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RE: (VIDEO) Stock Market-Trouble Ahead? Two Dynamics Say Yes. By Gregory Mannarino
Nice. I personally don't like to trade IWM because it has been chopping around for nearly 18 months in a range that tends to be too tight to make a reasonable profit. I always have some type of long position on, so at market spikes I will buy puts to hedge (small money to protect larger money). So we saw the break above the stops and I just posted a 'snapshot' update. The algos are creating a specific market psychology that requires clipping coupons, no big shorts, just nibbling at the edges. The algos will heavily defend major support levels because there is a lack of liquidity to catch a hot falling knife at the moment, better to defend where it is easiest.
That's right, the "ave Joe" is going to lose on every trade long or short becuz, unless you are in "before" the swing in the other direction begins, you will already be buying half way through the move. That's been Greg's biggest problem actually. Tis also why I have been "refraining" from the shortest of short term trades unless the odds are too good not to step up. I outlined a trade at my UVXY options trade board/bored today. That is setting up so that your $20 lotto ticket will pay you a $100 winner. I like dem odds. Go check out my spew. :-)
a couple other guys in the trading community were talking about various VIX plays today. My intention is to wait for the volatility to hit (if at all) then short the VIX, likely with puts, and long XIV at the same time
Whoa! You now get an immediate follow from me as anyone who "says" they can handle the sexy VIXens deserves to be watched. If VXX beitchslaps you just slap her back. These gals luv that kinda shit. You do that and you get laid that night...promise. :-)