That's ok.. just buy increments at every little dip and keep accumulating.
If you have enough shares later, can sell covered calls to continue to lower your cost average.

Saw this on twitter feed after the market closed.. so funny.
https://www.instagram.com/p/BKRcQjoBY-9/



This post has been edited by danmooncake: Sep 13 2016, 09:17 AM

the fed is the main source of volatility these days.

hawk, dove, hawk, dove...

like someone said... "fed has mastered market manipulation"!

will probably go on until fomc meeting outcome on sep 21.



after that, opec will provide the other source of volatility until sep 28.

meanwhile, seems several reports in the last 24 hrs about sauid, iran, iraq all incr output like mad before this meet.

up down up down....that's it, nice.

Yes, great for traders.

Yesterday was the 2nd largest $VIX intraday drop in history. (-26%)

just when crude went below 40, eia released this on aug 11.

together with saudiman's "we may discuss", it sent crude back to 48.



now, just 8 weeks later, same eia sings a diff song.

and crude falls 2.5% today.

dangerous people - angel and demon are one and the same.





what will next come out of some opec mouth?

so, crude has found a new top threshold at 48? now we know when to short! lol ...

red, red, red...

the aug iea statement sent crude from 40 to 48.

i m curious if this new sep statement will send it back to 40.

This post has been edited by AVFAN: Sep 13 2016, 10:19 PM

why market all red except apple? why? why??? i want apple to fall!

samsung phones no good, catch fire, all will dump and buy new iphone 7.

that's why.

Must be AAPL fan still holding the market up here..
otherwise we should have seen down to -2% or more.

Opportunity to enter long side again for XLE. Just a bit more closer to $68.

Btw, who's playing UWTI/DWTI here? ... how's things going there?

This post has been edited by danmooncake: Sep 13 2016, 11:25 PM

doing dwti today.

in 80.25, out 83.50. still holding some.

now, wait to see if it will return to 81 or so to enter more.

market and oil sentiments weak, can only short.

api data at 4am, eia tmrw.

if last week's storm hermine effect is over, there should be some build up again.

hence, want to hold some dwti for tmrw.

anyway, 2-2.30am might give a hint.

Went in at 80.64 , now out at 82.70.

It looked like it it ran out of downside momentum but I could be wrong.

Clinton's health issue is a fear to the market. If Trump wins, boy, expect huge bear market around the world....except for, China, maybe (as it could be positive to this actually).

Apple's bull today mainly because of Sprint and T-Mobile reported record breaking iphone pre-orders number.

This post has been edited by yok70: Sep 14 2016, 01:40 AM

thinking of an $ES short in anticipation of Fed/BOJ on the 21st this month.
hmm..

wow, dint realise there are 2 reports coming ...api and eia. these 2 will again shake the crude markets.....
will do few dwti if it dips <82....

i could see wrong....aapl sales order +375% !!!!! ???

that's why the jitters on top of the iea report and market sell off.

small draw or neutral will not help while significant buildup may push it <44 tmrw.

i failed to get more at 81, so will just hold the remainder.

15 min to closing, barely holding on to 45.

Darn.. I'm taking the other side on the trade. Shorted Puts for XLE.
Hopefully, it can hold 67.50 by Friday.