as for myself, i have made more money by writing options than by buying options. i have basically given up on buying options with your own money .. that's because lost all of it so now i fund the buying part with writing.
jarbo456 wrote:from my twitter feed from another trader: "if we close green, i'm never trading another put again"
PAGING swalsh
I don’t read fiction much anymore
I just re-read TA technical analysis, and updated editions of TA classics…and science… in my “spare time”…
“If it's fiction, then it better be true.” [Sherman Alexie, “fiction” writer, “The Lone Ranger and Tonto Fistfight in Heaven]
TWT wrote:SPX: This is not a major reversal set up. In my opinion price is either unfolding the wave (IV) of an ED or the wave (II) of (3) within the wave (C) off the Dec 19 low
What do you think the targets are for 1) c of IV and 2) II of 3?
If wave (IV) of ED it needs the overlap below 1266.75 and should bottom in the area of the gap fill at 1257.68
If wave (II) of (3) anywhere in the range 1260-1238, maybe between the 200 and 50 dsma, but not larger then 64.69 points and time wise it should take less then 8 days
fuddleduddle wrote:Tech strong today, but is atm most money flow negative.
will be interesting to see what money flow was like today. but you have to wait until everything settles post close to get a confirmed figure. there was negative money flow on the DJ TSM float yesterday until things settled...then you saw it was actually a positive flow...
as of now DJ TSM float is a wopping -636...
but again, this could make a dramatic change after settlement.
[quote="rockfish"]Question for anybody - at what point would today cease to qualify as an Island Reversal on the SPY - th
Rockfish, Isaac Hayes on an episode of the Rockford Files refered to him(Rockford) as Rockfish
CPC still low, so image how low the Normalized CPC could go tonight. I'm not worried about bears. There'll be a payback time. We'll see.
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Cobra wrote:look all the past 9 trading days. dip, bought, dip, bought, dip bought. I cannot imagine once again the dip was being bought.
yes, the HF traders seem to spend the money from QE 1000 on buying the dips
so it is hopeless to be short until a real breakdown on decent volume is to be seen sometimes in the not so distant future
I'm not worried about bears.
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