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I loveee intraday Cobra setups that allow me to position my option plays before the close!Cobra wrote:if Open > Close or red today would be perfect for a very short-term bear play (not for novices of course), as I really find it's hard to believe NYMO and T2122 can go even higher tomorrow.BillyRipken wrote:Cobra I believe your zig zag up target was HOD
Statistically, green today, that'd be 4 days up while under MA200, short at today's close, cover when SPY above MA5, 68% chances according to TradingMarkets.
"Statiscally....."Cobra wrote:target reached. still nothing to say although my TA world makes more and more senses to me now.
Open > Close, that's all bear need. Again, all I do here are just "talk" very cheap talk. Statistically, I should buy the next dip...
I'm no communist. We Martians have no politics. Politics are for you Earth people that are not advanced enough.soku wrote:cobra, u r communist, right? do u take it as politics or religion?
do u believe in marxism? can we talk about marxism and capitalism?
Marx predicted a crisis of advanced Capitalism based on the rising imbalance of capital and labor in finance-dominated Capitalism. The basic Marxist context is history, not morality, and so the Marxist critique is light on blaming the rich for Capitalism's core ills and heavy on the inevitability of larger historic forces.
In other words, what's wrong with advanced Capitalism cannot be fixed by taxing the super-wealthy at the same rate we self-employed pay (40% basic Federal rate), though that would certainly be a fair and just step in the right direction. Advanced Capitalism's ills run much deeper than superficial "class warfare" models in which the "solution" is to redistribute wealth from the top down the pyramid.
This redistributive "socialist" flavor of advanced Capitalism has bought time--the crisis of the 1930s was staved off for 70 years--but now redistribution as a saving strategy has reached its limits.
http://www.oftwominds.com/blogaug11/cri ... -8-11.html
How do you normally hedge? ITM or OTM calls? And how far out? Thanks!!AK84 wrote:Option ideas over the next few days:
1. Short CMG
2. Short PCLN
3. Short GOOG
4. Short NFLX
5. Short ANF
6. Short IBM
7. Short BIDU
8. Short WYNN
Use AAPL calls as a hedge (and yes I know its not performed well for the last 2 days but its been a useful hedge in the past) and anything else u deem fit .
GLTA!
do we have a next target for the downside move cobra?Cobra wrote:target reached. still nothing to say although my TA world makes more and more senses to me now.
Open > Close, that's all bear need. Again, all I do here are just "talk" very cheap talk. Statistically, I should buy the next dip...
WOW I SOLD AT THE TOP HAHAHAHAHAHA, sorry I have a huge ego =]heavenskrow wrote:Target reached of 123 SPY. I am a happy boy as I was in UPRO.
I however am not going to be greedy!
Take my profits and dance along
Peace guys
if market reverse here, i think i will win the competitionsoku wrote:i am demarkian. shadows don't count.uempel wrote:I've got to repeat this again and again: break of 1212/15 was immensly important (DMA 377/WMA75). If SPX can stay above that level today (and prove that this is not merely an intraday bounce/bull-trap) this market is heading higher. Possible top for the day is 1240, possible top for the week is 1255. Short only if market tanks down under 1210...
my equ target of es is 1213.5. we are not too far off again
the next target just given.jarbo456 wrote:do we have a next target for the downside move cobra?Cobra wrote:target reached. still nothing to say although my TA world makes more and more senses to me now.
Open > Close, that's all bear need. Again, all I do here are just "talk" very cheap talk. Statistically, I should buy the next dip...
or do you think that's it?
lol got it!Cobra wrote:the next target just given.jarbo456 wrote:do we have a next target for the downside move cobra?Cobra wrote:target reached. still nothing to say although my TA world makes more and more senses to me now.
Open > Close, that's all bear need. Again, all I do here are just "talk" very cheap talk. Statistically, I should buy the next dip...
or do you think that's it?
Depends on a lot of different factors and "feelings" I guess. I normally try not to hold my positions for more than 7-10 days (time decay can kill u ! ) and usually buy at calls/puts at least 2 months out if its a swing position. Day trade is different and I use weeklies sometimes but honestly its very stressful and I have a another job (one that requires me to sit at a desk for 10 hours a day.....i consider that my second job )pidge66 wrote:How do you normally hedge? ITM or OTM calls? And how far out? Thanks!!AK84 wrote:Option ideas over the next few days:
1. Short CMG
2. Short PCLN
3. Short GOOG
4. Short NFLX
5. Short ANF
6. Short IBM
7. Short BIDU
8. Short WYNN
Use AAPL calls as a hedge (and yes I know its not performed well for the last 2 days but its been a useful hedge in the past) and anything else u deem fit .
GLTA!
Thanks AK84. I normally feel "shackled" and frozen given any options hedge, usually I just let it expire worthless. I think options are a lot harder.AK84 wrote: Depends on a lot of different factors and "feelings" I guess. I normally try not to hold my positions for more than 7-10 days (time decay can kill u ! ) and usually buy at calls/puts at least 2 months out if its a swing position. Day trade is different and I use weeklies sometimes but honestly its very stressful and I have a another job (one that requires me to sit at a desk for 10 hours a day.....i consider that my second job )
I usually ITM options (at least 2-3 strikes below current or entry price) . I start off buy naked calls/puts with protective hedges such as aapl , or stronger stocks that I like (changes EVERYDAY!!) and if i make money and want to hold overnight I either strangle or spread the position to protect profits.
If i had sep puts on any positions I had today I would have gotten v vv pissed with the action of the last 2 days because of the chop and vol! but my positions have respected me ....so far!!
sorry if im not very clear but hope i could help in some way possible!