The S&P has topped

Discussion in 'Trading' started by volente_00, Mar 1, 2017.

The S&P has topped

  1. Yes

    39.0%
  2. Hell no you are smoking crack

    61.0%
  1. Pekelo

    Pekelo

    Yes dear, yes, we are... :(

    This trade is going down in the annals as one of the most stupid ones. We are talking about Surf Report imbecility here. Being short from 2386 and having a paper profit of 40 points, just to let it ran 80 points against you, that is tremendous stubbornness.

    By the way I am calling a top here, if not for the year, but for the summer at least... Based on the dragon and shit...

    I see you adjusted the stop so you might just get lucky here, you have 6 points of wiggle room. That doesn't change anything about the evaluation of the trade...
     
    Last edited: Jun 1, 2017
    #711     Jun 1, 2017
    bone and noddyboy like this.
  2. You are calling top here for the summer lol given the news energy stocks will be on fire and this is before the tax cuts.
     
    #712     Jun 1, 2017
    bone and Michael.jstocks like this.
  3. volente_00

    volente_00


    Added to ES short at 2427.75


    Shorted June spy 243 calls
    avg is 1.54
     
    #713     Jun 1, 2017
  4. bone

    bone

    These macro market timing calls have such shit risk/reward. Just not worth it IMO. Adding and then widening stops out has transformed the OP's thread into an ongoing hubris arguement in lieu of a rational and objective view of market behavior.

    That's my take FWIW.
     
    #714     Jun 1, 2017
  5. Why not wait until after NFP comes out tomorrow morning?
     
    #715     Jun 1, 2017
  6. i take it you are joking I fear for your solvency.
     
    #716     Jun 1, 2017
  7. Pekelo

    Pekelo

    I have a pretty damn good record with my predictions, so please lol in September, not beforehand...

    Not to mention I call whatever I want whenever I want to...
     
    #717     Jun 1, 2017
  8. Can I lol now given the overnight action?
     
    #718     Jun 2, 2017
  9. bone

    bone

    Oops.
     
    #719     Jun 2, 2017
  10. #720     Jun 2, 2017