Market Trade 3.24.20
Pointers:
Market up 900 points and pointing up. Looks like a very green day
1) Bitcoin up to 6.7K again, No position for now
2) S&P: 2.2K, Dow 18K,
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 back to 1.37. No more hold
7.1K start, expect to go to 5K
Lost 3K yesterday
1) Today will be green up to bill signing
2) Hold your puts until Friday. Today and tomorrow may be green at this point
Actions:
No more day trades. Chase TDOC, UAL, Chipotle?, AMD?
1) Calls
2) Puts
3) Stocks
Bull: TDOC
Bear: SPXS, AMAT TTD SPG
Volatility: TVIX
Hopes:
1) Market turn after bill passed?
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. Understand there's no more volatility
DO NOT BUY before EOD on options
Do not cut so soon on spike up. Watch what you buy
Market up 900 points and pointing up. Looks like a very green day
1) Bitcoin up to 6.7K again, No position for now
2) S&P: 2.2K, Dow 18K,
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 back to 1.37. No more hold
7.1K start, expect to go to 5K
Lost 3K yesterday
1) Today will be green up to bill signing
2) Hold your puts until Friday. Today and tomorrow may be green at this point
Actions:
No more day trades. Chase TDOC, UAL, Chipotle?, AMD?
1) Calls
2) Puts
3) Stocks
Bull: TDOC
Bear: SPXS, AMAT TTD SPG
Volatility: TVIX
Hopes:
1) Market turn after bill passed?
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. Understand there's no more volatility
DO NOT BUY before EOD on options
Do not cut so soon on spike up. Watch what you buy
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