E-Mini Swing Trading
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January 11, 2016

You Ain’t Seen Nothin’ Yet

I seriously doubt that the average market participant realizes the magnitude of the devastation that lays ahead. It is our human nature to project forward based on recent events – a common cognitive bias which can easily lead to painful losses during regular market conditions. But what we are facing over the coming weeks and months will register several standard deviations beyond current worst case scenarios, at least based on activity/pricing I’m currently seeing in the option chains.

We have a lot of material to cover this morning. So grab a cup of your favorite morning brew and pay close attention. Yes, there will be a test.

Let’s start with [...]

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January 8, 2016

E-Mini Entry Opportunity

Conceding we have very little technical context right now I however do love the short term panel on the E-Mini right now. Without further ado – here’s our evil scheme for the day: Grab a small short position here until about 1960 (we’ll have to watch the Zero after the open). If 1960 gives then I’m long with a stop below the current spike low near 1940.

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October 28, 2015

MOMO Update

I may as well move my butt to Australia now as most of the productive discourse in the comment section seems to be happening during nighttime in the U.S. Much of this clearly is due to Scott’s untiring willingness to lend a helping hand. And as grateful as I am for his contributions I am however horrified by the level of inexperience reflected in many of the questions. Clearly over the years we’ve seen a quite a bit of reshuffling here in our audience. Just go back a few years and look at the comment stream – many of those people have long disappeared. Some of the old timers retired (hopefully happily and flush), others chose to move on after having reached self [...]

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April 30, 2015

Running Like A Hare

The tape across the board has been running like a hare and today’s session again did not offer us any reprieve from the relentless battering we’ve been through over the past few weeks. Up and down she goes although on the equities side it’s been more down than up and the fat lady hasn’t sung just yet.

Clearly I’m going to be limping behind here as things are unfolding quite rapidly. When I took that snapshot it was looking like equities may have found some ground but I simply didn’t trust it and posted in the comment section that it’s probably best to let things play out. That seems to have been good advice as the spoos are [...]

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Cognitive Bias Carousel
  • Loss AversionLoss Aversion
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Imagine two … more
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