You can go through my posts and see some of the trade numbers. Having a trailing stop doesn't make a swing trade. I've been maxed out at 1.5 NQ ( 1NQ + 5mNQ), Generally, I DO NOT carry over night. However I have 9 minutes to maybe make an exception for this weekend. I am currently long 1 NQ, with a covered call option @ strike 13340 @56 ( currently 64), so am hedged a bit into Sunday eve. Here are the current results: I'm up almost 300% YTD ( yes, ~4x balance from Jan 2023). Commission is running ~4%, which is grossly high.
so u are holding 1 nq going long into the weekend and also 1 cover call option. That 1 cover call, is that when you selling it and collecting premium? How much premium u collecting? Would I mind posting your transaction trade screen u did today?
You're starting to look like a bit of a Stud Vinnie. That Sim paved the way for you perfecting your Strategy? Doordasherer Superstar, Condo Prez, Gun Day Trader, I'm getting impressed.
I did post all that info above, but I'll break it down here. Yes, I sold a call with a strike of 13340 for 56.25. 1 contract of NQ is $20/pt. 1 NQ option is also $20/pt so 20*56.25=$1125. I "protected" my position with a 56pt "cushion" for Sunday's open through Monday's session. Normally I am looking for short plays when the NQ is trading below its 50sma on the 60min chart. So I was short in the morning, but wasn't able to capture any significant moves. I tried to reshort during the bounce at 8am, but had price tgt missed by 3 points before NQ moved siginifcantly down, was a bummer for me. Anyhow, late day on the 15min chart though, signal to me to go counter trend. If you take a look at 15min chart, a lot of long traders would have stopped out below 13318 which was previous low of the day, normally that would have accelerated the selling especially on a Friday, but for an hr it kept crossing above (giving signs the selling is abating), risk reward seemed good so I took it and was lucky it proved to be the right call. Bought NQ around 11am after it had made a new low. I used 5min and 1min for the trigger. Pull up a 1 min chart and you can see why I bought it there. A really great, keen trader though would have been able to take 3x20pts in that hr between 11am-12noon and take it more all the way to the close. I'm not that good so I opted for a 12 pt stop, and initial tgt somewhere ~13370 which was the previous 15min high. It's a bit of a coincidence that the close was right at that level too. I ended up selling the call at around noon since the action at the time suggested we may have peaked with NQ around 13340's and the premium was too great to not do it.
i'm talking about transaction page like this one. can you post this transaction page from all the trades you took yesterday?
i want to ask u something since u are Todd’s bff. Why does he post on this thread and try to stalk me but when I come back I don’t see what he type?
BFF? lol Dest has taken a self imposed Sabbatical. I hope he comes back, not just for the entertainment he (and you) provide. https://www.elitetrader.com/et/thre...-been-disabled-for-years.374171/#post-5806714
knowing Todd. I don’t think he can quit cold turkey. He is addicted to stalking me. As you can see in the previous screenshot. He reply and then probably deleted the comment. I’ve gotten several email like that yesterday where he posted in the same thread as me and when I go to check, nothing is there. I gave this mofo a week or 2 before he will be back.
Well, in Dest's (hopefully short term) absence, it is up to you to entertain us with tales from the streets of New York City - Reminiscences of a Modern Day Renascence Man.
as for me...yesterday was pretty uneventful day for me....i believe i made around a few hundred bux shorting the stonk market and $10 doing door dash. then i call it quit around 2 pm est and play hooky from work since no one was at the office. i went to bryant park nearby and play some out door ping pong for the rest of the afternoon. beautiful girls walking around with short skirts everywhere. summer are right around the corner. life is a beautiful. what else can you ask for?