Some really nice calls again NQ. I started following your advice, ordered some books and bought the Al Brooks vids. Not expensive money wise but time wise after watching a couple of vids I am afraid it will be.
That's what I'm trying to determine. It's right on top of 50% retrace from recent highs to this mornings low. @NQurious - Seems it hit most of your EOD parameters for a rally extension into tomorrow. I did notice you were hoping it didn't run to hard though. Does that solid run all the way into the close make you tentative on tomorrow's upside possibilities now?
How long does it take someone to go to college and med school and then internship then surgical residency to become a full earning surgeon? Learn to do this and you will make more than him.
I am convinced that you are right about that and it can be done. The wife is not so enthused. I am getting better though. Lately I have been able to report to her of making more in an hour than a week of the day job. She may come around yet.
Just makes the options more expensive closing like it did. A nice lazy range or a bit of a pullback would have calmed the premiums a bit. It is what it is. Makes me hope for a gap lower tomorrow (I think ti will e bought no matter where it gaps). We will see. Anything can happen, and it always does. It is just a set up and not a call. Has to trigger. A strong close is bullish when in an uptrend. It might, but I'd really like to see it gap down a bit ... 20 to 30 points lower would be beautiful if it rallies from the opening range (first 15 minutes or so). The set up is if SPX takes out today's high and trends up, it should trend long an strong. But if it gaps open 100 points it might not go anywhere.
It is done regularly by about 5 people out of every 1000 who try. I may be overestimating the success rate by a bit though. The real money isn't futures though - the real gas, it seems to me, is options. I'm still very much a novice and a work in progress there but the more I do the more I really enjoy them - especially using them for swing trades - even intraday swings. I'm studying The Options Trader Handbook by ET's very own @El OchoCinco ... Anything worth learning takes time and effort.
are you studying the SPY weekly options.? the right ones double-8X every intraday swing...this is what I'm learning about