Short 1 ES again i couldnt take it only 1 contract this time but im actually going down with the ship.
im out, im just pissing away good money after bad, was up over a k at one point now down to 200 all cause i want to make a hero call lol. Market is just grinding and its cutting me to pieces.
Give it time. Give it time. Remember, the low VIX record broken Wednesday dates to 1993. History is littered with the corpses of ideas about the end of history... For my part, I agree with the basis of your statement, but not the conclusion. The banks are picking up ever smaller gains to get in front of another bank. This chicken will come home you roost. I think the next downturn will make the others look small, but we have a raging bull to charge before we get there. I'll expand on this some when I have a keyboard.
I feel like i have to post the pain with the good stuff, i was very confident ES was going down today i hit it good the first time but only small size then i got chopped up then i shorted the shit out of it, went from up a thousand to about breakeven. Really hard to tell if i know where the ES is going or im just being a stubborn idiot, id tend to lean towards the latter.
Look at CMG lol... $355 Up $5 Anyone who'd short it here is nuts even though it looks so prime. I bet the F'r runs to $360 today and traps em all. Edit: or maybe not.