those of you who have been around this rodeo for the 00' high, 02' low, 07' high, 09' low know how to identify the perfect storm
we're getting close to our quota of liquidated speculative capital
$SPX was rejected @ it's containment pt. this morning $VIX has not made new lows since last Friday when it hit it's terminal de-leverage pt. of 16.26
the AAPL orchard is getting ready to harvest the crops that were planted back in 1/09' as it has reached it's quota
I'll run the numbers this weekend but the continued upward trend this week is going to put the $SPX somewhere in the top 10 percentile probability for reaching it's terminal value
these 10 pt. gyrations will probably continue through tomorrow
I'm proud of you! If it doesn't turn around in the next couple of days you can get out but meanwhile, you have to give it a chance. I think it will be the best trade you ever took in the end.
Everyone thinks this will be a slight correction again with a push higher after that. That's what makes me think it will continue down. However, I am no longer stupid and will cover my positions when I get the opportunity.
Carl missed the run, and jumped back in too early when it fell. Tough market.
Carl at day’s end:
1165-1176 estimate for today (11 points)
1160.25 -1176.50 actual today (16.25 points)
Nailed the high, missed the low
Trades:
In /ES at 1167.25, out at 1164.50 (loss of 2.75 points)
Grade D (lost money)
🙂
Carl just sold one unit at 1164.50
Love you Sundancer! Thank you 🙂
the trade winds are beginning to blow harder
those of you who have been around this rodeo for the 00' high, 02' low, 07' high, 09' low know how to identify the perfect storm
we're getting close to our quota of liquidated speculative capital
$SPX was rejected @ it's containment pt. this morning
$VIX has not made new lows since last Friday when it hit it's terminal de-leverage pt. of 16.26
the AAPL orchard is getting ready to harvest the crops that were planted back in 1/09' as it has reached it's quota
I'll run the numbers this weekend but the continued upward trend this week is going to put the $SPX somewhere in the top 10 percentile probability for reaching it's terminal value
these 10 pt. gyrations will probably continue through tomorrow
Carl is now Long one unit at 1167.25
I'm proud of you! If it doesn't turn around in the next couple of days you can get out but meanwhile, you have to give it a chance. I think it will be the best trade you ever took in the end.
Everyone thinks this will be a slight correction again with a push higher after that. That's what makes me think it will continue down. However, I am no longer stupid and will cover my positions when I get the opportunity.
AAPL down on relatively big QQQQ up day. Interesting. Keeping the faith.