@Basssem666 To all the ass hats giving Bassem shit about his calls this market is one of the toughest trades. I don’t care who you are. He’s doing his best. His TA is on point. You can only trade what you’re given in front of you.
@MichaelPBento Michael, thank you for your consistent and pragmatic analysis of the market. You’re about the only person I see on this app that provides no bullshit commentary about what is actually going on in the market. I greatly appreciate it.
@Basssem666 That’s an excellent observation, Bassem, I’m getting really burned out on this current rally, still holding on short into end of May, but optimism is fading for any meaningful pull back. Going long just doesn’t make sense as well. 🤷♂️
@dampedspring What’s the point when you have a Bipolar Circus Peanut running the country anything he says will manipulate the market in the direction that suits his needs, no edge in this market.
@epictrades1 Great GIF, My inner self ever statement that comes out, I hate to say it but I trust Iran more than Trump he has more to lose in this situation.
@Basssem666@MichaelPBento@zorkmeat I’m right here with you my friend, still hold, 50% and 35% ⬇️on two different positions. Both for 5/29
60% ⬇️ 5/22 . No point to jump ship yet.
@MichaelPBento Trying to stay positive, been short since last week at 680 levels, contracts exp 5/22 and 5/29 but down 58% 38% and 9% across all strike. Never seen anything like this 😞.
@fit_businessman That’s my expectation, just have to be flexible. Have a good rest of your week, always appreciate your thoughts and direction on the market.
@fit_businessman@Basssem666 That was my impression as well for today, I opened 445/440 put spreads in conjunction with 660/665 4/17 calls to buffer some of IV of the VIX. Calls were definitely the play EOD, but IV was juiced so limited my entries. I things get crazy I close short leg and hold long puts.
@fit_businessman Yep, markets knee jerk reactions to headlines, I’m just riding the in betweens waiting for an A+ setup, which every direction. Have trade what is in front of you. Best of luck today with your trades.
@MichaelPBento You’re on point Michael, I was following your comments yesterday, went into SPY puts HOD yesterday. All Trumps BS comments have to be faded. Still headline driven market, with small scalp opportunities in between.