SPX 3m ...  barely  closed

    Posted by mla127 on 20th of Dec 2024 at 04:04 pm

    SPX 3m ...  barely  closed above that 50DMA ... saved the day  ...  maybe Skynet will need to reach out to AWS to spin up more instances next time when the in house buying compute goes into power save mode unexpectedly  .... 

    nice intra day trading and

    Posted by matt on 20th of Dec 2024 at 04:20 pm

    nice intra day trading and makes sense for a pullback on Friday OPEX and of course Debt Ceiling crap going into the weekend - makes sense to follow for day traders, and of course given the debt ceiling crap would be some nervousness going into weekend, so folks who have the ability to monitor intra day would good to take some profits mid day.

    otherwise none of the systems closing out, and in fact some of these volatility systems (besides the SPY that went long yesterday) are going long today such as QQQ, IWM, DIA

    and none of the mean reversion systems closing out, even though that CCI system has a very aggressive exit

    but again BPT is composed of a lot of different traders here, you have to define your style. If you have the ability to sit here and monitor these reacting to these intra day levels might make sense for you. 

    if you are working a day job (we have a lot of doctors, and lawyers and other professional's) then intra day setups do not fit you - if you are trading the systems, for example, none of them closed out today, so trying to sell intra day and buy back might not make sense for you if you can't monitor and if it's not a tax free account, you end up creating more taxable events 

    all types here: day traders, swing trades, folks working jobs, folks trading systems only, folks trading indexes, individual setups, folks trading futures, that's why it's important to define your plan that fits you and ignore information that doesn't fit it. 

    maybe 3% of the website posts on the blog, so it's not really representee of the website subscribers as a whole

    THANKS Matt and Steve!  We

    Posted by skitexas67 on 20th of Dec 2024 at 05:29 pm

    THANKS Matt and Steve!  We appreciate all the trade ideas. 

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