Investing

The Short-Term Trading Thread

  • Last Updated:
  • Jun 25th, 2019 1:48 pm
[OP]
Deal Addict
Nov 6, 2015
1685 posts
1212 upvotes
Oakville
Now or never bears
Gap filled, lower high must hold
Deal Addict
Jun 27, 2007
4396 posts
1188 upvotes
margincall wrote:
Jan 2nd, 2019 11:22 am
Now or never bears
Gap filled, lower high must hold
12 is key resistance. Above opens the door to test 2530-2540
finger on the trigger - might cut the short early, don't like the action

edit: first target 2500.5 or market out

edit: bears pretty weak against seasonality - Jan cash inflows should propel bulls. Covering 2501 - OUT +7
Last edited by dlhunter on Jan 2nd, 2019 11:34 am, edited 3 times in total.
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 😃
[OP]
Deal Addict
Nov 6, 2015
1685 posts
1212 upvotes
Oakville
dlhunter wrote:
Jan 2nd, 2019 11:26 am
12 is key resistance. Above opens the door to test 2530-2540
finger on the trigger - might cut the short early, don't like the action
Agreed, needs to start rolling asap. Longer it stays here, we're looking at a breakout

Edit: OK that's a decent start Winking Face CL reversing too, daily 20ema rejection. Setting stop to 2511, think we might have caught a good entry
Edit2: Covered 1/3 @ 2496 (+11.5) Stop tightened to 2508 on the rest.
Edit3: Out all 2498 (+9.5). VIX can't get off the floor. Yay, first trade of 2019 is a winner Smiling Face With Open Mouth

Btw, this slow roll is the most dangerous imo. Bulls think it's safe, VIX in the dumps so shorts get frustrated and bail (like me).
Bulls must take out 2508/12 asap, risk is still high
Last edited by margincall on Jan 2nd, 2019 12:11 pm, edited 5 times in total.
Deal Fanatic
Feb 9, 2009
7646 posts
4572 upvotes
Bought some AT&T for yield... 7%.

Still think we will re-test lows and go down more... but hedging with yield names.
Deal Addict
Nov 10, 2018
1760 posts
1658 upvotes
These vix numbers and market performance reminds me of the game "hot potato". Who's blinking first? :D
For legal topics and discussions, the opinion, guidance, and thoughts provided are my own and are not considered to be legal advice, in any manner.
Deal Addict
Jun 27, 2007
4396 posts
1188 upvotes
train is leaving the station, buy or bye

edit: going long ES 2510 - break out above 12.5

edit: stoopsss. Run bulls, run - target ONH 21.25

edit: out 2518.5, no follow through. Watching now
Last edited by dlhunter on Jan 2nd, 2019 2:09 pm, edited 3 times in total.
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 😃
Deal Addict
Mar 22, 2010
2090 posts
358 upvotes
margincall wrote:
Jan 2nd, 2019 1:05 pm
:rolleyes: :facepalm:


Capture.PNG
U gotta be kidding me... How is he allowed to say stuff like that.
Deal Addict
Nov 10, 2018
1760 posts
1658 upvotes
Up 1.7% today. Realized gain, sold it all again.

What a great start to 2019 :D
For legal topics and discussions, the opinion, guidance, and thoughts provided are my own and are not considered to be legal advice, in any manner.
Deal Addict
Jun 27, 2007
4396 posts
1188 upvotes
high of the day - 2520.5 only 3 contracts traded there
I had it as my upside target, but didn't get filled and had to dump market - 18.5, still decent.

rejection of 2520 level is significant. it's been tested 4 times now (twice in RTH)
still think we float higher

p.s. strong close. VIX on the lows. BUT - VIX futures are higher, not sure who is lying. Market wants to rise, a lot of nervous traders out there and nobody wants to be committed overnight.
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 😃
Deal Addict
Jun 27, 2007
4396 posts
1188 upvotes
White Comet wrote:
Jan 2nd, 2019 4:19 pm
confused at this price action...chop all day and PPT shows up in the final 15 mins for SPX/SPY
markets are down across the board, esp NAS. HINT: look at APPL. I mean look at that RED apple.
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 😃
Deal Addict
Jun 27, 2007
4396 posts
1188 upvotes
right, New Years surprise. Not
I said many times before, AAPL sales of iPhones are not going to be good. In fact, it will be pretty bad and their guidance to Q2 will be horrific.
What would happen? Stock will plunge to 120-125 area. And then it will be great buying opportunity.

Question right now - will APPL take market with it.

p.s. I think market will tank with AAPL. Not to new lows, but closer to 2440. Semis don't like AAPL news, even MSFT turned down.
Last edited by dlhunter on Jan 2nd, 2019 6:14 pm, edited 1 time in total.
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 😃
Deal Addict
Feb 4, 2015
4299 posts
1293 upvotes
Canada, Eh!!
From Dec 22, what-did-you-buy-what-might-you-buy-136 ... #p30313258

CCHIPSS wrote: ↑
Past success doesn't guarantee future success. You might have lost 50% and then make a profit before, but it might not happen again. Especially true in the IT industry.

********************
georvu wrote:
That is why i said "BUT big IF".

No stock gain or loss in past guarantees same in future... known fact.

At this point one is not buying at top [unlike me several years ago AND learned from that] so while no guarantees in stocks imho there is better probability for it to approach 200 then to get cut in half here at 150 to 75.

Downside imho is in 120s but can't accurately time or predict so starting to build position now could be fruitful... couldn't resist :)

Past success or failure doesn't guarantee future success or failure.


-------------------------------------------------------------------------------------------

Getting closer to downside... would wait until 135 for any major purchase. Don't think it goes below 120.

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