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2 contributions to The Trading Lounge
Market Taking A Beating EARLY!
Could be a super red day judging by price action so far, if we don’t see a bounce around this level, the next stop is $500 in the short term. Japans Nikkei 225 closed earlier this morning down 12.4% which is the worst since 1987 due to worries of the US possibly entering a recession. This is big stuff here guys, the market could be in a downtrend for a significant amount of time if something doesn’t change. I don’t see it holding any significant bounce in the zone we’re in now, so I am assuming we make our way down to $500 and below soon, we shall see. Premiums are probably going to be high, and there may be a lot of panic selling at open, remains to be seen. Good luck today my friends.
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New comment Aug 5
Market Taking A Beating EARLY!
1 like • Aug 5
It is scary, do you think, it is good to buy put in the morning?
Possible Long Position Here.
I like this as a long position here, we broke those previous highs. If price can hold here, gonna take a long. Watch closely!
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12
New comment Jul 30
Possible Long Position Here.
1 like • Jul 30
@Garrett Tant ok great to know - SPY was struggling to bounce back from that level earlier this morning! What the expiry for your calls?
0 likes • Jul 30
@Garrett Tant I had late entry but managed to get 10% on 10 contracts. I cannot to 0 date expiry on my Fidelity platform for some reasons! As all said, would love to trade like you one day! 😃
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Jwalesh Gandhi
1
2points to level up
@jwalesh-gandhi-6406
Finance professional

Active 12h ago
Joined Jul 30, 2024
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