I took both QE BTS entries (options), sold 1st the second
trading day but still have the second entry. September has been a
very bad month for me with the market crashed on my portfolio while
I couldn't watch the market, and after that I've been totally out
of sync with the market (buy high sell low...LOL). So I decided to
trade using your system as a rehabilitation tool. so to speak.
Also bought NVDA on the breakout. So far making a baby step
recovery. Thank you for your commentary/analysis and your systems.
Particularly your market commentary.
lapri24 - we warned of a correction following the parabolic move
in late August/early September and suggested raising stops and/or
taking profits. The main thing here is to LEARN and avoid
such hits to your portfolio in the future.
Steve, totally agree. Late Aug/early Sept was unfortunately when
life suddenly happened in a bad way and little time or presence of
mind for the market. I saw the email for exhaustion short trade at
the market top, a week later. I can only laugh and learn at this
point.
Bro - I am with you. The key and most difficult part of
trading is timing (which time horizon are you trading on - short,
swing or long - in fact I think if the boys used these terms more
explicitively it would help vs. "trade on your time horizon" ;
furthermore I think they should be define short=1-2 weeks,
swing=1-2 months, long => 3month...I made that up but would love
for the boys to entertain) and of course greed. When you get
a winner take it - sold my NIO at small $400 profit at 22.20, then
got stopped out on the rest for $130 loss. One of the things
I try not to do is get back in, when the trade is over, it's over,
no 2nd winds (painful lesson)- only exception to this is when there
is a wedge with a back test. As I posted yesterday NVDA was awesome
but I got out at 540 - no 2nd winds ; we could watch for a back
test though. I'm still holding my 2nd entry on the QE BTS
cause Matt said follow the momo (momentum) and actually bought a
little more today (I also hedged it with a daily puts for Friday)-
both are flat on the trade but time will run out on the hedge so
i'll cash it when green if resistance holds no matter what.
Matt and Steve are the best in the business. Period.
They aren't fortune tellers but I kind of am and if September
was bad for you like it was for me well don't fret, I feel a change
coming to your tide ;) and mine lol.
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I took both QE BTS
Clarification on SPY systems vs SPX KISS 401K etc
Posted by lapri24 on 1st of Oct 2020 at 12:25 am
I took both QE BTS entries (options), sold 1st the second trading day but still have the second entry. September has been a very bad month for me with the market crashed on my portfolio while I couldn't watch the market, and after that I've been totally out of sync with the market (buy high sell low...LOL). So I decided to trade using your system as a rehabilitation tool. so to speak.
Also bought NVDA on the breakout. So far making a baby step recovery. Thank you for your commentary/analysis and your systems. Particularly your market commentary.
lapri24 - we warned of
Posted by steve on 1st of Oct 2020 at 08:44 am
lapri24 - we warned of a correction following the parabolic move in late August/early September and suggested raising stops and/or taking profits. The main thing here is to LEARN and avoid such hits to your portfolio in the future.
Steve, totally agree. Late Aug/early
Posted by lapri24 on 1st of Oct 2020 at 10:54 am
Steve, totally agree. Late Aug/early Sept was unfortunately when life suddenly happened in a bad way and little time or presence of mind for the market. I saw the email for exhaustion short trade at the market top, a week later. I can only laugh and learn at this point.
Bro - I am with
Posted by fredsaid on 1st of Oct 2020 at 01:00 am
Bro - I am with you. The key and most difficult part of trading is timing (which time horizon are you trading on - short, swing or long - in fact I think if the boys used these terms more explicitively it would help vs. "trade on your time horizon" ; furthermore I think they should be define short=1-2 weeks, swing=1-2 months, long => 3month...I made that up but would love for the boys to entertain) and of course greed. When you get a winner take it - sold my NIO at small $400 profit at 22.20, then got stopped out on the rest for $130 loss. One of the things I try not to do is get back in, when the trade is over, it's over, no 2nd winds (painful lesson)- only exception to this is when there is a wedge with a back test. As I posted yesterday NVDA was awesome but I got out at 540 - no 2nd winds ; we could watch for a back test though. I'm still holding my 2nd entry on the QE BTS cause Matt said follow the momo (momentum) and actually bought a little more today (I also hedged it with a daily puts for Friday)- both are flat on the trade but time will run out on the hedge so i'll cash it when green if resistance holds no matter what. Matt and Steve are the best in the business. Period. They aren't fortune tellers but I kind of am and if September was bad for you like it was for me well don't fret, I feel a change coming to your tide ;) and mine lol.