What a week, the market did pretty much everything I expected it to do monday when I wrote my recap saying it was best to be on the sidelines watching.
I like the idea of no trade of the week at this time. I'm only in PINS and OXY right now, but if we get a good deadcat bounce I'd like to resell the SPY 415 call spread. I do think the short side is more challenging to pull off but it feels more rewarding when it works. By the end of January I should have my trading accounts fully funded and ready to go so that I can attack the market fully which I hadn't been able to do quite yet. Cheers to the good year and many more!
Hey Rob, thanks for the note. These rollovers just take a few weeks to settle, I wouldn't expect much in the next few weeks, then we will start with the earnings runup, and attack the downtrend again, who knows where it will be then likely 390 or so. Thanks again for being here from day 1.
I like the idea of no trade of the week at this time. I'm only in PINS and OXY right now, but if we get a good deadcat bounce I'd like to resell the SPY 415 call spread. I do think the short side is more challenging to pull off but it feels more rewarding when it works. By the end of January I should have my trading accounts fully funded and ready to go so that I can attack the market fully which I hadn't been able to do quite yet. Cheers to the good year and many more!
Hey Rob, thanks for the note. These rollovers just take a few weeks to settle, I wouldn't expect much in the next few weeks, then we will start with the earnings runup, and attack the downtrend again, who knows where it will be then likely 390 or so. Thanks again for being here from day 1.
Don't forget about SJIM!!!!
Lol Monday, that’s why I’m all cash, waiting to deploy to the next big thing