Scaling in here

Long 3 MES at 2431.68 (June contract).

Looking for a relief rally to sell into. Will buy more if we go lower and am willing to take some heat.

 

We hit 2406. I'd wait for a move up to chase . Very Very dangerous . Most people were fully loaded long and got caught and big margin calls hitting at any price .3 mes is only $150 per 10 pts.

 

Same. Buying initial shares and selling puts to add lower, but we are coming off such a long run up that we can have a second leg way below. I'm also expecting to take heat, but this for long term portfolio. Exciting times.

 

As long as you can handle heat to 2350 you will be fine

 

I can handle another 500 points down...no worries.

 

I have started scaling in also. However, taking heat on the way down. I will not use stops as this is a retirement account.

Alas, I smell a swoosh down to 1850-1950 on S&P 500.

 

I bet we have a relief rally before another leg down.

 

Looks good for a day or two.

 

mr fan27,
your chair has arrived...
https://elitetrader.com/et/threads/trading-chairs.226092/page-12#post-4281704

 

Haha...hilarious!