Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Stopped out of GLD thanks to some intraday volatility. I wanted to take profits and open a calendar spread but I am at work so I couldn't look @ the P/L curves to set stops. Wasn't prepared for anything other than a move in the direction I was interested in though. Live and learn.
That is the end of a pretty rough day of trading overall. Gonna lick my wounds and regroup.
Just bought 5 weekly $121 puts @ $0.37/ct on an AON gamble. My reasoning is that the GLD market will tank before the week is over now that the hedge against the default is dead in the water. (It was a terrible hedge anyways as the GLD sold off for the last week or two)
Profit target was hit but I didn't take any profits because I am pretty bullish on the overall market based on the overall SPY charts. Here is the new profit and loss graph:
Got trigger happy and closed my trade out waaay too early. Closed on a second test of the upper trendline. Looking for some type of pullback so that I can ride SD to $$7
Jumped into STX. 5 Contracts because of the high PPS. I really liked how fast the APOL trade turned profitable and so I am working on increasing the PPS on my trades and looking at a IV of over 0.4 percentile.
Completely closed out of APOL. It will probably run later but there was no nearby Support/Resistance for me to manage the position after my target level was hit