You don't make money buying things (SPX Edition)
When this story left off (1) we were pegged squarely in the profit-zone. Many strategies came out, buying at the bottom selling at the top (2) . Selling the top, buying the bottom (3). IC's. Butterflies. But finally we hit decision time (4) and market wanted more up. As you can see from our previous estimate, we are pegged squarely inside this channel (5)
We have more up to come, but not without some gnashing of teeth and sideways inaction. In these cases I recommend selling calls and puts. The market isn't going to go up, so sell to people who think it will. We won't tank (yet) so sell some puts to people looking to hedge. What I'm saying is, pay attention to channels and don't always give away your money. Of course, set your stop losses, protect your position, and manage your risk appropriately. Trade smart, gain smart.
We have more up to come, but not without some gnashing of teeth and sideways inaction. In these cases I recommend selling calls and puts. The market isn't going to go up, so sell to people who think it will. We won't tank (yet) so sell some puts to people looking to hedge. What I'm saying is, pay attention to channels and don't always give away your money. Of course, set your stop losses, protect your position, and manage your risk appropriately. Trade smart, gain smart.
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