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03-01-2022, 03:07 PM
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#3406
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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+39.25 points, or $1,962.50 profit per contract...not too shabby for 5.5 hours of "work"
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03-01-2022, 03:12 PM
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#3407
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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I may attempt to reshort...because I probably got suckered out there...
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03-01-2022, 03:16 PM
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#3408
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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SHORT ES @ 4309 stop @ 4326.50
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03-01-2022, 03:18 PM
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#3409
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Even if I lose this trade, I'm still up over 20pts on the day...I can live with that
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03-01-2022, 03:50 PM
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#3410
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Yeah, reshorting definitely was the right call...lol
At lows of day
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03-01-2022, 03:57 PM
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#3411
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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And just as I submitted that last post, the futures ROCKET UP 20 points...LMAO
Amazing the mental fortitude one needs to trade in a volatile market.
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03-01-2022, 04:42 PM
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#3412
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by PaceAdvantage
SHORT ES @ 4309 stop @ 4326.50
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Quote:
Originally Posted by PaceAdvantage
Even if I lose this trade, I'm still up over 20pts on the day...I can live with that
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I need you to tell me the catalyst of this play....I'm not picking on you, just want your thinking here....Thanks.
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03-01-2022, 04:58 PM
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#3413
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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The catalyst was I saw it go all the way up to 4326 then drop back down to the 4310-4311 area...I also saw my volume indicators (that I have yet to allow to fully dictate my exists, and thus have left a lot of money on the table) tell me there's really no reason to exit a short yet...so I re-shorted.
Didn't really work out...but didn't hurt me either.
The trades I have posted here are part of a discretionary group of setups I've been cataloguing.
I also have an automated system that I do not post here...
Last edited by PaceAdvantage; 03-01-2022 at 05:01 PM.
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03-01-2022, 05:00 PM
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#3414
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Quote:
Originally Posted by PaceAdvantage
SHORT ES @ 4309 stop @ 4326.50
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COVER @ 4310
Lost 1 point
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03-01-2022, 05:00 PM
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#3415
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Total profit for the day 38.25 points
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03-01-2022, 05:01 PM
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#3416
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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We are headed for all time high prices on crude oil.
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03-01-2022, 05:04 PM
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#3417
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Quote:
Originally Posted by ReplayRandall
I need you to tell me the catalyst of this play....I'm not picking on you, just want your thinking here....Thanks.
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BTW, this trade I lost 1 point on was up something like 34 points in its prime...lol
Gotta love volatility
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03-01-2022, 05:08 PM
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#3418
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Quote:
Originally Posted by PaceAdvantage
Total profit for the day 38.25 points
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So that's four trades posted in this thread. Complete with entry & stop.
3 of 4 were winners....one for 40.75 points profit, one for 60 points profit, one for 39.25 points profit, and one for a 1 point loss on the E-Mini S&P futures contract.
Total profit = 139 points or $6,950 per contract (minus negligible commissions).
Look at what I do for you guys...for free!
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03-01-2022, 05:14 PM
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#3419
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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PS. I still think this market looks very shortable right now...
my views on going long and short change within hours, if you haven't noticed...remember, I usually don't hold longer than a day...so unless I specifically state a longer time frame, my outlook is based on hours, not days.
Last edited by PaceAdvantage; 03-01-2022 at 05:16 PM.
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03-01-2022, 07:56 PM
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#3420
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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I wonder if the SOTU address will provide a nice shorting opportunity...timing might be right
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