Market trade 3.20.20
Pointers:
Market up 300 points and pointing up. Looks like worst weekend
1) Bitcoin up to 7K again, No position for now
2) S&P: 2.3K, Dow 20K,
3) Monitor XEBEF, tanked to 2.54 again after 2.73 high, tanked to 2.03, tanked to 1.89 then to 1.5. 1.37 was lowest point. No more hold
6.8K start
Actions:
No more day trades. Bear: Play SPXS, SPXU, VXX or TVIX (high leverage)
1) Calls
2) Puts
3) Stocks
Bull: Domino and Chipotle
Bear: TVIX
Hopes:
1) No more day trades. Watch your overnight plays close. Option plays only for high cap.
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
Do not cut so soon on spike up. Watch what you buy
Market up 300 points and pointing up. Looks like worst weekend
1) Bitcoin up to 7K again, No position for now
2) S&P: 2.3K, Dow 20K,
3) Monitor XEBEF, tanked to 2.54 again after 2.73 high, tanked to 2.03, tanked to 1.89 then to 1.5. 1.37 was lowest point. No more hold
6.8K start
Actions:
No more day trades. Bear: Play SPXS, SPXU, VXX or TVIX (high leverage)
1) Calls
2) Puts
3) Stocks
Bull: Domino and Chipotle
Bear: TVIX
Hopes:
1) No more day trades. Watch your overnight plays close. Option plays only for high cap.
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
Do not cut so soon on spike up. Watch what you buy
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