Investing

The Short-Term Trading Thread

  • Last Updated:
  • Mar 20th, 2024 3:41 pm
Deal Addict
Feb 14, 2010
1024 posts
1063 upvotes
Toronto
Morning folks
So looks like we are trapping more bulls and bears. Going to look at the AAII Investor Sentiment Survey tomorrow to see where we stand.
I think this rally into earnings have one more push higher.
Deal Addict
Nov 6, 2015
3026 posts
2227 upvotes
Calgary
Long ES 3501, half size

Edit: Added 3483
Last edited by margincall on Oct 14th, 2020 11:56 am, edited 1 time in total.
Deal Addict
Mar 22, 2010
4133 posts
2172 upvotes
Sold TSLA $500 calls weekly exp. ($135 credit each)

Bought back and bought $460 weekly calls with proceed.
Last edited by rapashoo on Oct 15th, 2020 3:21 pm, edited 1 time in total.
Deal Addict
Aug 18, 2003
2417 posts
1299 upvotes
YVR
rapashoo wrote: Sold TSLA $500 calls weekly exp. ($135 credit each)
I don't have the guts to that trade. Seriously good luck - i'll be cheering.
Last edited by Charles on Oct 14th, 2020 12:07 pm, edited 1 time in total.
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Deal Addict
Feb 14, 2010
1024 posts
1063 upvotes
Toronto
SPY 348.50
Sold VXX 22.01 +.4, was a side play

Add SPY 348.20
Last add at 347.40
Last edited by thelastword on Oct 14th, 2020 1:37 pm, edited 1 time in total.
Deal Addict
Aug 18, 2003
2417 posts
1299 upvotes
YVR
Long es 3480

edit. out even. don't like this action...
Last edited by Charles on Oct 14th, 2020 2:33 pm, edited 1 time in total.
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Deal Addict
Mar 22, 2010
4133 posts
2172 upvotes
Charles wrote: I don't have the guts to that trade. Seriously good luck - i'll be cheering.
yes, knowing your risk appetite is really a key thing. So many traders don't even have a clue about how much they can stomach. Not saying I have balls made in steel, I don't think TSLA will hit $500 before the actual ER day.
Deal Addict
User avatar
May 7, 2017
1359 posts
861 upvotes
MrMom wrote: The forecast US election induced volatility hasn't occurred yet. In fact the VIX curve is at it's lowest and flattest since mid August.
Selling vol has been working well. It will work especially well right at election time even if market drops.
Deal Guru
Aug 17, 2008
10991 posts
13540 upvotes
Since there's no Investment programming thread that I'm aware of and I'm not interested in starting one, I'll post this here.

RBC launches its first AI stock trading program
October 14 at 6:34 PM

https://www.theglobeandmail.com/busines ... g-program/

Excerpts;

"The initial Aiden algorithm is focused on a volume-weighted average price (VWAP) trading strategy, which tries to execute trades near the daily moving VWAP for a given stock. The goal of the Aiden algorithm is to reduce “slippage" from the VWAP, which happens when an order is executed at a different price from what is anticipated."

"Borealis AI is also working on other uses of artificial intelligence for RBC. These include software such as NOMI, which advises personal banking clients on ways to save money based on their own spending habits, and natural language processing tools meant to quickly identify news that could move markets."
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
User avatar
May 6, 2010
3203 posts
477 upvotes
Markham
Just once, I want the talking heads admit that they have no clue about the market movements.

"Stock markets drop/rise amid ongoing delayed/hope of stimulus talks".
Deal Addict
Aug 18, 2003
2417 posts
1299 upvotes
YVR
.trading idea: long the NVDA diag...short Nov 20 650 calls ~$10....buy Nov 27 700 calls ~$5.8 (for net credit....~$4.2)
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Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
I see 3430 as support. Bot NQ 11770 and ES 3434 this am. There is gap to close, and hence my play.
Otherwise I am busy at work, no time to trade.

Re: vol crush - if election outcome to be decided in court, we could see big spike in vol. Working IC 3100/3000/3700/3800 in Dec for 35 CR. Almost 70% POP

edit: going to take NQ off 11870 for almost 100 points
Last edited by dlhunter on Oct 15th, 2020 2:03 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 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
Aug 18, 2003
2417 posts
1299 upvotes
YVR
dlhunter wrote: I see 3430 as support. Bot NQ 11770 and ES 3434 this am. There is gap to close, and hence my play.
Otherwise I am busy at work, no time to trade.

Re: vol crush - if election outcome to be decided in court, we could see big spike in vol. Working IC 3100/3000/3700/3800 in Dec for 35 CR. Almost 70% POP
Good to see you back DL!

I like the IC - weirdly it could work with AMZN at the same strike prices lol...IB doesn't let me do options on ES
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Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
waiting for TICK xplosion to unload. sellers are trying to push down, but gap must be closed ;)
hold..hold.. hold!
maybe 11900 on NQ and 3477 on ES
min 11867 and 3472

edit: previously, I would have already sold. but action must end with the bang. waiting... 3..3:15 should be todays highs

edit: ES on target, NQ 11865 - almost there. Where are the ticks?
don't want to be greedy, but testing 20MA on hourly could be in play - 3482 and 11960 (maybe not NQ)
cmon bulls, time running out... tick-tock

edit: out NQ 11868, half ES 3472.5
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 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
Mar 22, 2010
4133 posts
2172 upvotes
rapashoo wrote: Sold TSLA $500 calls weekly exp. ($135 credit each)
Bought back and bought $460 weekly calls with proceed
Deal Addict
Nov 6, 2015
3026 posts
2227 upvotes
Calgary
An IHS doesn't get prettier than that...triggers above 3490, target 3550
Still long and underwater...don't want to see sustained trade below 3450

Capture.PNG
Last edited by margincall on Oct 16th, 2020 2:04 am, edited 1 time in total.
Deal Addict
Nov 6, 2015
3026 posts
2227 upvotes
Calgary
Charles wrote: IB doesn't let me do options on ES
You need to go into Account Management and set your trading permissions to enable Futures Options

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