My trading results for the day
So i came in with spy and iwm long b/c i'm betting there will be a gov't resolution, and each day, the indexes ends pretty strong. So i have been using my intraday profits as a hedge for my index swings but today was an ugly day. I was down a lot and kept avging down my SPY and TNA positions to get better prices; thankfully I traded UVXY as a hedge to my ultra bullish thesis. haha. Eventually New York Times posted something and made the market bounce at 12ish today. I think it was precisely at 12:12pm.
Oh, i've also been scalping in and out of the non-core positions for my index holdings to mitigate risk.
How did everyone else do in the battlefield today?
(y)
I'm on the other side. Made about 1.4K. Puts in AMZN and QQQ. By the way mkt sold off into the close today. S&P closed below its 50 day SMA.
Also seeing bearish divergences in AMZN and QQQ, along with the bearish engulfing candles that printed today, I would say you better hope for a deal. IMO the technicals are looking very bearish.
Had a nice entry in AMZN, got into puts at 320.
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