Investing

The Short-Term Trading Thread

  • Last Updated:
  • Sep 21st, 2018 9:55 am
Deal Addict
Mar 22, 2010
1802 posts
281 upvotes
Market's reopened with only two days left for the week and I am getting myself in some calls I think. It will be too expensive by the time we open. Game plan today is to wait before Fed meeting and buy the dip.

NQ 4 hour chart 20MA bull cross over 50MA and we've been consistently making higher lows/higher highs since Jun 28. If this trend continues, we should break 7164.90 Jul 3 high.
[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
Good morning!
Futures are trading higher today, back at the key 2735 resistance.
Bears had multiple opportunities to crack 2700 but could not, bulls managed a sticksave and put in a higher low.
No change in my view, still expecting higher prices into July expiry as long as the recent lows hold.
Got stopped out of NQ longs for +50, still holding ES longs and calls.

Closing at the lows on Tuesday means a bunch of longs would have stopped out, we have a gap and go setup here...
Fed minutes today and NFP tomorrow, let the games begin!
[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
Buying on weakness in SPY, a lot of block trades this week
I read it as bullish above 271 SPY, bearish below
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Deal Addict
Jun 3, 2009
4316 posts
616 upvotes
Montreal
jerryhung wrote:
Jul 5th, 2018 10:42 am
TSLA fall continues, wow, $29x now, $373 > $290 in a month
Competition: every traditional car manufacturer has been gearing up for EV
Liquidity: TSLA is running low on cash given the capital intensive business and banks aren't lending him more.
Quality control: certain tests being skipped, robots being overclocked, maintenance skipped
Upper management: Key executives have been leaving left and right
CEO's sanity: Musk is wasting his valuable time getting obsessed over critics on Twitter. Remember his April Fool's joke?

I wouldn't give TSLA more than 5 years before it becomes TSLAQ.
[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
Added back NQ longs @ 7065, stop 7040

Edit: Added chart, SPX needs to bust through the DTL, higher lows in place
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[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
MrMom wrote:
Jul 5th, 2018 12:34 pm
@margincall Whats with the name change? Hopefully it wasn't a 2:1 split ;)
LOL Face With Tears Of Joy
With all the privacy and data breaches going on, I thought it better not to post under my real name.
Took me this long to think of a username that was both relevant and available...
Newbie
May 3, 2018
36 posts
19 upvotes
With tariff going to be in effect tonight, i was wondering what you guys are planning. For me, tomorrow the market would be down but i think monday is potentially more volatile as china may fight back over the weekend. whats your thought?
[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
fwaangru wrote:
Jul 5th, 2018 1:22 pm
With tariff going to be in effect tonight, i was wondering what you guys are planning. For me, tomorrow the market would be down but i think monday is potentially more volatile as china may fight back over the weekend. whats your thought?
I'm holding my longs. Will hedge before 2pm with some of next week's puts, insurance is cheap atm.
Deal Addict
Jun 27, 2007
3836 posts
804 upvotes
Shorted ES on close 2739
Bot CL sep contract 70.72
Sold CL Aug 68 puts 1.45..1.4
Covered TSLA short calls and FB short puts

Edit: imo, 2691 will open the door to test 200 dma. Since its higher now, stocks are not bargains they were at 2530. Next level would be 2600.
Last edited by dlhunter on Jul 5th, 2018 8:35 pm, edited 1 time in total.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
[OP]
Deal Addict
Nov 6, 2015
1066 posts
775 upvotes
Oakville
dlhunter wrote:
Jul 5th, 2018 4:47 pm
Sold CL Aug 68 puts 1.45..1.4
How is liquidity on CL options? Never traded them before, trying to come up with a strategy for a limited risk short. They trade 24/5 right?
Deal Addict
Jun 27, 2007
3836 posts
804 upvotes
margincall wrote:
Jul 5th, 2018 8:21 pm
How is liquidity on CL options? Never traded them before, trying to come up with a strategy for a limited risk short. They trade 24/5 right?
They trade 24/5, and i did not experience liquidity issues yet. Normally, i would buy/sell during pit hours, best bid/ask.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Jul 3, 2006
1723 posts
334 upvotes
margincall wrote:
Jul 5th, 2018 1:33 pm
I'm holding my longs. Will hedge before 2pm with some of next week's puts, insurance is cheap atm.
What puts did you buy?

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