US10s are presented above with little to no comment. I've always said shorting bonds is tantamount to a trader's death sentence. The Chart above illustrates this quite vividly.
If you're a smart bond trader, when you're short, you take profits where able. And wake the hell up, these assclowns aren't going to raise rates. EVER.
I woke up today expecting the unexpected. That's how I am each trading day. I may have some expectation of where things could go but I always prepare for some kind of deviation now matter how significant. They could've easily got us to pop today as they tried to hit 1920 on ES but that was not possible.
Once we fell below some key levels, it was hard to get things back up. So now everyone included their grandparents are bearish. Who knows what tomorrow will bring but you just have to be prepared for anything.
If you have little to no knowledge on the markets, you really have to stay away from it right now and get some learning done or you get some classes. That's reality. This isn't a newbie's market.
Above is how we traded VRX. We went into today not even expecting this gift from the market gods but here it is. Soon as the news came out that Congress issued a subpoena to them, market reaction was swift and deadly. They initially hit 172 before rallying to 180 to do the usual stop hunt. That's where I struck my short.
I initially targeted 170 because in these types of plays, the BTFD crowd will try to pump it up but thank god I was busy playing Starcraft II multiplayer, I left my Buy Order at 160 and it hit before I got smoked by a few Koreans playing on Korhal.
In any case, the trade was a gift - it was something that nobody expected to happen and yet here we are. The tweets above are from our private twitter feed to show you that we trade real-time and inform followers about the trade we're taking.
So if you're done losing money, how about give us a shot? Sign up here today!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.