Sgx down 1.38 %%%%%%
The real game starts on Tuesday when the actual numbers come out....... today's move is more of guesswork.
Ok, who all are holding longs and who all are holding shorts??
Be an expert and show your position after the direction is known.
On the day I posted this, there was a spike up at the open, so I added some more puts.
Almost a week over yesterday and it's at about the same place, where it started from
I refuse to hold any position during settlement week, so closed all.
This is the reason I decided to not trade here...
As usual, the chors, er institutions keep it sideways until after the event is over........ and then only reveal the real direction.
A major support is at 10565 s , as it breaks, the high voltage move starts.
An old friend has arrived with his wife, they are here for a few days before...
Some call it unconventional thinking, others might call it uncommon common sense.
I call it doing what makes money.
Insanity is doing the same thing over and over again and expecting a different result - Tony Robbins
Whatever calculations I did, were upto the end of my last trade in Sept...
There are times when staying out is the best bet. The gaps up and down would have slammed many...............which is the most important reason for timing the market correctly and getting in only before a trend starts.
The knowledge never started with me and cannot end with me. I am not dumb...
Time for a reality check
Posted on Aug 31st
The main position was 11600 puts and some Yesbank puts ......... 11400 puts added 1 week later
Entry1 was stopped out and and I got in again at entry 2....... Exit was at the blue arrow
I bought 11600 puts at 93
And sold at 570...
On Saturday, I went to my broker's office. Just last week all of them were worried about losing their jobs and the branch closing down if Sebi changed policies.
The hot topic was a certain expert who shall remain nameless, who used to post screenshots of his account on Twitter. I had seen that...
Hopefully, a lot of suckers, er traders would have made a pile of bucks off this.
The mother of all gaps is coming...... half a working brain cell needed to figure out the date..........even a few "experts" may actually get it........after a lot of thinking.
Zac Efron & Zendaya - Rewrite...
High acceleration zone coming up
And I'm in
Hopefully I'll add to my puts if the gap isn't too big, stop at yesterdays low.
Many suckers, er investors are looking at value buys........ there is lots more value coming ahead.
In Jam, I made the chart for the year so that I would know my number of trades and entry/exit dates. There were 4 trades in total.
The first trade was the Feb crash, my entry was perfect and exit was slightly late for 30% of the position.
The second trade was the recovery from the...
And out again on Friday............ they are going round and round, just wasting time and options premium. Rig it for another 2 days + 1 holiday and 3 days premium is in the bag.
I'm in again when I get an entry below 11445 s
There are times when I wonder if the future is preordained................ if it wasn't, then it would not be possible to forecast the market.
Many zero performance experts who said over and over that the market cannot be timed....... prediction never works...... etc etc would actually be right...
And out again on Friday at cost.
It looks like they are trying very hard.to prove a point ............. and that is a big red flag to keep out.
This Favorite Warren Buffett Metric Tells Us a Stock Market Crash Could Be Coming...
I knew they wee going to rig it .............. and they surpassed all expectations.
A lot of people got fooled but that was the whole purpose of the move.
Yesterday, I wanted to buy puts after the Rbi announcement but was busy in office...... by the time I remembered, the market had closed...
There were just 3 stocks propping up the US markets, FB AMZN and NFLX.
After bad earnings last week, FB got slammed by 19%.
Guess which stock holds the top position in hedge fund portfolios?
The same situation is here.................just 3 stocks propping it up and making new highs while...