Post by sd on Nov 1, 2024 8:03:48 GMT -5
Friday! 11.1.2024
Futures up -in the Green -
Small AAPL short -AAPD -carry over- on at the Open.
Jaime Dimon warns: what's coming ahead- at some future time.
www.youtube.com/watch?v=QX5mXg1MIO4
Jason Leavitt- partial evening report
After nearly a 2-month run, lots of stops have been triggered the last couple days. It's fine. The market doesn't move directionally forever. At some point it stops. And rests. And it could correct. None of this destroys the underlying tone.
There are big trends that can stay in place for a long time, and there are smaller trends within those bigger trends. Short term traders should use tight stops because they cannot tolerate a move against themselves. A mid term swing trader can use a bigger stop to give positions time and space to play out. This results in bigger gains but also giving profits back. You can't mix and match. You can't use a tight stop and expect to nail 2-week moves. All management strategies come with benefits and deficiencies.
So we got stopped out of a bunch of positions, and next week we have the election and an FOMC meeting. It sounds like a good time to take a deep breath, circle the wagons and start over.
stop raised as price gaps up on the open
Stop triggers 9:33 $ 17.27 + $0.39 nets +2.3%
Because indexes are in the green- thought it prudent to lock in gains with a tight stop.
will see if that was a smart move...
LONG GLD try to hold as a swing up to the Election
rE ENTRY AAPD - Trade 2 Risking giving back $0.09 -$9.00 on the initial stop just below the swing low.
As price initially moves higher- stop can be raised.
stop now $17.21 - chart is just 1 day
The GLD trade stops out for a net loss- $253.30 /40 shares-
Chart is showing price action initially demonstrating a red bar- but I elected to try to give this more room as a potential swing trade-
This pushes today's trades slightly in the RED @ 10:52 with the AAPD trade 2 profitable.
Took the loss on GLD- and a much larger loss trying to hold as a potential swing trade-
Chart shows the initial Red bar warning that is about to go below the Low of the day-
As a day trade, gthis would be reason enough to bail out for a small loss.
Electing to try for a swing I allowed a wider stop-loss
And, the stop is triggered......
AAPD stop @ $17.25 Volatility and gappy price on the 1 m chart. Expect the stop will get triggered momentarily - although seeing small hooks on the indicators - but will have to wait and see...
AAPL 11.30
aapl $223.26 TOP IS RESISTANCE-
I re entered AAPD with a bit more size- 250 shares - stop is $17.20 Risking $0.05
Stop raised $17.23 as Price moves to $17.28 - matching the recent high- it either goes higher or gets rejected from here.
Mark is $17.27, ask $17.28 Cost $17.25- did make a higher move- stop to $17.25
Stop @ B.E. will likely be lower-slippage - expect perhaps -$0.02 on the fill.
Relented to widen stop to $17.24 vs $17.25
Trying to be patient with the AAPD/AAPL-short position.
Bid/ask is $17.28/$17.29 @ 11:54- If AAPL rallies much -gets back to $222.50 I'll likely get stopped out.
The q's made a dbl top as it went higher this am, seeing some pullback weakness @ 11:30 -
AAPL is a big % of the q's- and -if the q's weaken - it's not only AAPL pulling it lower.
Bid/ASK @ 12:00 17.30/17.31
Chart was cluttered with annotations.
The tight price action following the gap potentially resolves higher- but if it fails- stop is now raised to $17.28 - Wrong- I failed to 'send' in the order-
Price declined- and went below where I though I had my stop raised- it remained at $17.24 - after this pullback, I raised to $17.27 to ideally get out at B.E.
Stop executed 12:19 - fills $17.26 Did not get a test of the recent high made earlier @ 10:45
12.25 -Long the AAPU- 2x long AAPL.
AAPL MID DAY bullish caused the AAPD stop out- and decision to go long.
Letting this work with a relatively wide stop $34.02- and a sideways price action- slop and chop.
Browsing the LB board-
Geo illustrates the RED Box trade- this is a Close up of a 2 min chart of GDXU -
Green vert lines indicate the potential entry on the bar completion coinciding with a 'hook higher on the indicator-
Geo has adopted Beast's approach with the early 'Hook" on the indicator offering a potential early entry indication- but in context along with a look at a wider time frame.
Numerous times Beast- and Devoid- also mentionhow far from the 0.0 line the MACD may be...as something that may not warrant large expectations- often preferring to see the MACD rising closer to the 0.0 line - also stochastic usually signals early.
the 'Hooks' are common- and a hook does n ot necessarily indicate a good entry . Particularly on the faster time frames -false hooks simply are shown because of a small rise higher on a price bar.
OK, hadn't looked at my AAPU trade for a bit- Pleased to see that my wider than normal stop held and Price has now moved up .
The gap lower RED bar prompted me to lock in the smaller profit- -
Friday afternoon project- Mount the Kindling splitter on a couple of 4 x 4's to raise and stabilize
So much safer to split kindling wood rather than holding a log with one hand and striking with a hatchet!
tHIS CHART OF THE MARKET'S REACTION - to GOOGL's earnings beat- and then the follow thru over the past couple of days- Have to take this as a reason to be cautious in tech investments.
3rd time a charm? Long BA on optimism that the strike vote will get approved to endorse the contract- Results on next Tuesday- holding as a swing over the weekend. Similar to take an earnings bet-risky.
Rising bond yields stifling market investments.
Earnings in general OK- but markets are close to fully valued at present PE's. Have to review the summary this weekend- Advance/declines- sector performance /rotation.
