Pretty annoyed with myself because I got nailed over the last couple days when there really wasn't any need. The market did as I'd first expected it to do and I just got caught up in little bluffs along the way.
Anyway, built up a swing short position in indices during the rally.
Now also trying tighter stop ones again:
Short 3770
Stop 3796
Target 3360
Built up USD longs and also now trying tighter stops in these just above the last high.
Going to take a broad crypto short again. I think this might have been he dead-cat and we may see this down 30 - 50% again. Thinking of a target close to 10K in BTC but will also trail stops along the way.
Starting to take fairly aggressive options bets. Some deep OTM puts and some of them for short timeframes. I think a move of 10 - 20% down will come if bears hold these levels we're at now (3770 - 3790). I have these offset with short call spreads so I do not fall foul of theta if we range for a while or just trade flat for a long time.
Pretty annoyed at myself I was not long the rally. Cant say I'm not. Bought at good points and got spooked out at bad points. But what's done is done, we're into the short fill zone.
Over 3850 the bear thesis as it stands would fail. I'd probably still remain a long term bear but much more likely be a short/mid term bull.
Positioning strongly while we're 3770 - 3780. I think if a crash is coming this may well be the spot in which it is de to start.
See below previous plan (That I should have followed).
And I think if the capitulation is coming - it's coming soon.
Anyway, built up a swing short position in indices during the rally.
Now also trying tighter stop ones again:
Short 3770
Stop 3796
Target 3360
Built up USD longs and also now trying tighter stops in these just above the last high.
Going to take a broad crypto short again. I think this might have been he dead-cat and we may see this down 30 - 50% again. Thinking of a target close to 10K in BTC but will also trail stops along the way.
Starting to take fairly aggressive options bets. Some deep OTM puts and some of them for short timeframes. I think a move of 10 - 20% down will come if bears hold these levels we're at now (3770 - 3790). I have these offset with short call spreads so I do not fall foul of theta if we range for a while or just trade flat for a long time.
Pretty annoyed at myself I was not long the rally. Cant say I'm not. Bought at good points and got spooked out at bad points. But what's done is done, we're into the short fill zone.
Over 3850 the bear thesis as it stands would fail. I'd probably still remain a long term bear but much more likely be a short/mid term bull.
Positioning strongly while we're 3770 - 3780. I think if a crash is coming this may well be the spot in which it is de to start.
See below previous plan (That I should have followed).
And I think if the capitulation is coming - it's coming soon.
