I'm a very high risk trader and don't want to give anybody crazy ideas, but here's a conservative one:
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Around 239.80 SPY is where I'll start ignoring the bull flag, but for now there's nothing bearish; however, I would not stay long unhedged and exposed here.
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I think the skill and the art of scaling in and scaling out while removing the time factor from our minds is a huge deal. If you agree, stand up and jump 3 times.
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feel free to comment on the ideas - I'm not biting or scratching, a pretty easy going cat most of the time unless they hide alcohol form me
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anticipating another drop here, but run your own trades
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There's the market consensus there saying that 2405 feels kind of high atm. This might change but it's all we have to go off at this moment. Philosophy if nothing else I suppose.
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going flat, can't take this anymore
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shut down my futures for today, 8 points for so much work is crazy, options are cooler and you can play the both directions concurrently :)
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4 hr chart SPX deserves a close look, lol, I'm done for today.
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I threw out the words like "going long" or "going short" from my vocabulary. Instead, I go with the "accumulate", "scale in", and "scale out". I also use the word "bias" a lot. Be careful with whom you hang around. Big lol.
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long bias and accumulating cautiously (scaling in) from here (2370 SPX or 237.30 SPY); keep in mind we still might close the gap on SPX
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no smart trader can take a rigid position after such a strong move; what we can do is cautiously position ourselves; time and emotions are out the window here
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i hope we can build a team here with those who share my views and approach
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I'm both long and short here (2:1), trading with options, the futures are on hold until I see some crystal clear opportunity somewhere (scalping only). My risk is very small.
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I'm done updating for today - need to take care of business. I've invested in team building.
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I had to come back one more time:
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I hedge and play the both directions. My risk is small and my positions are flexible. You can't do that with the futures.
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Just yesterday everyone was bullish, but today they're super bearish. How about some cool-headiness?
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time to make a short call was yesterday before the close, not now, lol