The bear long (not) trade

    Posted by fredsaid on 13th of Feb 2023 at 02:12 pm

    The bear long (not) trade from Friday was great.  Exiting.

    Yes happy chappy today. My

    Posted by mundy on 13th of Feb 2023 at 04:53 pm

    Yes happy chappy today. My trading plan worked like a charm. Exit iis at 4158 (just below upper channel line.   

    Bear Long - I took

    Posted by elementsix on 13th of Feb 2023 at 03:38 pm

    Bear Long - I took it as well and happy I did! Will likely exit EOD.

    If you don’t mind sharing

    Posted by watcdy on 13th of Feb 2023 at 03:40 pm

    If you don’t mind sharing how did you play it with one of the ETFs or with the E minis?

    I bought 2* MESH23 at

    Posted by mundy on 13th of Feb 2023 at 05:00 pm

    I bought 2* MESH23 at 4080. I also bought 2* MNQH23 at 12278.  Target at 4158 on MESH23 just below the upper channel. On MNQH23 my exit has a bit to go to 12630, also below the upper channel line.

    Excellent Mundy.  I had mesh23

    Posted by watcdy on 13th of Feb 2023 at 05:50 pm

    Excellent Mundy.  I had mesh23 but I suffer from early departure and  left  $$$ on. the table .  Have to write a better plan so I can hang on to trade  longer 

    I bought SPY Calls but

    Posted by elementsix on 13th of Feb 2023 at 03:59 pm

    I bought SPY Calls but you could easily buy one of the leveraged SPY ETFs... SPXL, SSO. They trade AH/premarket giving you a bit more flexibility than the options..

    Great.  Same here    Thx 

    Posted by watcdy on 13th of Feb 2023 at 04:07 pm

    Great.  Same here    Thx 

    Same. I bought short dated

    Posted by fredsaid on 13th of Feb 2023 at 11:03 pm

    Same. I bought short dated 410-415 call spreads for $1.45 on Friday - cost averaged, initial buy was at $1.57.  Sold m for for $2.27 today.

    Well played Fred, I should

    Posted by icecoldjones on 13th of Feb 2023 at 02:29 pm

    Well played Fred, I should have done the same thing but still have the short on which could be real bad with CPI tomorrow...

    I still have plenty of

    Posted by fredsaid on 13th of Feb 2023 at 11:15 pm

    I still have plenty of swing shorts myself.  Gotta play the long setups when you can to offset them.  I did bail on a few last week because I'll be able to short higher I think.  TSLA been handing it to me but like I posted a couple weeks ago - it's a conviction short for me, when this market catches up, and it will, not to mention the competitors and Twitter,  i will be rewarded.  I offloaded a lot of longs today as the risk/reward doesn't feel right.  Just like the Superbowl, it's fixed - I took KC btw but also the under so ended up being a wash.  I'm hoping we get real red, real early and planning for a MoNSTer long - chart looks juicy !

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!