Derivatives Trading

[Perisher]

Pay day for future traders.

Haven't seen you for a long time, you stepped down?

 

[Yellowfin]

Haven't seen you for a long time, you stepped down?

Yup. Busy with life.

 

[Yellowfin]

Still remember me?

Don't remember as you change too many nick.

 

[Perisher]

Yup. Busy with life.

Taking over... Any guidance is welcomed.

 

[Yellowfin]

Taking over... Any guidance is welcomed.

Just stay neutral and don't take side. Watch out for scammer posting and advertiser. Life will be easy.

Have a lot of pop corn to watch show and then take action later.

PS. Sorry to TS for going OT.

 

[maxinger]

so how to trade?

eg this morning say u entered
at 3208 level, 6 lots (see arrow).

then u take profit at 3190, 3 lots (see short blue line).
and u close remaining 3 lots at 3174 (see short blue line)

gain 18 ticks x 3 + 34 ticks x 3 = 156 ticks = $3120

to earn more money, simply enter with more lots ( also can lost more money)

 

[maxinger]

I'm with you that this is the opportunity of the decade if it really turns out to be the beginning of the global rout.

Any 'overpriced' tech/healthcare stocks on your shorting list?

can't answer that question becos that is not my expertise.

 

[maxinger]

many traders working O/T and profitting from trading european or even Nikkei T+1 markets.

this is time to activate the war chest as this is opportunity in once a decade

 

[maxinger]

US Russell view
premarket drops 3.5%

next support level 1045.

we don't know if it will continue to drop,
retrace up significantly,
or swing up and down in wide or small range.
key thing is to let big boys decide, and don't anticipate.

 

[maxinger]

US Russell view
premarket drops 3.5%

next support level 1045.

we don't know if it will continue to drop,
retrace up significantly,
or swing up and down in wide or small range.
key thing is to let big boys decide, and don't anticipate.

sigh .... can't even use war chest to short it.
price went down soooo much till LIMIT DOWN trading halt.

such opportunity comes once a decade or rather once in our life time.

see how violent market moved. i have been trading for decades and this is the first time i witnessed extremely extremely violent jerky market.

luckily still got european market and nikkei T+1 market to trade

 

[maxinger]

tomorrow plan

ditto. no point writing the same old thing.

there will be tons of opportunities.
such once a life time opportunity wouldn't be repeated.

so very important to use war chest and increase lot sizes (also loss will increase too).
price will most likely continue to go down.
but at certain point (and at certain level), it will retrace up massively. so mind agility in trend analysis very important.

another point is that due to massive volume, we need to increase the size of the monitors. can't add more monitors due to graphic cards limitation.
so i am going to get the biggest size monitors possible.

 

[maxinger]

 

[maxinger]

Excellent opportunity to earn tons of money

This is probably once in a lifetime to earn tons of money.

Look at previous day day range

sgp simsci - 4.9%
nikkei - 6%
China A50 - 10.4% ( record high )
Taiwan - 3.8%
Europe stoxx 50 - 3.9%
US Russell - 3.8%

In fact, China A50 broke the record.
world wide day range extremely healthy.
when range is very high, u have the opportunity to set very high target profit.

This is the Great Opportunity, NOT great problem.

So depending on your TA/FA capability and mindset, it will determine whether u earn lots of money, or lost lost of money.

for the next few days, every day will be a great day.
next few days target profit : 5 digits / day (excl decimal)

 

[maxinger]

asian markets review

sgp simsci
most likely inside day.
very messy trend

nikkei
will probably hover at yesterday low
very messy trend

China A50
no idea

taiwan
most likely inside day
very messy trend



perhaps give those big boys time to make up their minds.
now going for early lunch

 

[Hymnody]

max, any analysis for trend for sp500? and the horizon to look at. thanks

 

[maxinger]

max, any analysis for trend for sp500? and the horizon to look at. thanks

I didn't subscribe to CME data. So I can analyse roughly only.


There are two segments to consider.

1. up segment
if u look at big picture, up trend started in 2/2009.
and price has been going up with saw tooth pattern supported by rising trendline.

2. down segment
since 8/2015, price has been going down.
u can view this down movement as retracement of up segment.
so based on big picture, it is still uptrend.

this downtrend that started in 8/2015 is sizable and momentum very strong.
the downforce energy is strong and it has yet to show any sign of trend exhaustion.
When price is going down decisively, it is common to see up retracement, and then down trend continuation pattern.

 

[Hymnody]

I didn't subscribe to CME data. So I can analyse roughly only.


There are two segments to consider.

1. up segment
if u look at big picture, up trend started in 2/2009.
and price has been going up with saw tooth pattern supported by rising trendline.

2. down segment
since 8/2015, price has been going down.
u can view this down movement as retracement of up segment.
so based on big picture, it is still uptrend.

this downtrend that started in 8/2015 is sizable and momentum very strong.
the downforce energy is strong and it has yet to show any sign of trend exhaustion.
When price is going down decisively, it is common to see up retracement, and then down trend continuation pattern.

Thank you for sharing. Appreciate the effort.

 

[Skurai]

@maxinger

Is the simsci even liquid?

 

[maxinger]

@maxinger

Is the simsci even liquid?

past few days yes.

That's why I track day range very closely to determine if it is tradable or not.

 

[maxinger]

Nikkei

this morning NK gapped up 2% to resistance level 19100.

obviously I am not going to take risk to take long position even if there is a signal to long it.