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Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders, Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time! Trades: 1) CSCO - SHORT @47.39, -0.14% 2) C - SHORT @56.98, -1.02% 3) C - SHORT @56.99, -1% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -2.16% Total PnL for the week: -2.05% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
I Missed The Re-entry :/ - 06/09/20 RECAPHi traders, Losing in one particular stock doesn't mean you should be done with it for the remainder of the day. One deeper pullback got me out of my PTON Long which then offered a really nice profitable opportunity later in the day which I sadly didn't take advantage of and cost myself money! Trades: 1) PTON - LONG @46.23, -1.02% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.02% Total PnL for the week: +0.11% Good trades, Tom | FINEIGHT
NASDAQ:PTON
by Fineight
2
Trade Log NIFTY June 02In my June 1 update, I had said 1. As NIFTY approached 9900, VIX rose and there was strong resistance in the zone. I believe this zone will be tested a couple of times in intra day movement before breaking above. 2. There is not much space for long trade until we clear the resistance zone and close above 9930. 3. I think NIFTY will form a consolidation range under 9930 and try breaking out. I need to watch how low it can go to form the lower boundary of the range. 4. 9700 should be a good candidate level lower boundary. In short, my reading was OK. I anticipated the consolidation to last atleast for couple of days. But NIFTY broke out of 9930, and range is not formed, It took support in 9800 area. My trades today 1. I squared my 9900 CALL for loss start of the day. This was a big loss. 2. When 2nd touch of resistance was touched, I sold 9900 CALL and covered that quickly for profit one first sign of strength. 3. Then on breakout I sold 9900 PUT and covered it for profit end of the day. My observations for the day 1. This rally has its 5th positive day. Today NIFTY closed with 1.5% gain. 2. BANK NIFTY outperformed and closed 2.86%. BANK NIFTY closed right at the key level of 20530. 3. INDIA VIX closed 30.12, 2% down 4. Advance Decline ration was ok 36:14, Not as strong as it could be. But BANKNIFTY can drag it along. My view for tomorrow 1. Tomorrow will be the 6th day of higher highs. NIFTY closed near high of the day and just below strong psychological level 10000. 2. If there are positive global clues, NIFTY can create massive gap and short covering. There is not much overhead resistance till 10383 - 10400. 3. The other thing that I sense is mostly it can do similar thing some consolidation below 10000 and eventually breaking it. 4. Considering BANKNIFTY chart, I am more towards quick break and then continuation of rally on Thursday.
NSE:NIFTYLong
by Observe_Think_Act_Think
CADJPY: In a potential kill zone. This is on the daily time frame. Nobody can predict where price will go or how far it will go in any direction. This means that if one is shorting or going long on this position, one has to expect losses. I always keep losses at the forefront of all my posts. I cannot predict what will happen next. People often ask me for targets. I don't do targets. This daily position can be exploited on lower time frames, with the right skill. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Short
by Captain_Walker
Trade Log NIFTY May 22My trades today. I stayed away from the market for morning session becuase of RBI event. Later when NIFTY broke below 9000, I sold 9100 CALL which I squared off for loss. In my last post I had said 1. I am reluctant to jump on either sides for long term future. For tomorrow, I maintain my bullish bias in NIFTY . 2. I'll change my view when NIFTY drops below 9030-9000 zone. 3. I think tomorrows day may decide the trend for next week. For point 1, Now I am not sure about bullish bias as NIFTY closed below 9050, but did not fell with momentum. For point 2, Yet to change my side. For point 3, I was wrong anticipating today as decider day. From the price action today 1. NIFTY lost -0.74%, BANKNIFTY closed deep in red -2.57%. 2. VIX fell by another -1.84% 3. NIFTY and BANK NIFTY both candles are weak. 4. Advance Decline ratio is 24 to 26. Neutral. I plan to do a detailed post over the weekend about the weekly view, But what I can say, I am very reluctant to go short in this market. I dont know if we can get a decent bounce with momentum, but overall downside looks very slow and weak.
NSE:NIFTYLong
by Observe_Think_Act_Think
3
Trade Log NIFTY May 11About trades today. I sold 9300 PUT as there was a gap up opening above 9350. This position is trapped. I squared off the position for loss. I also squared off my positions from Friday. I hold 9500 CALL. That position is open. NIFTY Opened gap up above 9350 and sustained there for some time, like 30 minutes. But then it was straight down day. So 9340-9440 is a hard to break resistance zone. I have the following observations about today's price action 1. NIFTY has opened gap up and closed the gap. This has happened 3rd time in last 5 days. 2. NIFTY showed follow through on the downside after breaking below 9350. 3. VIX fell little less than a percent. 5. Advance Decline ratio 30:20 , on positive side. 5. BANK Nifty fell down 2%, mostly due to ICICI Bank I read this action as 1. I assume now some momentum is gathered. If NIFTY breaks below 9130, this fall will touch 9000 region.
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY May 5 In my yesterdays review, I made the following points 1. This fall now wont be as unidirectional and steep as the March fall. 2. There will be choppiness with negative bias. 3. 8300 is not short term bottom. 4. The first bounce if any tomorrow will likely to fail. Point 3 and 4 were confirmed by today's price action. I have the following observations about today's price action 1. VIX did not dropped significantly. This means this continuation did not surprise or created fear. 2. The sell off after 1.30 was steep. And there is no climax action today. 3. Bank NIFTY under performed severely. 4. Breadth was not too bad considering the points lost, but banks contributed to the losses. 4. Option writers consider 9400 -9500 unbreakable by May 7. All this means 1. Trend is confirmed as negative. 2. This drop in now entering the choppiness zone of last rise, 9000 - 9150, This is likely to offer first support if any. For tomorrow, 1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news. 2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region.
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY April 29NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one thing to be noted is This breakout still need to be confirmed by spending couple of days more building on this strength and staying above 9400. The overall market breadth was not very strong. 38 Advances and 12 declines. Since large move is made today, tomorrow we may have consolidation. Once again remember overall view on monthly time frame , This is just a first meaningful bounce which can fail anytime. So better to stay light on long positions.
NSE:NIFTYLong
by Observe_Think_Act_Think
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range. Four trades today: 1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43% 2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1% 3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1% 4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1% Total PnL for the day: -1.57% Total PnL for the week: -1.57% Good trades, Tom | FINEIGHT
NASDAQ:SABR
by Fineight
Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.* I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine! Two trades today: 1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money) 2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks. This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go! Last week I ended with +8% so let's see. Fingers crossed ;) How was your Tuesday? Did you beat me? Good trades, Tom from FINEIGHT
AMEX:SPYLong
by Fineight
2
BTC is going to cream everyone then move to the sky.With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see them??? Liquidity for the taking. I will be looking to buy coins around the orange price. Also I will not be trading bitcoin, I will be buying the coins and storing them into a secure offline wallet. Must better to invest in bitcoin for long term than to try trade it. This is long term idea and is NOT a trade but an INVESTMENT.
BITSTAMP:BTCUSDLong
by joebrownFX
7
ATOM/BTC very risky trade for low reward.Hello Traders, ATOM/BTC dont have a profit/loss factor trading, For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk. For atom we can see that the only entry point that make sense is above the 0.00045 sats, and we have a very important resistance at 0.00050 sats, that means our stop will be 10% to have a chance to win 10%, so dont worth the risky that is what we call profit loss factor.
by MarketMinds