It is ok if you know the worst case scenario. The good thing about buying options is that you can't lose more than what you put in.
You can't always close your eyes and walk straight out of a minefield. 🙂 But if you are riding in a mine resistant armoured car, your chances are better. lol
Tuesday could be another up down Jim, but the week as a whole is very bearish. I seem to buy my positions at the wrong time too, but the trend for next week is still down.
But, I can't advise you on whether you should get a short position today, or take a chance on another up day on Tuesday. It's hard to say, as some really negative news could be realized over the weekend, and trap all the bulls… which means Tuesday would fall hard, giving you no chance to get short.
Market's acting weak either making a bull flag or starting to tank, hard to tell.
I sold a little ETF equity (less than 10%) to make room for puts purchases and to preclude any possibility of a margin call if we go higher today. I hope this wasn't a mistake!
SC, if you are out there, can you tell me where the teal line resistance is now on the 60 min? I tried to figure it out yesterday but I could only chart the 100 weighted MA with 60 minutes on the 10 day chart and I'm not sure that is the right way to do it?!
I suggest putting a stop at 1089. It will be very bearish if we go below 1090 today.
It is ok if you know the worst case scenario. The good thing about buying options is that you can't lose more than what you put in.
You can't always close your eyes and walk straight out of a minefield. 🙂 But if you are riding in a mine resistant armoured car, your chances are better. lol
Carl just went Long one unit at 1096.50
Tuesday could be another up down Jim, but the week as a whole is very bearish. I seem to buy my positions at the wrong time too, but the trend for next week is still down.
But, I can't advise you on whether you should get a short position today, or take a chance on another up day on Tuesday. It's hard to say, as some really negative news could be realized over the weekend, and trap all the bulls… which means Tuesday would fall hard, giving you no chance to get short.
Market's acting weak either making a bull flag or starting to tank, hard to tell.
I sold a little ETF equity (less than 10%) to make room for puts purchases and to preclude any possibility of a margin call if we go higher today. I hope this wasn't a mistake!
Long term charts are still bearish 10 20 days below 50 and still down.
iam debating on whether to add to my short position s in this weakness??
THANK YOU!!!!!!!!!!!!!!!!!!!!!
It's at 110.2 now, Monica.
SC, if you are out there, can you tell me where the teal line resistance is now on the 60 min? I tried to figure it out yesterday but I could only chart the 100 weighted MA with 60 minutes on the 10 day chart and I'm not sure that is the right way to do it?!
Red, I wouldn't be surprised if they ramp it into the close again but I a staying put (literally). I'm not going to watch.