Looking for 60 and 62
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10+ years of momentum and swing trading.
Options trader since 2020.
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2865479 : gap fill to 70....
Salmon Klein : tomorrow back to the bearish trend
TrendTrader OP Salmon Klein : Probably. Unless vix breaks down. Then there might be a ton of nice set ups
Salmon Klein TrendTrader OP : for shorting you mean? I still cannot identify them well...this one I was expecting to miss earnings and had prepared an entry at lower prices...but it went up...
TrendTrader OP Salmon Klein : No. VIX runs inverse to the market. When the market dumps, VIX goes up.
So if VIX goes down, the market is likely to recover.
2865479 TrendTrader OP : vix always plummets...
Salmon Klein TrendTrader OP : what is VIX? a volatility index?
2865479 Salmon Klein : fear index. it's a fake cloud
Salmon Klein 2865479 : is always fear...today I lost 4% of my portfolio I never saw a gain like that mtf
2865479 Salmon Klein : you don't lose anything until you sell. Chipotle was over 2000 a share before it split and it will eventually rise high again probably starting now or after this volatile earnings week. they all will.
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