You should be happy about that. If you are that confident, you should open up a big short position. I won’t mind taking your money
I’m curious too, but I do think it’s silly to call him to the carpet on it. We are all wrong at times. I just hope he’s not shorting this, and has been stopped out- for his sake. For sure the diamond top is nullified.
This may surprise a bunch, but b1s1 also is. I was pretty sure he was schooling everyone here without you all realizing it. Some recent posts call that into question for me, but if he’s actually trading what he says he is, it would be tough for him not to be up 50% on the year. That’s pretty aces.
stalling out...looks like stalling out to me brup,bruppp brup brup engine failure? lets glide back to 2900
Without knowing position and account size it’s impossible to know his actual return. He is really just long the s&p 500, we don’t know if it’s leveraged or not. If he’s long 5 cars in a $2,000,000 account with the rest in cash he would be underperforming the benchmark. No one knows and none ones business.
Turn this thought into a trading strategy so it doesn't impact your intraday ES trading. I'm also in the boat expecting a 10% snap correction at some point before end of the year, so here is how I'm trading it. Allocate 1% of your trading capital every two weeks to buy deep out of the money QQQ puts and VIX calls. Tomorrow I'll be putting on my second one of these. My first using QQQ SEP 07 176 puts and VIX SEP 11 25 calls is going to expire worthless. I plan to put this on up to 10 times the next 5 months until the correction hits once. A planned 10% capital outlay. But its impossible to predict these corrections with any accuracy, so you need to plan this trade until one does hit, if it does at all. If it hits earlier in my planned 5 month cycle, I'll make out nice on the trade. What I will be adding tomorrow: QQQ SEP 14 180 Puts @ .40 VIX SEP 18 24 Calls @ .20 5 QQQ puts for every 1 VIX Call. Select QQQ puts about 5% below the last high expiration 2 - 3 weeks out. The snap corrections usually take about 10 trading days to fully play out and will usually only go about -10% deep at its lowest intraday level, but the price you will need near expiration is a drop of -7% to make a 10 to 1 profit margin on QQQ puts. So a QQQ snap correction needs to settle out around $174 from here for that 10 to 1 profit margin to be hit on this next tranche. The VIX Calls are just a pure gamble cause even with a snap correction no telling where the VRO settlement will end up at expiration. They expire on Wednesday like at 9AM with the VRO settlement. When these corrections occur they tend to climax on Monday / Tuesday after the public figures out there has been a big drop in their portfolios the previous week. So with some luck the VIX spikes early the next week to get some profit on those VIX calls. The upside is this can be a stupid big profit for corrections This approach can also be used by BTFDers pyramiding long positions on each pullback as a hedge. Take a portion of you latest unrealized gains to set these up to protect against the dip turning into a correction.