tag:blogger.com,1999:blog-5888907630242568925.post4209363415956229254..comments2023-06-05T04:15:43.212-04:00Comments on Money Money Money: No Updatechaugnerhttp://www.blogger.com/profile/16378543210029732358noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-5888907630242568925.post-69468601511129234752009-09-25T16:35:15.145-04:002009-09-25T16:35:15.145-04:00lol wow - came back from dinner to see this ...
&...lol wow - came back from dinner to see this ...<br /><br />"I would like this to top around 1049.50-1050.15 SPX" we topped at ... yes wait for it 1049.27. <br /><br />Got to pat myself on the back again for a nice call.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-84844553082168989402009-09-25T14:15:30.911-04:002009-09-25T14:15:30.911-04:00going for dinner now - this way I am out of contro...going for dinner now - this way I am out of control. No new positions, stops in place for some puts. Rest will run regardless of where we move.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-21526315650784075872009-09-25T14:14:41.517-04:002009-09-25T14:14:41.517-04:00just so you all know, it pains me deeply closing o...just so you all know, it pains me deeply closing out a short position, as much as I feel a sense of relief now. It really goes against my trade style.<br /><br />The question you have to ask yourself - do you feel we will be below this level here in 2 weeks from now? I strongly think yes, even if that means that we have some short term upside. I should not be closing positions after they finally see some greens. I know being cautious is the right move ... and sam, as you had sad in the past - better to minimize risk at the expense of giving up some profits =)chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-57529094856216712712009-09-25T14:05:50.308-04:002009-09-25T14:05:50.308-04:00ok reached 1048.01 - close enough to my target. Th...ok reached 1048.01 - close enough to my target. This could be it and we stay between here and LOD till the close.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-41001490420801888902009-09-25T14:04:02.954-04:002009-09-25T14:04:02.954-04:00thank god I covered my ES earlier .... otherwise w...thank god I covered my ES earlier .... otherwise would have kicked myself now.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-11796428840505463072009-09-25T14:00:07.682-04:002009-09-25T14:00:07.682-04:00woah - that was quite a high tick just now.woah - that was quite a high tick just now.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-39895568217897064502009-09-25T13:59:24.319-04:002009-09-25T13:59:24.319-04:00FYI even if we see some more upside today in the l...FYI even if we see some more upside today in the last hour - the High of day is in.<br /><br />Keeping my remaining puts, have some puts I added today with stop at break even (close to HOD but with drop in VIX will be a bit lower unfortunately).chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-28872044440743719072009-09-25T13:58:10.244-04:002009-09-25T13:58:10.244-04:00Not quite sure. I would like this to top around 10...Not quite sure. I would like this to top around 1049.50-1050.15 SPX. I will not initiate new shorts there, will wait it out to see if we break that range or not.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-84153486352092598972009-09-25T13:55:42.779-04:002009-09-25T13:55:42.779-04:00what is your bounce target here Chris?what is your bounce target here Chris?samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-78946212141193938072009-09-25T13:28:05.120-04:002009-09-25T13:28:05.120-04:00wow just in time lolwow just in time lolchaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-79035446725905825222009-09-25T13:27:41.873-04:002009-09-25T13:27:41.873-04:00covered quite a few positions here, will re-evalua...covered quite a few positions here, will re-evaluate after the weekend.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-63945924194832276492009-09-25T12:30:24.681-04:002009-09-25T12:30:24.681-04:00same here. my put are recovering but still in the ...same here. my put are recovering but still in the hole. stppedout and long again at 1042samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-25014031402321054672009-09-25T12:26:50.038-04:002009-09-25T12:26:50.038-04:00definitely shows that you do not have to be a hero...definitely shows that you do not have to be a hero and short into strength - let the market drop first, then get in after the fact. Much easier to stomach. Since they are break even now - its like entering a IT position now after we have dropped 40 pts off the peak. You'd still have a good chance to profit from the move down.<br /><br />The things I have learned during this amazing rally lolchaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-17965542790198250912009-09-25T12:24:28.914-04:002009-09-25T12:24:28.914-04:00also my LONG (very long) term puts finally turned ...also my LONG (very long) term puts finally turned break even after being down over 30% at the peak.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-30936908667527364112009-09-25T12:19:54.827-04:002009-09-25T12:19:54.827-04:00and got long again same position NQ @ 1692.25 lol ...and got long again same position NQ @ 1692.25 lol - too afraid of seeing all my profits disappear again. Its ok if I stop out, each try is barely an SPX point.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-83277107434823484332009-09-25T12:16:50.386-04:002009-09-25T12:16:50.386-04:00stopped out and letting the shorts run now =)stopped out and letting the shorts run now =)chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-30242169791633214682009-09-25T12:11:04.000-04:002009-09-25T12:11:04.000-04:00I am too long very small position. LOL this is the...I am too long very small position. LOL this is the best way to chase out bulls. If they see us long, they will exit fast with our track record.samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-71032522505576026422009-09-25T12:07:36.444-04:002009-09-25T12:07:36.444-04:00took a decent size long position here via NQ @ 169...took a decent size long position here via NQ @ 1695.25 with tight stop.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-59402367303481714452009-09-25T10:29:56.777-04:002009-09-25T10:29:56.777-04:00just added quite a few puts - with tight stop of 3...just added quite a few puts - with tight stop of 3 SPX points (just above HOD). Also added some more futures with same stop.<br /><br />May do a long trade here as well if we are not able to take out the LOD and reverse just before reaching it (with stops of puts and futures updated to break even).chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.com