Thread: sniper's Account Talk

Wow that was quick, sold half the FAS for +3.3%, thank you fed

Playing some TNA, what the heck. @63.15

wish i just added to the FAS position instead of trying to be cute with TNA lol. Oh well, markets look to be up while small caps are just treading water.

(not really) Trump: I make great deals, the best. You wouldn't believe it. Some might say they're the greatest deals ever

wooo looks like a strong close. My trading account is up 4% for the month if these levels hold.

Stopped out of both the FAS and TNA today, managed to make some small gains in the process but wow what an ugly day. I really hope for the sake of everyone that you were in a safe fund. Is anyone still questioning whether we're in a bear market or not? Looks like a triple top that has massive potential to the down side. I don't think this is over yet. Stay safe people.

Only position I'm currently holding is TLT, I didn't get a chance to look at charts until now since I was on leave for some snowboarding

Bought some SPXL at 40.41, saw some favorable price moves on the 30m / hourly chart that were volume confirmed. AGG / TLT also looking ready to pull back. Playing this bounce.

So help me god

edit: sheesh that exploded up, this is a fun market to trade in. Sold half @ +3.1%, letting other half ride / SL at +.5%

SPXL stopped out today, didn't expect that so soon, but this market is wild! In SPXS 26.64

These market conditions are a trader's dream but stressful for TSP moves, having only 2 and the delay makes it a pain. Hence why I use weekly / monthly charts for those, I usually only make 3-4 moves a year for IFT's

Originally Posted by sniper

These market conditions are a trader's dream but stressful for TSP moves

Not for the faint of heart.

Originally Posted by WorkFE

Not for the faint of heart.

Definitely not. The biggest challenge in my years of trading is managing my emotions, and even after 5+ years they still get the better of me sometimes. It affects me less with trading though, since we do have some form of protection with stops. TSP has none of that. In my opinion, trading 3x leveraged ETF's has been a safer journey than the TSP has (though some may disagree, it's just my own experience). At least with trading ETF's, you have the option to get out of a bad trade quickly.

Really going to be watching the 263.25 level on SPY. The Bulls don't want to give this area up and it's always been met with uber high resistance. Same with around the 280 level with the Bears.

Despite all the action it appears we're in a consolidation zone still, and once we break and hold out of either range, there's going to be a violent move up or down, what happens is anyone's guess. All I know is it's gonna be exciting

edit: Sold half SPXS position for +2.9%, riding the other half. May add to position later but I'm expecting buyers to jump in around this level. The bulls absolutely need to hold this level and won't give it up easily.

SPY 12-10-18.png

It's looking to me like a consolidation channel, and once again the break to the downside got stonewalled at 2630. 2 reversal candles in the last 3 trading days, and lower volume today tells me that selling pressure is cooling off a bit. Put in a buy stop for SPXL (at today's high), predicting a bounce from here.

Still holding TLT (intermediate / long term play), SPXS. Expecting the SPXS to stop out tomorrow, but who knows