Investing

The Short-Term Trading Thread

  • Last Updated:
  • Jul 17th, 2018 12:14 pm
[OP]
Deal Addict
Nov 6, 2015
1062 posts
756 upvotes
Oakville
Sold 1/2 ES Aug17 2800 calls for just under 2x, taking capital out.
Holding the rest for 2810+

CL holding support, imo we will see a new high before sub-70

Edit: VIX new lows, confirming bullish action
Edit2: Scalp short ES 2782.5, stop 2784
Edit3: Stop tightened to HOD, risking 1 tick
Edit4: Looking more and more like a grind up day, done for the day if stopped
Last edited by margincall on Jul 9th, 2018 11:38 am, edited 4 times in total.
Deal Addict
Jun 27, 2007
3798 posts
777 upvotes
Stopped ES for a sizable loss, but not a bad day overall.
Long Oil, short bonds, short SPX puts and long TSLA more than covered ES loss.

Still its hard to believe this rally has legs. Most likely, traders had negative views on the market going into tariffs deadline. And market likes to disappoint the most number of participants. 2800 acts like a magnet, and headline risk still out there. Will reload ES short around 2800 to hedge long exposure.
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
1062 posts
756 upvotes
Oakville
Good morning!
Futures continued to grind higher overnight, consider 2800 target hit with ONH of 2797.5
2800 should hold as resistance on the first attempt, expecting a pullback to 2760.
I think we're in for a Turnaround Tuesday...

Edit: Sold remaining ES calls for 2.5x @ ES 2794
Deal Addict
Jun 27, 2007
3798 posts
777 upvotes
Short ES 2797

RUT turned red. #Hope4More

Edit: covered 2768
Last edited by dlhunter on Jul 10th, 2018 10:46 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!
Deal Addict
Mar 22, 2010
1735 posts
266 upvotes
TSLA agreed to build plant in Shanghai and guess it was sell the news event? Morning's pop seems to be fading now.

Grabbed some UVXY weekly calls, not liking daily candle on NQ.
Member
User avatar
Jul 10, 2007
347 posts
227 upvotes
Edmonton
Your hopes have been answered! Trump at it again.
[OP]
Deal Addict
Nov 6, 2015
1062 posts
756 upvotes
Oakville
Good morning!
Futures lower overnight, it's like Trump knew we needed a pullback...
Ideally, we get another leg down over the next couple of days into 2755-40, will be a buyer there if so.
2735 must hold for bulls.

Going to start building positions in GDX and DBA Jan 2019 calls today.
Images
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Deal Addict
Jun 27, 2007
3798 posts
777 upvotes
Weakening mighty eagle fighting young dragon.
Bot RTY 1685.5 for a trade
Sold 2700 Aug puts

Looking to short ES higher

Edit: sold RTY 1699.5
Last edited by dlhunter on Jul 11th, 2018 10:24 am, 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
1062 posts
756 upvotes
Oakville
dlhunter wrote:
Jul 11th, 2018 8:54 am
Weakening mighty eagle fighting young dragon.
"If your opponent is of choleric temper, irritate him." - Sun Tzu
Sr. Member
Oct 21, 2014
883 posts
652 upvotes
Burlington, ON
Wonder what happens once traders realize that Trump doesn't care about China, the stock market, or world trade. He is solely posturing to his base for the mid terms, which considering the overall strength of the US economy, republicans are likely to win.
Deal Addict
Jun 27, 2007
3798 posts
777 upvotes
Covered CL spread for 70 cents profit
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!
Member
Feb 5, 2017
291 posts
174 upvotes
I think we are in for a nice 1% rebound between today and tomorrow. Buying 1.2M of S&P500
Deal Addict
Jun 27, 2007
3798 posts
777 upvotes
Shorted 2790
Either we pull back to 2750 and lower, or keep going higher

Bot RTY on the flush... 1682..1683.. 1684

Sold 1/3 RTY 1690

Covered ES 2791. Standing aside for now

Sold all RTY 1686.4
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!
Jr. Member
Apr 23, 2017
168 posts
93 upvotes
Hey guys, a little help here. I moved from the US a couple of months back and need help with finding a good online stock broker - Lot of info/choices from the web and I understand the choices differ based on needs/priorities, but looking for something with a low trading fee, low/no monthly fee and low/no monthly minimum balance. Wish robinhood was here in Canada! TIA

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