Trading to win using the Secret Code of the Illuminati

Tag archive for ‘option expiration’

Sorority Life

Sorority Life

Theta burned again today. ——— Being Option ex week, today seemed like a perfect day for Theta burn. The hit and run approach we advised was the right strategy. System rules said fade the high, testing for 60/62 support. Primary target was 61, and we were expecting the rainline to provide some support. We didn’t […]

Wishful Thinking

Wishful Thinking

Charlie probably didn’t listen to me. He was wishful thinking about shorting. Shooting fish in a barrel type trading. ————– I don’t think so. ————— We are fodder for the machine, and sorry to say, need to think like a criminal. —————— I have tried to share as best I can, without giving away all […]

Wish List

Wish List

Matd played out, testing the overnight low, but that’s all she wrote for the short side during the morning test for support. We were cautious about expecting too much either side, as we are approaching the holidays , year end, and can’t really see why longs are excited to be adding to their gains this […]

Trading Light

Trading Light

Sometimes we need a bit of luck, don’t we? It’s not like bells or whistles or lights go off at tops and bottoms. ————– 8:07 E: so 46/48 potential first resistance zone and I think r/r poor for both sides, especially longs. Common sense thought process: Trend is up, shorts against trend. Longs have had […]

Missile Toed

Missile Toed

Life is but a game… ———– Anyone who plays the markets knows that, or will before they are done. ———— Systems are right sometimes, wrong often. And missed trades part of the game all the time, like my friend Matt. How do you perceive the market? Is it an opportunity, or is it a fearful […]

Reindeer Games

Reindeer Games

Low profile being maintained, as I think I am the dumbest trader out there, other than Eli. He is at least smart enough to get help from an outstanding mentor when he is struggling. Kudos Eli, you will bounce back, of that I am confident. Clearly I am impressed with the quality of traders on […]

JamboreE

JamboreE

Today was an exercise in futility if  you wanted a slammer in either direction. Range trade played out as we expected, with neither side a clear winner. That being said, 60 held all day long, and new lows were again made. ———— Knife catchers probably did as well today as the patient trend shorts.  My […]

Domino and Geronimo

Domino and Geronimo

[08:04] E: op ex more fun and games [08:34] E: should get rotations today with more players back ———— beautiful target Boyz 75 get out of their way when they are on a mission Midget_665: RT @eminiwizard: Breakfast of Champions … java and juice #EMWS // Don’t forget the wheaties ———— Momentum is a curious […]

Crystal Clear

Crystal Clear

  It was an all day Rain. The Emini wizard system said bring your umbrella to work. We suggested it was a chase trade short, meaning we needed to be aggressive if we wanted in. Sell short, chase trade, 52 as aggressive resistance. When other traders wanted to buy, we wanted to sell some more. […]

E Motion

E Motion

Have you noticed the least helpful ideas in the market commentary tend to be emotional? Speculation and banter, kibitzing on line largely for entertainment value is one thing. Making money out of those thoughts and market gyrations is another. —————- A few years ago, while reading, I came across one of the best questions about […]