The bears den

[DukeCS33]

Got rid of 4 PUTs for a tiny profit.

Rev turning to be a short term trader?

 

[meatballmarinara]

Got rid of 4 PUTs for a tiny profit.

you should go to r/wallstreetbets

 

[churnmaster]

Got rid of 4 PUTs for a tiny profit.

Congratulations!

This tiny profit, in a couple of days, is still about 10-15% of what you made last time deploying the money for couple of months.

 

[revhappy]

Congratulations!

This tiny profit, in a couple of days, is still about 10-15% of what you made last time deploying the money for couple of months.

Thanks! From past experience, whenever I get into profit and then if I don't take it followed by those profits evaporating, I then kick myself as to why did I not take the profits when it was there.

I would rather wait for the markets to fall before going long.

 

[Trader11]

Thanks! From past experience, whenever I get into profit and then if I don't take it followed by those profits evaporating, I then kick myself as to why did I not take the profits when it was there.

I would rather wait for the markets to fall before going long.

Are you investing for retirement or short term gratification?

 

[revhappy]

I have exited all positions now. I will keep the USD profit in IBKR and move the SGD out into bank accounts for higher interest and wait.

 

[revhappy]

By having Powell come and speak today and lift markets, this has allowed Trump to go ahead and apply tariffs on Mexico with the market on a high. Markets still think Trump will not apply the tariffs.

 

[Mecisteus]

By having Powell come and speak today and lift markets, this has allowed Trump to go ahead and apply tariffs on Mexico with the market on a high. Markets still think Trump will not apply the tariffs.

Why would you find excuses just to explain the market movements?

Seriously, I have not been reading any crap news about the market recently.

My target is to just wait for oversold stocks.

 

[SBC]

Good swing today. Took the chance to replenish my VIX holding.

 

[coolhead]

Does this count as closing the gap to 2800 level?

Sent from HMD Global TA-1004 using GAGT

 

[theMKR]

Good chance for the bears to short!

IBKR no more tsla to short.

oh well i longed it to cancel out my losses at 188 lol

 

[coolhead]

hmm....s&p500 closed above 200ma and 2800.....

 

[Shiny Things]

IBKR no more tsla to short.

That's when you go to the options market and sell synthetics, am I right? The implied borrow's only about 1.25%.

 

[DukeCS33]

Are you investing for retirement or short term gratification?

It does not matter. Money in the hand is never a wrong decision. However to be consistently profitable, one needs to define and trade his edge.

 

[DukeCS33]

There was a nice solid rebound last night. This was a lot faster and stronger than I anticipated and does suggest that there is a lot of liquidity and pent up demand just waiting for bad news to simmer down... given this type of backdrop, anything can be used as a trigger point to go long.. lack of news, positive news or even interpretation of supposedly neutral news in a bullish light would suffice. And that is the reason why I have stated prior that it is difficult to short and one needs to get entries timed to perfection. The bulls would have it a little easier. So where do we go from here? The down trend line drawn from the peak, connecting all the highs in this recent downmove provides a trendline resistance and it coincides with the 2800 / 2820 prior support zone. I would expect 2820 to be resisting price action and would observe the price volume interaction to see if it may constitute a test and the results of this test may give some indication of demand and supply dynamics.

 

[Trader11]

It does not matter. Money in the hand is never a wrong decision. However to be consistently profitable, one needs to define and trade his edge.

It matters because it stops one from being self deceptive about what one is aiming for. It's not good to keep changing one's goal just to make themselves feel happy

 

[DukeCS33]

It matters because it stops one from being self deceptive about what one is aiming for. It's not good to keep changing one's goal just to make themselves feel happy

Well money in my pocket will definitely make me happy

I think as long as one knows what he is doing, it is fine. These days, the markets are just very headline driven. For someone who follows a DCA method, they can just stick to it But others may not follow that style and may have other methods that suits. The main thing is not to be enslaved by any particular system or set of rules that one loses sight... eg if one is bearish and takes a short, and is in the money... would you consider taking profit and re entering again given that there is never an absolute in trading? Or if the original premise where you shorted is not valid, then would you continue to follow your original game plan? I find that retail traders who engage in systematic rules often get played out - their system is not as sophisticated compared to the real Pro's as the Pros invest in large$ to research their systems.
I have been through this journey and have scripted and used systems to trade as well - they work for a while and then they stop working - one still needs to know if the macro environment suits your set of rules or system... is the environment good for swing or countertrend for example? Is it a choppy or volatile trade.
For the active trader, when one chucks his system, he would not be enslaved by a predefined set of rules that may often hamper his trading results. Trading is just too fluid to be conquered by an under-invested retail system.

 

[churnmaster]

Well money in my pocket will definitely make me happy

I think as long as one knows what he is doing, it is fine. These days, the markets are just very headline driven. For someone who follows a DCA method, they can just stick to it But others may not follow that style and may have other methods that suits. The main thing is not to be enslaved by any particular system or set of rules that one loses sight... eg if one is bearish and takes a short, and is in the money... would you consider taking profit and re entering again given that there is never an absolute in trading? Or if the original premise where you shorted is not valid, then would you continue to follow your original game plan? I find that retail traders who engage in systematic rules often get played out - their system is not as sophisticated compared to the real Pro's as the Pros invest in large$ to research their systems.
I have been through this journey and have scripted and used systems to trade as well - they work for a while and then they stop working - one still needs to know if the macro environment suits your set of rules or system... is the environment good for swing or countertrend for example? Is it a choppy or volatile trade.
For the active trader, when one chucks his system, he would not be enslaved by a predefined set of rules that may often hamper his trading results. Trading is just too fluid to be conquered by an under-invested retail system.

Very well said.

 

[Trader11]

Well money in my pocket will definitely make me happy

I think as long as one knows what he is doing, it is fine. These days, the markets are just very headline driven. For someone who follows a DCA method, they can just stick to it But others may not follow that style and may have other methods that suits. The main thing is not to be enslaved by any particular system or set of rules that one loses sight... eg if one is bearish and takes a short, and is in the money... would you consider taking profit and re entering again given that there is never an absolute in trading? Or if the original premise where you shorted is not valid, then would you continue to follow your original game plan? I find that retail traders who engage in systematic rules often get played out - their system is not as sophisticated compared to the real Pro's as the Pros invest in large$ to research their systems.
I have been through this journey and have scripted and used systems to trade as well - they work for a while and then they stop working - one still needs to know if the macro environment suits your set of rules or system... is the environment good for swing or countertrend for example? Is it a choppy or volatile trade.
For the active trader, when one chucks his system, he would not be enslaved by a predefined set of rules that may often hamper his trading results. Trading is just too fluid to be conquered by an under-invested retail system.

There are some rules which need to be followed. There are rules which are fluid. That's all I can say.

 

[DukeCS33]

There are some rules which need to be followed. There are rules which are fluid. That's all I can say.

Then maybe they are not rules but a framework that is given to interpretation and discretion.