Current thoughts. 1 Its scary up here naked long. I'm feeling heat, like market can drop. 2. I should re-hedge on the short side. 3. I'm also confident about the position though, its a solid one, But when market drops, confidence goes out the window. 4. When market moves to lets say 1207 , I would like to rehedge ES contracts. 5. Value is better here, but on the probability level, its a bullish week. 6. Pattern must complete for the stock, 4 relatively up days, COMPLETE So we can get out of the market .
1/2 Short hedge ES 1206.75 purely hedge, I don't want this market to fall. --------- 2 hours till market open price prediction poly -> rocket up if market stays flat (green) or UP b. doesn't break yesterdays low (hopefully) c. hits 33.90
Add 1/4th Short ES -------------- Total 3/4th Short ES. Yes I be scared , hopefully the market goes up. If stock goes up , I want to add 1/3rd more.
ADD: i buy some poly 32.02 edit: small bit -> medium bit 310k total ------ ADD 1/4th ES SHORT TOTAL 4/5th ES short.
God looked at me and laughed. Luckily god was still on my side, so I be hedged short ES + with stocks that didn't move. yea! Trust me , I be scared shitless Wheres my Passion of christ movie, I must pray to it and run outside and buy a small buddha statue. pray pray!
market about to do a reversal hopefully, really in about 30 minutes well its already started, hopefully it continues. -> I lowered/removed 1/7th of my position today (part of the add today)
today adds new experience to my toolbox heres what I could have done better: a. Don't be greedy during uncertain times, stay safe and be balanced + a little more on the bias days. b. when market starts dropping to 1% and theres no support, lighten up a bit. What I did right: a. I did watch the ES market this morning, and the price pattern was bearish . Good job. b. Kept it relatively balanced. Good. c. Chose the right stocks. Good. Trading right = Is relatively low risk trading. ---------- * I completely removed the add I did earlier today on 32.02 on 31.85 * time for the market to go up. lets get going. to the market gods