, I'll categorize my trades into this format so it will be easier to read:

Day trading (intraday): buy, sell or none
Swing trading (1-3 day): buy, sell or none
ST trading (3-10 day): buy, sell or none

luckystar2006

Day trading (intraday): buy 100 contract
Swing trading (1-3 day): none
ST trading (3-10 day): none

jukifox

luckystar2006 发表于 2016-3-8 10:50 AM
Day trading (intraday): buy 100 contract
Swing trading (1-3 day): none
ST trading (3-10 day): none ...

100 Call?

jukifox

jukifox 发表于 2016-3-8 10:12 AM
你认为这就是一个小的PULL-BACK，整体还会继续向上是吗？

THANKS

luckystar2006

My calls are up >10% and I'm still holding

superxy

luckystar2006 发表于 2016-3-8 11:06 AM
My calls are up >10% and I'm still holding

Good catch. How to judge when to jump in?

luckystar2006

Sold for >15% of gain.

luckystar2006

Day trading (intraday): buy 50 PUTs
Swing trading (1-3 day): none
ST trading (3-10 day): none

luckystar2006

Out with ~3% loss for that small trade....

jukifox

luckystar2006 发表于 2016-3-8 12:09 PM
Out with ~3% loss for that small trade....

CORRECTION 到位了吗？

TopTen

luckystar2006 发表于 2016-3-8 12:09 PM
Out with ~3% loss for that small trade....

赞身手明捷

luckystar2006

Done for today as we are going to drive our friends to Toronto (~1h & half to get there) for dinner.  Just want to say thank you for their help to keep an eye on our house while we were away to Taiwan.  In another word, it is an excuse for me to eat some king crab foods.

TopTen

luckystar2006 发表于 2016-3-8 01:35 PM
Done for today as we are going to drive our friends to Toronto (~1h & half to get there) for dinner. ...

Is it time to enter a long Swing trade?
Have a nice trip to Toronto!

ysc

luckystar2006 发表于 2016-3-8 12:35 PM
Done for today as we are going to drive our friends to Toronto (~1h & half to get there) for dinner. ...

ysc

luckystar2006 发表于 2016-3-5 11:01 AM
BTW, I should not brag about those gains with my gf because she wants to live in a mansion next ye ...

you may need the prenup.  

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