SPX Credit Spread Trader

Discussion in 'Journals' started by El OchoCinco, May 17, 2005.

  1. cdowis

    cdowis

    I see a 1295/1325 channel. I see 1325 going from resistence to support.

    A few questions on open positions I hold today:

    Would I open that as a new position today?

    Would I prefer to be long or short that position? (If I were long/short, would I be worried.)

    Finally, do I feel comfortable stepping in front of a bulldozer to pick up a dime/dollar?
     
    #6111     May 8, 2006
  2. ready

    ready

    Hello
    I am A newbie Follow every day
     
    #6112     May 8, 2006
  3. You are clearly not connecting the dots. We'll try not to jump on you for being a newb. :p
     
    #6113     May 8, 2006
  4. LMAO. Wonder who it could be. Someone has too much time on their hands :D

     
    #6114     May 8, 2006
  5. piccon

    piccon

    Beautiful channel. My position is at the bottom of that channel

     
    #6115     May 8, 2006
  6. ready

    ready

    The market is so dead, Thought it might be funny.
     
    #6116     May 8, 2006
  7. Actually I rode that channel a few times, going long at the bottom and then watching it on top.... I tried to stay in the position as long as I could before the breakout and then simply covered and looked for an entry later on when I was refreshed..


    :D
     
    #6117     May 8, 2006
  8. ready

    ready

    Hey Coach
    Very nice analysis
     
    #6118     May 8, 2006
  9. nlslax

    nlslax

    Now I know why Donna is avoiding us... :D
     
    #6119     May 8, 2006
  10. cdowis

    cdowis

    Jun 1380/1360 call
    1230/1260 put credit spread in SP.

    Market looking bullish, so considering move the 1260 to 1280 put before Wed.
     
    #6120     May 8, 2006