UGh,,, This could very likely be the top to be honest. See the same people who were laughing at the call turning bullish now. Out of longs, will re-asses. Could still be a long from lower, like 2450ish, but unsure.
Did a poll, market participants are heavily bearishly biased. This is a time to be looking for longs, and you are looking to long big time. The edge is definitelly on the long side. Very good odds that we will be going higher. There is no certainty and you should always manage risk, but buying at those levels(2450), and not looking at the market for a few days... Once again, it's akin to picking money from a tree.
That was then and this is now. Market is dynamic and so am i. I am longing those levels like an ape that never heard of risk management. (2430-2450) Jokes aside, my risk is in control, but one should allocate slighly more capital here, honestly. Heavy imbalance in the market, people shorting without a stop loss. 80% are leaning bearish. That's a huge EDGE in itself.
All I know is I’m still holding these puts tight like they were a wonka factory golden ticket. Loving this thread title more and more each day.
Oh there certainly was an imbalance in the market today. Wait until you see the whites of ... err I mean wait until quarterly window dressing is over. Then slam em again.
I sold everything at 2500 here, will buy lower hopefully. Have a scalp short open, but its very low probability and very tight stops. Doubt it works out. I could be wrong and we actually go up now miserable chop right now to be honest, best to have 0 expectations
Holding my shorts. Zoom needs to dig itself out of this hole already....pissing me off. Hopefully didn't buy BA too high...though I have a feeling I may dump it.
Zoom doesn't look too bad right now IMO. Could be a buy here. SPX is choppy as hell right now, if you have a directional biased you will get killed there, which i often do. I could scalp it without bias for good profit, but i often get caught up. Best is to get filled on one of those wicks down and just let it hit your take profit or get stopped out. I cancled the short because it's too low timeframe for the conditions and i have shorted the bottoms before when i got caught up in LTF chop lol. Might even get long.