IvanLabrie
Long

SPY: Brave call - Bottom's in

AMEX:SPY   SPDR S&P 500 ETF
4 months ago
Just want to document this call. I'm long with 20% of my portfolio here.
No hedges now, you can jump in and risk 1% with either a 3 ATR stop loss, or a new daily low if bold.
SPX             cfds are a good option for FX traders who don't trade equities , you may enter here if not in.
Stop at today's low +1 tick is ok.
You can simply go with no stop and size it to fit 20% of your cash in an equities account.

Good luck!

Ivan Labrie.
4 months ago
Comment: The stops are a hindrance at this point, we'll probably see volatile trading, but I doubt we'll go much lower if at all. Holding long term entries and waiting for now. It appears we won't have a clear trend until after the elections, and even then I still don't know if there can be a trend before the December rate hike comes to fruition (or not). If the keeps screaming wolf, but then talking vaguely on each meeting and putting it off and postponing, being data dependent, etc. there probably won't be any clear trending move, and instead we'll continue seeing this mostly choppy trading, contained by a range, both in the short term and in the longer term. Overall, I think buying low, and selling against resistance might be good.
4 months ago
Comment: ***if the FED keeps... (I omitted one word)
4 months ago
Comment: Not too shabby.
4 months ago
Comment: Will average entries once we get confirmation tomorrow.
4 months ago
Comment: Being net long is still perfectly fine:

snapshot
4 months ago
Comment: Terrific!
4 months ago
Comment: Click play...feels good, glad I held patiently.
4 months ago
Comment:
snapshot
4 months ago
Trade closed manually: aaaaand I'm out, closed at 218.96.
4 months ago
Comment: Let's monitor for reentry.
4 months ago
Comment: All time highs as expected, I'll reenter soon.
We still have rather easy upside to 228-229.
4 months ago
Comment: Still on track.
4 months ago
Comment: Long term target:

snapshot
3 months ago
Comment: Short sellers: equities are easier to buy, almost always. I'd reccomend stopping by the KHL chatroom for more insights like this one. We have very few but active collaborators who are eager to learn and apply these methods to reap the benefits of Tim West's research and experience.
18 days ago
Comment: Let's see if we hit the target before another correction.
ropaar
4 months ago
Nice trade, congrats!
Reply
IvanLabrie PRO ropaar
4 months ago
@ropaar, thans, it's way easier to buy SPY when it falls big. You could just do that and make good money.
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IvanLabrie PRO IvanLabrie
4 months ago
thanks~
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keshavreddi
4 months ago
bravo call, keep it up Ivan
+1 Reply
IvanLabrie PRO keshavreddi
4 months ago
@keshavreddi, thanks, good luck with TSLA today.
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ropaar
4 months ago
will follow.
Reply
ropaar
4 months ago
@IvanLabrie Thanks for update. Sure hope there is a pull back before going up more so I can buy. May I ask what you plan is. Thought you have sold your SPY shares. Did you buy SDS?
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IvanLabrie PRO ropaar
4 months ago
@ropaar, no, flat atm, but I have a lot of equity long positions. You can check my collective2 page, although the data is delayed there.
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ropaar IvanLabrie
4 months ago
@IvanLabrie, Couldn't find that page you mentioned. Will keep looking. You think TSLA will not have much of a pull back from this point? Pls keep us posted on TWTR. You insight is highly valued. If there is only one stock to buy, what would you recommend? Thanks.
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IvanLabrie PRO ropaar
4 months ago
@ropaar, check out the key hidden levels chatroom, or contact me privately for information on signals.
Right now, a few names are very attractive, VNQ, OXY, TSLA, LGIH, LNTH, F, GM, etc.
Reply
ropaar ropaar
4 months ago
@IvanLabrie Thank you.
+1 Reply
timwest PRO
18 days ago
Great to see this Ivan - Great job publishing this!
+1 Reply
IvanLabrie PRO timwest
17 days ago
@timwest, thanks, we really nailed this.
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