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The Short-Term Trading Thread

  • Last Updated:
  • Oct 30th, 2020 4:05 pm
Sr. Member
Aug 18, 2003
976 posts
236 upvotes
YVR
market ripping wow
To learn who rules over you, simply find out who you are not allowed to criticize.
Member
Feb 14, 2010
487 posts
426 upvotes
Toronto
jerryhung wrote: VIX is just weird

Markets were up/ATH and VIX was up
Last week markets were volatile/down, but VIX was down
Once the market is sold off there is less reason to fear so VIX goes back down.
I like to look at the price action of VXX to see what buyers are thinking.

Looks like AAPL/TSLA short squeeze coming

Market up VXX up not a good sign.
Sold WFC $24.75 0.70 profit
Last edited by thelastword on Sep 14th, 2020 10:09 am, edited 1 time in total.
Deal Fanatic
Jun 27, 2007
5462 posts
1883 upvotes
thelastword wrote: Sold WFC $24.75 0.70 profit
FYI: there is FAS/UYG/XLF to trade financials, instead of single company (less risk)
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!
[OP]
Deal Addict
Nov 6, 2015
2966 posts
2115 upvotes
Calgary
Good morning!
Gap and go...welcome to OpEx week :)
Not doing much at the moment...ES hit the downtrend line and is consolidating
3400 is my line in the sand...if bulls can turn it into support, we should see 3500 by Friday

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Sr. Member
Aug 18, 2003
976 posts
236 upvotes
YVR
Bought AXP 110 calls 18sep
To learn who rules over you, simply find out who you are not allowed to criticize.
Deal Addict
Mar 22, 2010
2818 posts
755 upvotes
dlhunter wrote: covering short puts in NKLA. Already out of 60 calls at $1 - goal is to maintain some short premium, but drastically remove risk
imo, its short squeeze, but chance of a fraud is high

p.s long ES 3371 - out 3379
long NQ 11190 - out 11250
Still holding $20 Oct short puts but yes, I am very skeptical of this rally. I haven't reached 50% profit target sigh...
Deal Expert
User avatar
Sep 19, 2004
23620 posts
5320 upvotes
where I belong
Futures green after big green day yesterday

All is well again? I know NASDAQ is still 7-8% off ATH

TSLA +17% in 2 days (12% and +5% pre-market)

DKNG ATH on ESPN news
NKLA was $29, then $35 (+11%), and now $33 (-5%), ha ha

It's weird, -10%, +10% on no news is the new norm now
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Sr. Member
Aug 18, 2003
976 posts
236 upvotes
YVR
margincall wrote:
3400 is my line in the sand...if bulls can turn it into support, we should see 3500 by Friday
To learn who rules over you, simply find out who you are not allowed to criticize.
[OP]
Deal Addict
Nov 6, 2015
2966 posts
2115 upvotes
Calgary
Good morning!
ES is testing 3400, pretty much the last stand for bears here at 3400-3410
We should fill the gap at 3392.5...if we rip directly, bulls are stronger than expected and I wouldn't be short

KC is finally coming into my buy zone around 115 after a monster run...needs to stabilize in this area
Interested in NG as well around the 50dma 2.15-2.2

Edit: Short ES 3408, stop 3412, target gap fill
Edit2: Stop 3409.25
Edit3: Out at entry, 3400 held
Last edited by margincall on Sep 15th, 2020 10:03 am, edited 1 time in total.
Deal Fanatic
Jun 27, 2007
5462 posts
1883 upvotes
VIX expiring today
internals went from strong to barely above water. NAS leading
doing nothing until 3390
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!
[OP]
Deal Addict
Nov 6, 2015
2966 posts
2115 upvotes
Calgary
dlhunter wrote: VIX expiring today
internals went from strong to barely above water. NAS leading
doing nothing until 3390
Sept VIX expires tomorrow at the open
Agree re: 3390
Deal Fanatic
Jun 27, 2007
5462 posts
1883 upvotes
why is C below 50? especially with analysts target in the 60s?
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 Fanatic
Jun 27, 2007
5462 posts
1883 upvotes
margincall wrote: Sept VIX expires tomorrow at the open
Agree re: 3390
correct, I meant today is last full day to trade, usually there is no activity past 4PM as most traders abandon ship and roll into next expiration
if VIX to move, it should do so now... and then index either catches up or futures fall 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 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Fanatic
Jun 27, 2007
5462 posts
1883 upvotes
bidding 3393.5 and 11357

filled 3395 and 11370

edit: sold NQ 11448
edit: sold ES 3405
Last edited by dlhunter on Sep 15th, 2020 11:16 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 😃
In Fed We Trust - Make ES Limit Down Great Again!

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