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The Short-Term Trading Thread

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Jun 6th, 2018 2:35 pm
jerryhung
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Sep 19, 2004
22529 posts
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Waterloo

Jun 6th, 2018 2:35 pm

Every tech is like 10 or 11 days GREEN in a row :P - NFLX, SHOP, AMZN, etc...

AMD weekly, holy shiit. Why did I sell :( got stopped out at $11.7 I think
$10 to $15 (+50%) in 1.5 months
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Jun 6th, 2018 3:03 pm
MrMom
Deal Addict
Aug 17, 2008
2727 posts
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Jun 6th, 2018 3:03 pm

arvind84 wrote: ↑
Jun 6th, 2018 2:22 pm
 Too much passive money imo. Many respected investors/traders feel that this will magnify volatility as the computers just chase in the direction of the trend.
But who is buying ETFs if not retail investors? I doubt institutions hold a major chunk.

Plan to add to my short position at 67-70.
Actually the latest institutional portfolio strategy is not individual stock picking but buying beta => ETF's. Can't tell you who told me naturally. You'll have to value my paraphrasing however you want.
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Jun 6th, 2018 4:55 pm
margincall [OP]
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Nov 6, 2015
1840 posts
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Oakville

Jun 6th, 2018 4:55 pm

MrMom wrote: ↑
Jun 6th, 2018 3:03 pm
 Actually the latest institutional portfolio strategy is not individual stock picking but buying beta => ETF's. Can't tell you who told me naturally. You'll have to value my paraphrasing however you want.
Fair enough. Any insights as to what % of ETFs are held by institutions vs retail?
Jun 6th, 2018 9:04 pm
MrMom
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Aug 17, 2008
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Jun 6th, 2018 9:04 pm

arvind84 wrote: ↑
Jun 6th, 2018 4:55 pm
 Fair enough. Any insights as to what % of ETFs are held by institutions vs retail?
I don't know that split offhand.
Jun 6th, 2018 9:59 pm
Frank2029
Sr. Member
Feb 17, 2012
634 posts
122 upvotes
Toronto

Jun 6th, 2018 9:59 pm

who made money off SIG? WOWZER! bought 20 $50 calls for 30c 6 weeks ago and sold for 4.50 this afternoon. Purchased some puts. lets see what happens.
Jun 7th, 2018 7:08 am
margincall [OP]
Deal Addict
Nov 6, 2015
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Oakville

Jun 7th, 2018 7:08 am

Good morning!
Futures made new highs overnight and are consolidating.
Decided against adding to my short position, momentum is too strong, will wait for a turn.
Above 2780 opens up 2803 as a target.

Metals: Looking for closes above 1307 GC, 16.85 SI to confirm a buy signal and add more longs.

Edit: Bought 2785 calls expiring tomorrow @ 2.7 as a hedge for my short.
Last edited by margincall on Jun 7th, 2018 7:08 am, edited 2 times in total.
Jun 7th, 2018 8:10 am
rapashoo
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Mar 22, 2010
2244 posts
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Jun 7th, 2018 8:10 am

NQ futures we are right at previous Mar 13's high 7200-7210. If we fail to go higher, that's obvious double top but with the momentum being strong I expect it to go higher intraday then it's untapped territory.
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Jun 7th, 2018 8:23 am
margincall [OP]
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Nov 6, 2015
1840 posts
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Oakville

Jun 7th, 2018 8:23 am

rapashoo wrote: ↑
Jun 7th, 2018 8:10 am
 NQ futures we are right at previous Mar 13's high 7200-7210. If we fail to go higher, that's obvious double top but with the momentum being strong I expect it to go higher intraday then it's untapped territory.
I agree, need a divergent high. Money flows still negative and sentiment is uber-bullish :rolleyes:

https://www.cnbc.com/2018/06/07/buffett ... trong.html
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Jun 7th, 2018 8:43 am
Jeenyus1
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Oct 9, 2008
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Thornhill

Jun 7th, 2018 8:43 am

"We are experiencing inflationary price increases in certain raw material and commodity based components due in large part to the headwinds created by the announcement and implementation of the steel and aluminum tariffs and other regulatory actions, as well as higher warranty costs," says Thor Industries CEO Bob Martin.

https://www.cnbc.com/2018/06/07/america ... lunge.html
--

The only Senator to try to counter Trump admin's tariff war is retiring soon LOL. Better than nothing I suppose for those of us who are/would be affected by these tariffs.

"Sen. Bob Corker unveils legislation to curb President Donald Trump's ability to impose tariffs, over objections from Trump himself.
Six Republicans and four Democrats signed on to the bill."

https://www.cnbc.com/2018/06/06/sen-bob ... riffs.html

--

Koch Brothers have already started an initiative to oppose these tarriffs. 1-term president.

https://www.cnbc.com/2018/06/04/koch-ne ... riffs.html
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Jun 7th, 2018 9:38 am
margincall [OP]
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Nov 6, 2015
1840 posts
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Oakville

Jun 7th, 2018 9:38 am

Short NG @ 2.99
Added ES short @ 2777, full position average 2767, hedged with 2785 calls as posted above.
Jun 7th, 2018 9:52 am
dlhunter
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Jun 27, 2007
4633 posts
1345 upvotes

Jun 7th, 2018 9:52 am

arvind84 wrote: ↑
Jun 7th, 2018 9:38 am
 Short NG @ 2.99
Added ES short @ 2777, full position average 2767, hedged with 2785 calls as posted above.
SPX broke out from 2700-2740 range - this translates into new range 2740-2780 (+40)
expecting reversal right here (2780)
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
Jun 7th, 2018 9:53 am
dlhunter
Deal Addict
Jun 27, 2007
4633 posts
1345 upvotes

Jun 7th, 2018 9:53 am

covering short puts in TSLA - will add back on the pull back
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃

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