Market Trade 3.17.2020
Pointers:
Market crashed 3000 points yesterday and up 100 points today after the worst day in history
1) Bitcoin Down to 5K, No poistion
2) S&P: 2.6K, Dow 20.5K,
3) Monitor XEBEF, tanked to 2.54 again after 2.73 high, tanked to 2.03, tanked to 1.89 then to 1.5. No more hold
6.8K start
Actions:
Prepare day trade Thursday. Do not buy calls. Chase stocks on up or down trend through Fidelity but DO not buy calls. Still bear territory
1) Calls
2) Puts
3) Stocks
Bull: S&P, DJIA - to sell by end of day
Bear: TVIX and SPXS
Apple, Clorox and Microsoft
Hopes:
1) Keep an eye on Tesla, SPCE and Plug power. Perfect for day trades. Plug reporting this week
Learnings:
1) Timing : Don't buy puts after historic drops. Don't buy call after historic rise. Buy reverse EOD after reverse. Don't buy reverse early of the day
DO NOT BUY before EOD on options
Market crashed 3000 points yesterday and up 100 points today after the worst day in history
1) Bitcoin Down to 5K, No poistion
2) S&P: 2.6K, Dow 20.5K,
3) Monitor XEBEF, tanked to 2.54 again after 2.73 high, tanked to 2.03, tanked to 1.89 then to 1.5. No more hold
6.8K start
Actions:
Prepare day trade Thursday. Do not buy calls. Chase stocks on up or down trend through Fidelity but DO not buy calls. Still bear territory
1) Calls
2) Puts
3) Stocks
Bull: S&P, DJIA - to sell by end of day
Bear: TVIX and SPXS
Apple, Clorox and Microsoft
Hopes:
1) Keep an eye on Tesla, SPCE and Plug power. Perfect for day trades. Plug reporting this week
Learnings:
1) Timing : Don't buy puts after historic drops. Don't buy call after historic rise. Buy reverse EOD after reverse. Don't buy reverse early of the day
DO NOT BUY before EOD on options
Comments