I'm not a good wave counter but it looks like the DOW completed the 4&5th wave down and completed 3 waves up. So now we are set for 5 more down. If i'm right that sure happened fast. Help me out here. How will this day set with the minds of investors tonight. Is it a buying opportunity or get out of Dodge.
Steve first congrats on the call. I followed you as well but I had built an early sizeable position but then threw the last all in on the signal day. So I was up 40 % for the move before stepping aside late afternoon. At one point I had an account balance of 50 million during the crazy period as my dia 107 puts went from 12 to 100000 per contract for about 5 minutes. Strategy from here? I was curious about why you would stay short a bit even after the 11 may upturn in I1? And then why bail completely on 19 may before shorting again on 24 may? Why not get totally out or maintain your short core? Thanks! Charles
Hi Charles To fully address your question I will need more space than a comment allows. I'll put it in the pre-open. Congrats on riding this beast. Today made money for us but the ride wore me out! I can imagine your position was an emotional roller coaster.
Steve
ReplyDeleteWell here we are near the close hanging right around where you thought we would be.
I'm still in with stop at 10,615. Cross your fingers!
ReplyDeleteSteve
ReplyDeleteI'm not a good wave counter but it looks like the DOW completed the 4&5th wave down and completed 3 waves up. So now we are set for 5 more down. If i'm right that sure happened fast. Help me out here. How will this day set with the minds of investors tonight. Is it a buying opportunity or get out of Dodge.
Steve
ReplyDeleteUUUp 10.99% today.
Dow completed 5 down and 3 up. The Jobs report may induce an updraft to short into.
ReplyDeleteSteve
ReplyDeletefirst congrats on the call. I followed you as well but I had built an early sizeable position but then threw the last all in on the signal day. So I was up 40 % for the move before stepping aside late afternoon. At one point I had an account balance of 50 million during the crazy period as my dia 107 puts went from 12 to 100000 per contract for about 5 minutes. Strategy from here? I was curious about why you would stay short a bit even after the 11 may upturn in I1? And then why bail completely on 19 may before shorting again on 24 may? Why not get totally out or maintain your short core? Thanks! Charles
Hi Charles
ReplyDeleteTo fully address your question I will need more space than a comment allows. I'll put it in the pre-open.
Congrats on riding this beast. Today made money for us but the ride wore me out! I can imagine your position was an emotional roller coaster.