I’m booking some fat wins into the weekend. Nothing in this entire world entertains me more than a market rug pull when the herd is caught leaning. From that vantage point, the market must make absolutely no sense. This is where you could try to convince me that the market is random. But then I’d have to convince you that you are stupid.
This move traps longs at some pretty high prices, so I’d look to buy gaps lower next week. I’d wager its going to be a choppy week. Take some protection into the weekend if you are a late long up here, and enjoy the time away from all this.
HAGW,
OA
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OA – awesome call on Gold. made some good coin today on GLD puts.
Wednesday is the last day to trade options on the April /CL contract. I am expecting a run to 40 just before or just after the inventory number on Wednesday.
Likely the best opportunity to fade oil unless the inventory #’s are insanely bullish.
what do folks recommend as the best brokerage to trade futures on?
ToS is great. Seriously tho, if you’re not consistently profitable trading SPY, save yourself the money pal. You can get really hurt trading just one contract.
really appreciate your concern, fry. Luckily, etf options trading from September thru now has been the most profitable trading period of my life. Been more profitable during that time span than any full year. Feel like I could have don’t better if I had access to trade during market close hours.
any recommendations are appreciated.
Good for you, man. Always glad to hear people doing well in the markets. Trade during off hours is much different. I’d say open a ToS account and watch for a while.
Agreed. Globex is much different.
yes, i agree. definitely understand the risk there. was just going to dip my toes in it initially to see if it’s something I can manage. Thanks. Appreciate the input.
I’m not sold on a big drawdown from here, but then again I’m biased with TNA.
If you really want to learn the market read “A Random Walk Down Wallstreet” .
https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
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Read that one. Good suggestion.
You have got to be kidding me.
It’s all about statistics. Above your pay grade.
anyone used generictrade.com before? Was recommended that by someone but i’ve never even heard of them.
Genuinely curious if you get any responses here. If they really have 59 cent trades with decent executions, that’s pretty nice.
That said, that outfit’s website, particularly when considered in view of its cost structure and FAQ page, looks a lot like what I’d throw up if I was just trying to steal someone’s identity or pocket their cash.
global futures
danielstrading
interactive brokers
I wasn’t sure $BOFI was going to be a quick mover, so I paid out to April. It’s been a good first 2 days of the hold though!
Debating: (a) take the big win now, (b) sell some premium against the position and give it time to work with a little insurance, (c) do nothing and see if it can keep fighting thru $20. Any thoughts?
Something is smoking at INSY. Up 20%!
BOT NUGT 55.25
Thoughts on oil pull back and indices looking stable on the surface?
Possibly a bull trap up here. Choppy week ahead, so be careful.
$outr nuff said