Sweet Bobby the Super Trader

This will be my 5th time swinging long in a correction in two years, but this latest one was the deepest / per unit time. Those past corrections are the very reason why I did not "overleverage", per se, to prepare for something like this.

What is fuzzy for me now is the range of the movements. I'm not used to seeing a midnight to RTH close like today...1700 points in YM, 190 points in ES, 520 points in NQ.

My hole is not that deep. If you'd like to know, (and which will be reflected in my next journal update) my current positioning is 1 L MNQ Mar at 9600, and 2 L MNQ June at 9751. If I had not learned my lessons of 2018, those would have been in the minis (thus overleveraged), and would have been a pagan blood ritual. For now? Just a bit of pain.

 

Hey Bobby,where is your original thread where you took on all comers..Your threads are a fun read

 

Thank you, taowave. Here’s the link:

https://www.elitetrader.com/et/threads/karen-the-supertrader-tastytrade-hybrid-experiment.300013/

 

I visit this journal for a second and I see they throwing rocks at the throne!

 

I’m sitting like a sniper ready to take my shot. The account is all in cash, and conditions are not favorable to put on a new trade. I really want to get in quick. Patience can be the hardest part of trading, would you agree?

 

I have an ominous feeling about the markets tomorrow and Monday . . . anyone else? I'm not sure if I'm seeing any good news anywhere. I try not to follow the news, but just a review of the headlines makes you sick.

We shall see. Happy trading, all! Have a good rest of your weekend.

 

not sure if I feel ominous.. I don’t feel a godamn thing lol

Like you’ve said many times before.. be reactionary.. if the market drops 100 basis points then adapt to that movement and so on

 

If it drops that much, I may be up over 200% for the year!

 

Welcome fellow swingers.

Us swingers should have the last laugh once them pro boys stop shaking the trees.

In the mean time, hang in there and take longer swings.

 

Never fear! While all you mere mortals are drinking Old Milwaukee and watching NASCAR, I'm over here monitoring the markets and adjusting risk accordingly. Remember when so many of you would wish me luck on days like today? You would hope that my account would blow up? Remember?

So, I closed 2 of my short puts and 2 of my long puts to make sure that my ratio is below the golden ratio. Now, I'm sitting pretty and I hope the market continues to plummet. Happy Trading All!

Sweet B