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Saturday, November 19, 2011

Market Manipulation by Smart Money. Really? I mean...REALLY?

It's been a while since I came to the conclusion that this crazy game is a negative sum game rather than a zero sum game. So, probabilities are aligned against you right from the beginning. Another common conception out there is that the smart money always wins. Also known as: They manipulate the markets in their favor and get the money of millions of small retail traders. Let me disagree with this statement with some common sense first and then with some numbers.

Friday, November 18, 2011

December RUT Bull Put Spread

Demo-trading:
SELL 3 RUT December 620 Put (@7.20)
BUY 3 RUT December 610 Put (@6.00)

Wednesday, November 9, 2011

December SPX Bull Put Spread

Demo-Trading:
I opened the first position for December expiration as follows:
Sell 5 SPX December 1105 Put (@12.10)
Buy 5 SPX December 1100 Put (@11.50)

Tuesday, November 8, 2011

November QQQ position closed

Demo Trading:

The trade on the QQQs initially described here had been opened for a 0.33 credit and was closed minutes ago for a 0.10 debit, yielding a nice 0.23 profit and in views that the market doesn't seem to want to go down.
The closing trade was as follows:

Tuesday, November 1, 2011

QQQ Pending Order to close Cancelled

Demo trading: Markets expected to open significantly lower. The bulls party seems to be over and The pending order to close the Bear Call spread on the QQQs for 0.10 (Talked about this pending close order here) was canceled. This position now fells more juicy.