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3.15.20 Market Thoughts

$5 10 Day Trial Happy Sunday. Just a quick outlook for this week as to what I am looking for and general thoughts on the market. I think everyone is expecting a bounce in the markets, but I am not sure that I believe it just yet. I've read a lot of data and looked at a lot of charts over the weekend and the best thing I can come up with is to wait to be short VOL and another duration based trade. Now the short volatility trade is not quite there yet, however, the VIX curve, when it resets is going to hit hard. Buy & Hold: I don't want to discuss this. I don't think this is the time for that at all. Markets are scared right now and there are some market structure issues happening. This is 100% a trader's market. It either requires quick options trades or futures trading, nothing more. What do I plan to do this week? Trade futures and wait for the Volatility short, whenever it may be . I know some of you degenerates ...

3.22.20 Outlook

Happy Sunday. What a wild two weeks it has been as of late. Last week the moves from the lows and highs were amazing. The key is it takes focus and a fast finger in this market to make money. The levels are holding on many names (both resistance and support) but they are being front-run, so profit-taking is coming sooner and you have to take what you can get, at least that's what I have been doing. I really don't like this idea of buy and hold, it's not what the market is right now. This is pure trading and I have said that for a few weeks. That is going to continue. What I have personally been doing is trading smaller and more dated expiration options for this. When I am wrong, I have been getting out fast. In addition, selling premium on 70+ delta options for the day has proven to be profitable as well. The premiums on some of these names are so high that even with the moves the options are priced in. When selling, the premium is getting sucked out quic...

Long Tesla

Happy Easter to all of you. I hope that everyone is staying safe and healthy during this crazy ass mess. I've stopped writing as much because the markets are busy and it's easier for me to just put thoughts on the StockTwits account here. I know most of you either hate or love Tesla, some love it more than others judging by the replies I get. Regardless of that, I want to share the long idea on this. Fundamentals aside, because this stock is driven purely on sentiment and Robin Hood traders (as well as WSB degenerates) this thing looks ready to get to $700. Click to expand that. The weekly candle is solid. So let's take that as reason #1 Reason #2. The daily chart. A breakout above $550 there with a measured move. Plus a gap fill above. Reason #3. The stock reports earnings 4/22. Whether they are good or bad I could care less about and so should you. Why? Because traders will buy this up (like we saw la...

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