@DaddySawbucks, Haha you never know in this market anything is possible.
DaddySawbucks
⋅
@WaveAzzReaderz, Historic crashes occur when SP500 PE >30. Current PE = 23.2; going higher. Plain & simple. LIkely another small correction first.
UnknownUnicorn1020621
⋅
@DaddySawbucks, Yes, I am hoping for a small correction which is why I can't execute trades with full confidence at this time. I got a wake up call from shorting shop. I am 100% bullish for tomorrow's fomc, but I will play it safe for now. When I get my setup though, ima go full dumb money mode.
DaddySawbucks
⋅
@WaveAzzReaderz, R/R is extremely poor now; anything can happen at 2PM. Pure gamble now; showed a small gain in position so closed all out, defensive sit on fence. Holding 1k GE long as only position, short 10 01Nov $10 Calls.
Wait; see: no use betting on pure crapshoot.
UnknownUnicorn1020621
⋅
@DaddySawbucks, here is the strategy i am tradin. I played 300 c 18th exp i bought the thing for 1.5 sold at 1.3, rebought at 1.6 and holding cuz yolo lmfao. I feel dumb, but itz cuz of the chop we had. Not having luck on SPX so I am trading TSLA, NFLX, BA, and AMZN where i am making decent money.
DaddySawbucks
⋅
@WaveAzzReaderz, Glad to hear it. Straddle became net profit so I sold it. Sitting on the fence now. Could easily bull from support around 3K IMO.