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It's taking all my willpower not to load calls here. For the record I expect tomorrow to be an up day. I expect SPY to gap up and go above $270. I am not buying calls though. I go into tomorrow with no position.
This is my post from last year:
February 14th, 2017.
I think 270 tomorrow. Seasonality. It's the middle of February, prime time for the market to get bought upward. What else could we reasonably expect to happen besides going up.
Not CNN news headlines, or Trumps tweets. 99% percent of Trump daily drama has no impact on SPY whatsoever. Trading the charts is what should done in my personal opinion. Overbought oversold RSI moving averages, chart patterns and other indicators are helpful to trading. What Donald Trump says on any given day should be completely ignored from a trading perspective. Once again these are my personal opinions and you are free to disagree and to attempt to trade on Trump headlines or stuff related to trump.
Good trade.
Completely meaningless to trading, in my opinion.
Sold calls at $3.70. Done for the day.
Bought calls, February 14th $262C at $3.22 for a daytrade.
I'm bullish right now. It's the second week of February. High chance SPY goes up this week.
Scalped puts and calls for some coins today. What a great day.
200dma fight we need buyers here to turn the tide.
What is the PPT doing about this?!
I think $257 close.
I just noticed that the timing of this correction coincides with the end of Janet Yellens tenure as chairman of the Federal Reserve. Did Jerome Powell make any public statements about what he plans to do that could of spooked the market and caused this?
Sold at $3.55.
$260 being propped up hard. It wants to drop.
Bought puts Feb 9th $262.00P at $2.51. Daytrade.
Last year was an example of a normal bull market. There was decent periods of consolidation throughout the year as SPY continued to make new highs. Last month they went too far though. But there's no reason for a real correction to happen at this time, nothing substantial has occurred economically. The market's long term trajectory remains intact. I think we finish the month higher than here.
Yes it's completely reasonable for it to gap up, IMO next week the market will calm down. This isn't the start of any prolonged period of high volatility. That unreal serene melt up last month is what precipitated this. SPY was priced too high. Now we are seeing price discovery. I think things will settle down within a matter of days.
I want to buy calls, but options prices are too high. February 9th $264.00C selling for $4.60. Only a fool would pay that.
I would short VXX here, If I were to do something today.
I'm not trading today.
Not surprised by this. The January move was way overdone.
So it is the first day of February. What we've seen and what has proven to be consistently true is that every first 2 weeks of February the market goes up, in a parabolic way. I'm tempted to just blindly buy calls just because. The curveball is, the big rally of January. Does the market have room to run here after what happened last month?
Ok so what trade should I do now based on that.
If trump gets indicted or something serious then it will be an impact on trading, right now it's just tabloid speculation. You can't trade off that.
The FBI investigation of Trump is irrelevant. You could talk about it all day but right now it's not doing anything to SPY. When that changes, it can be discussed here. Right now conversations about it are off topic and will be removed.
Sold my puts, $281.50 is solid. Looks like its going back to $282.60 possibly by close. Day over for me.
Finger on the sell button, will dump puts on another 282 bounce.
idk I'm kinda thinking calls here would be the better choice, $281.50 strong support, I could see an EOD bounce back to $282.40.
Not true. I would just PM you but I have a free account, PM your email address and we can talk about it off board.
"TL" bro can you tell us something meaningful about whatever method you are using to trade or in the future I'm going to have no recourse but to delete similar posts. I have no negative feelings towards you but we have real money on the line here and we're trying to trade seriously, if you can provide us with more info that would be helpful or else it's off topic.
no new LOD today and I was wrong. but I'm not here to "prove" anything. If I'm wrong that's fine.
yeah we could see a new LOD. Gonna hold the whole day.
I got rekt.
Bought puts on this bounce back above $282. Jan 31st $281.00P for $0.91.
falling knife right now, I'm looking to scalp a put trade.
Sold at $11.00.
unfortunately, I did not.
1/26/18 $280C went for $0.02 at the beginning of this month, and finished today at $6.51.