yea! its always nice to get that extra nickel isn't it also noticed your buy caused the spx to jump Thanks!...I think
Anyone still considering APR Bull Put Spreads at this point ? If so, what is your short strike? I still haven't opened any and was hoping that Coach opening his put spread last week would have caused the market to drop like a stone (suprisingly it didn't happen .. yet) !
Days like today remind me why even the best stock and trend pickers can fail without a solid money management plan. When you feel there's no way the SPX can go up, it surely surprises you, especially on a blah day like a Monday.
Yeah, now that Coach has gone prop, I have this feeling he won't be as a good a contrarian indicator. There goes our secret weapon
Yup. Wouldn't be surprised if we end up flat at the end of the day too !! Seems the price of oil is being ignored.
Actually you are not interpreting the Coach Contrarian Indicator correctly. It is not based on my CREDIT SPREADS, but on my PARTIAL HEDGES, remember? The marke almost always reverses once I slap on a partial hedge. The credit spreads have not shown such activity . So putting on the bull put spread was not a Coach Contrarian Signal. If I decided to hedge any bear call positions today, then we would see the reversal LOL....
Hey Coach, Now that you are at a prop shop, can you share your impressions and experiences with us. Do you trade from your own office, or are you at a centralized location?
Old saying states that crowd has little common sense but tremendous activity potential There were many periods when price of oil was almost completely ignored and many, when negative correlation of both was almost perfect. Judging by corrections there might be opposite surprise as well.