iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,086 Blog Posts

Morning Recap, Waiting For Clues

I only entered into the S&P futures once today, buying a pullback and attempting to inflict pain on the short sellers.  The trade earned two handles on two contracts but once the sellers defended their territory, the land north of 1645, I backed off the action and simply observed.

I had a trigger right at the open to go long, but I was distracted buying weekly calls in NFLX and LULU.  They’re both about flat currently, and I have the distinct feeling I may take some heat before these trades can play out.

I closed out that aching ACHN position, it could still pull off a Hail Mary bounce recovery, but I really don’t feel like sticking around to find out in this overall choppy tape.

I took a 1/3 scale in DANG up here near recent swing highs.

Now I’m essentially sitting on my hands, waiting for the market to play out.

If you enjoy the content at iBankCoin, please follow us on Twitter

6 comments

  1. stockcats

    congrats on a most honorable trade in $DANG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      Indeud sir, thank you for directing my eyes to it.

      I still hold 2/3 but as we say, bread has been placed on the table.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. chessNwine

    Very Patrick Bateman-esque music selection.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      I’m going throwback by digging through my record crates.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. Dubz

    Sometimes / often sitting on your hands is the best play.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      It stings the hands much less than slamming them in a door

      • 0
      • 0
      • 0 Deem this to be "Fake News"