IvanLabrie
Long

SH: Hedging my portfolio with SH longs

AMEX:SH   PROSHARES SHORT S&P 500
2 months ago
I reccomend purchasing $SPY puts, and/or going long SH at market open tomorrow.
We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account.
All in all, the range expansion validation target failed to confirm the bullish momentum in SPX             , so I'm inclined to revert back to shorting it. We might be soon to validate the $DJIA terminal pattern from related ideas too, lower probability, but still within the realm of probability.

That being said, I don't want to close my longer term fundamental/technical stock longs, so, I choose to protect my exposure with $SPY puts, and $SH longs. All in all, factoring in the dividends, and the speculative shorts and puts, there is extremely low risk in holding the trades for longer, even during this pre-election period and beyond.

Good luck with the BOJ today, and tomorrow with FOMC , trade safely.

Cheers,

Ivan Labrie.
2 months ago
Comment: I bought at 38.45, stop 38.20
2 months ago
Trade closed: stop reached: Stopped. We might break the recent all time high in SPX soon. We have to wait and see, today we have hit the 75% retracement of the recent VIX spike, so we can determine up to what price the smart money has bought the dip.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
selfhigh05 PRO
2 months ago
yeh bought some of these yesterday.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out