johnpaulca
12,036 posts
msg #135970
- Ignore johnpaulca |
5/18/2017 1:42:14 PM
johnpaulca
10,646 posts
msg #135968 5/18/2017 11:18:19 AM
XIV($71)...shorting the weak bounce
**************************************************************************
out at $68.20
|
gmg733
788 posts
msg #135976
- Ignore gmg733
modified |
5/18/2017 10:07:30 PM
I'm down to just half my /SI trade. I took profits in everything else. It was an insanely profitable week. Best one of the year for me.
|
pthomas215
1,251 posts
msg #135977
- Ignore pthomas215 |
5/18/2017 11:08:28 PM
GMG, great to hear! nice work. question for you..with this weeks entries and exits, did you take profit when you had em, or stick to your exit strategy goals per trade? Meaning were you patient throughout the trade and did not exit too early?
|
davesaint86
725 posts
msg #135979
- Ignore davesaint86 |
5/19/2017 10:48:37 AM
Do you think this is just a dead-cat-bounce?
|
pthomas215
1,251 posts
msg #135980
- Ignore pthomas215 |
5/19/2017 11:02:51 AM
My feeling is it is hard to tell right now until end of day whether this is a dead cat bounce. SPX is a bit 50/50, so use 2370 as inflection point. If SPX bounces off 2370 and up by the close we are starting wave 5, and if it goes below it will be the continuation of wave 4 correction and will go down to 2320 or so for support. It's called an overlap and makes one count invalid, leaving the other in play. no different than any other stock breaking resistance. if we close SPX above 2380, most likely we are starting wave 5 and will run up to 2500 in a jagged form..
|
gmg733
788 posts
msg #135981
- Ignore gmg733 |
5/19/2017 11:50:01 AM
@PT
Exits I'm still working on, I need to stay in the profitable trades longer. I do like to take half off after I get the move I want. And it depends on the trade really. If it is a pullback on a up trend then I'll let it go a little longer until I start to see the CCI over bought, think wind at your back. If it is a reversion trade or in a down trend, I'll put a long on and usually take profits when it gets to back to the lower BB40 ala JP uses. I'll only take a reversion trade if price is trading far from the low BB. If it is too close you won't get much of a run.
I'm watching /PA right now. Up trend, CCI below -100, BB40 going up. If we get a swing their might be room to the upside. If I was smart enough on how to post a pic I would.
I'm also watching /NG thought I would like to see it pull back on the CCI more. I'm good at getting in on turning points but not mid trend pull backs. I need to work on that to which is what /NG feels like.
|
pthomas215
1,251 posts
msg #135982
- Ignore pthomas215 |
5/19/2017 12:17:35 PM
gmg, it sounds like your exits are fine. I just asked because last nights trade with valeant (VRX) is a great example of my frustration at times. I got in at 13.53 last night and exited in pre market at 13.80. well it went down this morning to 13.30. I got out because of something Kevin from GA said once...'take profits when you have them'. I dont do well with consolidation. that is why i asked.
|
johnpaulca
12,036 posts
msg #135983
- Ignore johnpaulca |
5/19/2017 12:26:35 PM
pthomas215
705 posts
msg #135982
- Ignore pthomas215 5/19/2017 12:17:35 PM
gmg, it sounds like your exits are fine. I just asked because last nights trade with valeant (VRX) is a great example of my frustration at times. I got in at 13.53 last night and exited in pre market at 13.80. well it went down this morning to 13.30. I got out because of something Kevin from GA said once...'take profits when you have them'. I dont do well with consolidation. that is why i asked.
********************************************************************************************************************************
you traded that very well. It was a counter trade and that's how you trade them, now you move on and don't look back in your rearview mirror.
|
gmg733
788 posts
msg #135984
- Ignore gmg733 |
5/19/2017 1:26:02 PM
Exactly, I could be crying over /CL higher today buy I made good bank on the trade I did. But I learn not to look back. Look for the next trade. I'll make more money on a new trade than I would holding that trade. That is usually my experience at least.
|
johnpaulca
12,036 posts
msg #135988
- Ignore johnpaulca |
5/19/2017 5:28:12 PM
Won another pool. I use this to practice and for fun.
S&P 100 - STANDINGS
SUMMARY
MY PICKS
STANDINGS
COMPANIES
MY RANK OVERALL GAIN LAST UPDATE
1 of 54
0.50%
How is this calculated?
Fri, 4:21 pm EST
RANK USERNAME OVERALL GAIN ACTIONS
1 johnpaulca +0.50%
|