Haki Hika

[Haki Hika @HakiHika]

@fireworkstrades Think things likely slow down. Going to be REAL hard to make new highs with rates high and consensus now expecting them to stay high. Sideways action. Im expecting a lot of chop next few weeks. But I do think near term lows are in, so I’ll hold through.

[Haki Hika @HakiHika]

Starting an RTY position. 2005. The main trade is a break of 2020. Stop below 1990. On break of 2020 early next week I will 4x the position size.

Willing to leverage up a bit more as this is a smaller risk, smaller reward, short term trade.

[Haki Hika @HakiHika]

Updated plan: stop out below recent lows. Add (up to 2 more tranches) on dips after I see a close over the 50 day. In the mean time I’ve got 75% notional from RTY futs and 75% in individual stocks. So that’s enough equity exposure for now.

[Haki Hika @HakiHika]

No more adds here. I’ve got enough long exposure into Wednesday. Sitting on the loss so far.

[Haki Hika @HakiHika]

@fireworkstrades These intraday swing have been wild. And I’m just here sitting on my hands. I don’t want more than three tranches ahead of NFP.

[Haki Hika @HakiHika]

@fireworkstrades Now I’m only up like 1.5%. Things getting ugly fast. Seems my gut was smart not to chase over 2020 today. And hard to add now.

[Haki Hika @HakiHika]

@fireworkstrades Today you have the balls. I’m afraid my buying would be FOMO. So I’m going to stick with the tranches I have. I’m up like 4% today already.

[Haki Hika @HakiHika]

@fireworkstrades RTY really popped 20 pts since that tweet? Thats insane. I’m scared to pull the trigger. Think I’m just riding the three tranches. And this is an emotional decision which means it’s likely wrong and RTY keeps going.

[Haki Hika @HakiHika]

@fireworkstrades Not adding until RTY back over 2020 or stop out. Bias is still bullish, but price isn’t confirming my position.

[Haki Hika @HakiHika]

Geeez that was a quick recovery.

[Haki Hika @HakiHika]

It is a well known law of the trading universe that your biggest losing days are clustered with your biggest winners. I understand the logic of why; it’s still annoying.

(Very red today; coming off of two of my best weeks ever).

[Haki Hika @HakiHika]

At least we can count on DJT being a flight to safety on days like today.

[FZN SangLucci™ @sanglucci]

Trading gets a lot easier when you surround yourself with good traders who see things differently than you.

[Haki Hika @HakiHika]

Watching RTY 2020 break. I assume a rotation there has to happen today or early next week.

[Haki Hika @HakiHika]

Sold half at 17,780. Targetting 18,000+ on the rest. Will continue to add on dips.

[Haki Hika @HakiHika]

Bought another tranche $NQ 17544.

$MSFT and $GOOGL earnings tomorrow. Also CPI. very bullish near term price action. Going under the premise that every dip gets bought.

[Haki Hika @HakiHika]

Average now 17,372

[Haki Hika @HakiHika]

For a second it looked like we were goin to do what I thought impossible ahead of $MSFT and $GOOGL tonight: close green.

This selloff seals the impossibility today.

[Haki Hika @HakiHika]

I really want to add now. But I have to remind myself that most people don’t trade futures. So their panic comes at the open.

We are also right at my average buy price.

My premise is still every dip gets bought aggressively. But today and tomorrow will definitely test that.

[Haki Hika @HakiHika]

@fireworkstrades Easier to do when my performance figures are so good the last few years and so far year to date.

The S&P could drop 50% from here with my having 125% exposure and I’d still be outperforming YTD. So I’ve got room to work. And I’ve always found pressing advantage works best.