Spy is going down ...
Updated
and so are most of your accounts. I have to laugh at these posts... and the guy that can't spell. Have your eyes on 400, it's on it's way.
With that said, I did add in a pretty massive amount in short positions last week (shares) and am sleeping very well at night. My only questionable re-entry since I posted last is BOOT. That thing has a ways to fall. Other than that, everything is pretty clear. Just be patient, the market has a long, long fall to take.
With that said and to those wondering why my last post disappeared. A certain mod, Nico and I decided I should not post here any longer. I fully agree with that. Just do yourself a favor, stay focused on your careers, if you dont have one, get one. The market is not a career. It's something to do with money you make from your career if you choose to take that money laying around and understand the market. And do not, do not, listen to the people on here. That is a sure way to lose your money.
Good luck guys! It's been fun and comical to say the least.
With that said, I did add in a pretty massive amount in short positions last week (shares) and am sleeping very well at night. My only questionable re-entry since I posted last is BOOT. That thing has a ways to fall. Other than that, everything is pretty clear. Just be patient, the market has a long, long fall to take.
With that said and to those wondering why my last post disappeared. A certain mod, Nico and I decided I should not post here any longer. I fully agree with that. Just do yourself a favor, stay focused on your careers, if you dont have one, get one. The market is not a career. It's something to do with money you make from your career if you choose to take that money laying around and understand the market. And do not, do not, listen to the people on here. That is a sure way to lose your money.
Good luck guys! It's been fun and comical to say the least.
Note
Gap up tomorrow? Ill say this if QQQ hits the 16 mark, I am just going hardcore short. Great spot to add on.Note
and thanks guys. If a mod trolls you and has a problem with the slightest thing you say, it's time to say thanks but no thanks. Plus I really am not into the short term trades in the market anyway. Life is short, far more lucrative things to do and fun things to do. If I wanted to be someone's bitch (the markets, chasing it that is) I would just go back to being an employee somewhere. Using your brain, education and skills is far more rewarding and fun.Note
Never max out an account on anything unless you dont mind tossing that money away! Sorry, but just don't do that. Even when the setup is crystal clear and there are times when its like I know this is the play to take right now, like 2 weeks ago when I was shorting the F out of the market and the next morning it gapped down and just fell for days. I threw like 10 percent, not even into it. Sure, thats a significant amount of money but just go for the few grand here, few grand there. It all adds up at the end of the month. Maxing an account is silly unless you are investing for the long haul and at this point, we arent even close to investment prices. Play it smart guys. The market can humble you very quickly. I know I lost many many many tens of thousands of dollars on a trade when I started years ago, it was an earnings I held through and that stock dropped nearly 50% on earnings. The market will humble you when it comes to trades. Maxing an account on trading is silly. Never risk more then you are ok with losing, especially in options where you have the clock ticking against you.Note
And just to make clear.. SPY 420, QQQ 316 is where I would go short if that were to show up tomorrow. Add ons. Enters. However you are playing things. I am leaving SPY alone personally although I might take that. QQQ is where I am more focused along with some stocks. 316 alert goes off tomorrow, you betcha I am adding a bunch of short on.Note
Thanks guys! You are some of the best on here... I have been lucky to meet some of you.
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