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 

Comments

Post a Comment

Popular posts from this blog

PaintBall ! !

Image
22/11/2006 pe1 guys .. a total of 16 guys ! plus my dearest bro jordan n andrew went to WAR against each other ! ! hehe .. NIce ! ! on the way to TTsports park .. jordan explained there was 3 types of gunzz n i didn't even noe there was diff gunz !! .. fuiyo .. we got into our painter suits .. then loaded the gun .. n wore the lousiest n foogg-iest stinky helmet into the jungle !! lol it was so so cool .. i got hit on the head after barely 4 min !! siennya .. we had 2 left n chern han was the laz 1 standin for the other team !! so we practically drew .. jian jun n yew choe were captains of both teams cause they were the only 1 with strikin blue uniforms !! jj was so cool he got his ass all mudded up while he slide his was to the opponents base !! stupid jordan damn good shooter ( ran out of pellets everytime he played) hehe 1 more game of 8on8 n it was down to 4on4 on the artificial battlefield!! me andrew yheu shen n jordan ( finally same team as u bro ) were totally thrashed by c
Read more

1st week in uk

Image
piccadilly circus something . my room .. chinatown at leicester square so its my 1st week in the uk huh .. nah .. its like err .. 10 days already stayed in uncle allen's place for like .. 4 days .. moved into my halls of residence on the 29th .. its really far from UNI .. but have to bear with it .. only thing nice is its cosy and i have my own toilet !! which doesn't have a lock !! .. anyways .. yea .. been around uk the 1st few days .. not much time though.. recovered from jet lag in like 2 days .. dad took 3 days... so pretty much fun .. went to shell centre at waterloo , imax theater , london eye , westminister abbey , , house of parliament , buckingham palace ( 15 pounds thx god it closed when i arrived ) , london bridge , tower of london , tower bridge , museums , wembly !! .. hehe.. it was fun ..but quite tiring .. and costly .. yea so back to my accommodation , have to waste 22.30 pounds a week on travelling .. imagine how far i can drive with that amount of petrol ..
Read more

A special thank you to my daddy : )

Image
This song sang by Luther Vandross , the Grammy winning song of the year in 2004, touched me so much I almost ( or I did ) shed a few tears for my beloved daddy. Just like how he likes to call me his beloved youngest son. No, I may not want to dance with my daddy : p but I feel so much like hugging him now. I owe so much to him. This song may not mean as much to others but to me, it may me feel so much for my dad, my dad is the greatest : ) I often go around telling my friends how cool he is, he's the 'cool dad'. Yes he is, he has always showered me with love, tolerated me and teaching me the right and wrongs in life. I think I should not be too emotional in this post by I love this song so much and it has made me realise how much I much appreciate my love ones, not just my dad, everyone around me that cares for me. I will not go around telling others how you should love your dad but I am sure somehow or some way, he has taught, guide and love you in a way he thinks is best
Read more