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Old 10-26-2022, 12:33 AM   #46
Rex Phinney
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Tomorrow the 26th is going to be ugly.

Friday the 28th (after Apple Earnings) will be worse.

New low will be in by end of Day Friday. Hold on to your dicks boys.
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Old 10-26-2022, 09:12 AM   #47
BroadwayJoe
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Tomorrow the 26th is going to be ugly.

Friday the 28th (after Apple Earnings) will be worse.

New low will be in by end of Day Friday. Hold on to your dicks boys.
it was due to happen.....


cost cutting will ramp up....

job losses will happen....

right before the holidays....

perfect timing.....

unless we get a "surprize"
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Old 10-26-2022, 11:52 AM   #48
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At some point today...it's likely I will try and short RTY...stay tuned
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Old 10-26-2022, 12:16 PM   #49
Rex Phinney
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At some point today...it's likely I will try and short RTY...stay tuned

Seems like a solid plan
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Old 10-26-2022, 12:58 PM   #50
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At some point today...it's likely I will try and short RTY...stay tuned
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Old 10-26-2022, 12:59 PM   #51
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SHORT RTY @ 1825.70
stop @ 1844.50
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Old 10-26-2022, 01:00 PM   #52
BroadwayJoe
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Seems like a solid plan
RTY is the Russell right...?

Looks like your opportunity was at 12:30


might start creeping up now

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Old 10-26-2022, 01:13 PM   #53
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SHORT RTY @ 1825.70
stop @ 1844.50
Winner?
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Old 10-26-2022, 06:06 PM   #54
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Not quite sure what you're trying to say...lol

Short still on...up about 10pts at the moment...will probably bail before the clock strikes midnight
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Old 10-26-2022, 07:01 PM   #55
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Not quite sure what you're trying to say...lol

Short still on...up about 10pts at the moment...will probably bail before the clock strikes midnight
I thought it got to 1823
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Old 10-26-2022, 07:40 PM   #56
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it got to 1809 at one point...so?

My profits are dwindling...only up 3.5 points now...lol
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Old 10-26-2022, 07:41 PM   #57
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I thought it got to 1823
This was the trade

SHORT RTY @ 1825.70
stop @ 1844.50

Do you not understand the trade?

What does 1823 have to do with anything?
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Old 10-26-2022, 08:27 PM   #58
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This was the trade

SHORT RTY @ 1825.70
stop @ 1844.50

Do you not understand the trade?

What does 1823 have to do with anything?
need to learn more...not an options guy
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Old 10-26-2022, 08:30 PM   #59
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need to learn more...not an options guy
this isn't options

it's straight up regular trading

i shorted a share (well, in this case, a futures contract, which acts just like a stock)

that's it...we've been thought this before

Nothing special about this. Basically the same exact thing as shorting SPY or any stock or any ETF based on an index

This particular contract moves in .10 increments...and each tick (or dime) is worth $5 in profit or loss per contract.

So if it moves up 1 point (10 ticks per point @ $5 per tick) and you are long, you make $50 per contract
if it moves down 1 point and you are short, you make $50 per contract

There are other unique rules, like day trading margin ($500 per contract) and overnight margin (around $6,000 per contract if I recall for RTY)

But it's basically the same as trading stocks in terms of the mechanics
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Last edited by PaceAdvantage; 10-27-2022 at 03:34 AM.
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Old 10-26-2022, 11:58 PM   #60
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SHORT RTY @ 1825.70
stop @ 1844.50
Short Covered @ 1822.60
P/L = +3.10pts

Record = 4 for 6 | +60.80pts | +$3,040 per contract
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