Greg, I think your assumption of a "post election rally" is dangerous and highly underestimating the risk of a contested election, causing serious doubt on everything, more specifically any stimulus which we ALL KNOW is the ONLY thing that will get us a rally. No matter WHO wins, etc, HALF of the country will be in a rage. Period. If you recall, the debt market showed NO SIGNS of an issue BEFORE the pandemic. The debt market is no longer a valid symbol for anything. Everything right now is PRICED IN with massive stimulus. I would be really careful in ASSUMING that it is coming, anytime soon. Bottom line, CHAOS is what is the short term goal. No stability is coming. Ask yourself the question, "what outcome of this election generates the MOST CHAOS?" If you answer it honestly, I think it becomes pretty obvious. Volatility is just getting started. Just my two cents. Personally, I'm glad I'm not in ANY trades right now and won't until AFTER the election and the chaos becomes obvious to everyone.
Market doesn't like uncertainty so we will se relief rally, but ! if Trump will be loosing and decide to re count bailouts like it happened before market will fall like fallen knife. What market wants - vaccine and no lock downs + stimulus. I don't expect ATH until that time.
I think the only way we see a relief rally is if Trump wins and Biden concedes Tuesday night. Then the politicians can continue working towards a stimulus package rather than focus on a contested election. The likelihood of that is pretty low. In addition to the uncertainty of the presidential election, there is more talk/fear of coronavirus lockdowns. Is anyone buying volatility indexes today? How are you playing that? I have never bought a put before. Best to buy puts on SPY/QQQ, calls on a volatility index, buy the volatility index? Thankfully I am not in any trades right now either.
BOT +1 QQQ 20Nov2020 Put 125 Strike @0.03 10/30/2020 9:01am. I had 5 bucks sitting in my account so I figured I might as well put it to use. If the market wants to tank for a few days/weeks at least I'll get something out of the drop.
I've been stacking since 2012, I've learned to dollar cost average and always keep cash for a crash. I loaded up at 11. It's a little harder with the premium these days
Wow! You did great! I did most of my loading at $15 and then again at $24. $11 bucks was a long time ago, but I bet you're glad you listened to yourself when you told yourself you needed to buy some silver at $11.00 huh?
So the dollar is bull flagging on the daily chart. Today it will either bounce off support and keep gaining, or it will lose support and the sell off is over. Be careful today and keep an eye on the dxy
Relief rallies and dead cat bounces will be minimal, I am on my first batch plus some, about only 25 % invested, I am always really careful, and I entered trades after the big drop on Wednesday
That's great dude. Sounds like you are a trader who has learned his lessons over time. lol. I started a "Trading Club" with my neighbors and I trade my own personal account also. I asked my trading club members what did they want to buy and they said AAPL. I told them I wanted to wait until price decided to go north or south of that bullish pennant price is in right now before we commit. They were adamant....strike now (yesterday) so I did. We actualy made a profit of 8.33% yesterday, but now we're down 36.90%. I'm not panicking, it has a 19FEB 2021 expiry on it. I know The FED will come and rescue me with an injection of welfare funds soon enough. Hahahahahahahahahahaaaaa!
If you keep your total capital allocation at 25% or so you will live to see another day. Keep talking about how you trade. It can help new guys immensely.
Greg, I think your assumption of a "post election rally" is dangerous and highly underestimating the risk of a contested election, causing serious doubt on everything, more specifically any stimulus which we ALL KNOW is the ONLY thing that will get us a rally. No matter WHO wins, etc, HALF of the country will be in a rage. Period. If you recall, the debt market showed NO SIGNS of an issue BEFORE the pandemic. The debt market is no longer a valid symbol for anything. Everything right now is PRICED IN with massive stimulus. I would be really careful in ASSUMING that it is coming, anytime soon. Bottom line, CHAOS is what is the short term goal. No stability is coming. Ask yourself the question, "what outcome of this election generates the MOST CHAOS?" If you answer it honestly, I think it becomes pretty obvious. Volatility is just getting started. Just my two cents. Personally, I'm glad I'm not in ANY trades right now and won't until AFTER the election and the chaos becomes obvious to everyone.
Market doesn't like uncertainty so we will se relief rally, but ! if Trump will be loosing and decide to re count bailouts like it happened before market will fall like fallen knife. What market wants - vaccine and no lock downs + stimulus. I don't expect ATH until that time.
I think the only way we see a relief rally is if Trump wins and Biden concedes Tuesday night. Then the politicians can continue working towards a stimulus package rather than focus on a contested election. The likelihood of that is pretty low. In addition to the uncertainty of the presidential election, there is more talk/fear of coronavirus lockdowns. Is anyone buying volatility indexes today? How are you playing that? I have never bought a put before. Best to buy puts on SPY/QQQ, calls on a volatility index, buy the volatility index? Thankfully I am not in any trades right now either.
Not sure if Trump loses and concedes that we will get a stimulus package before Biden takes office. What do you guys think?
it is absolutely right, looks like Gregory is a pherma bull that is very dangerous
BOT +1 QQQ 20Nov2020 Put 125 Strike @0.03 10/30/2020 9:01am. I had 5 bucks sitting in my account so I figured I might as well put it to use. If the market wants to tank for a few days/weeks at least I'll get something out of the drop.
I shorted slv today and the pride is long. I hope I'm wrong. I have a lot of stacked shiny anyways. I would hedge now if your thinking about it.
I just got my new shiny's two weeks ago. Keep stacking, don't stop.
I've been stacking since 2012, I've learned to dollar cost average and always keep cash for a crash. I loaded up at 11. It's a little harder with the premium these days
Wow! You did great! I did most of my loading at $15 and then again at $24. $11 bucks was a long time ago, but I bet you're glad you listened to yourself when you told yourself you needed to buy some silver at $11.00 huh?
So the dollar is bull flagging on the daily chart. Today it will either bounce off support and keep gaining, or it will lose support and the sell off is over. Be careful today and keep an eye on the dxy
Relief rallies and dead cat bounces will be minimal, I am on my first batch plus some, about only 25 % invested, I am always really careful, and I entered trades after the big drop on Wednesday
That's great dude. Sounds like you are a trader who has learned his lessons over time. lol. I started a "Trading Club" with my neighbors and I trade my own personal account also. I asked my trading club members what did they want to buy and they said AAPL. I told them I wanted to wait until price decided to go north or south of that bullish pennant price is in right now before we commit. They were adamant....strike now (yesterday) so I did. We actualy made a profit of 8.33% yesterday, but now we're down 36.90%. I'm not panicking, it has a 19FEB 2021 expiry on it. I know The FED will come and rescue me with an injection of welfare funds soon enough. Hahahahahahahahahahaaaaa!
If you keep your total capital allocation at 25% or so you will live to see another day. Keep talking about how you trade. It can help new guys immensely.