What we always do. Eat turkey & pie. Watch for Santa
Well, I guess that was the give back of the post election rally. Now what?
Buy the dips and sell the rallies!
That's the idea, but I do not get the timing right.
Please continue to post, so I can learn.
PS. I do not buy and sell much, but write covered calls during rallies. It helped salvage $10K's, but I still lost $100K's. And being greedy, I did not sell as many covered calls as I should have. For example, I may have 1000 shares of some stocks, but write covered calls on only 200 or 300 shares. Could have done more, but greed got in the way.
That's the idea, but I do not get the timing right.
Please continue to post, so I can learn.
PS. I do not buy and sell much, but write covered calls during rallies. It helped salvage $10K's, but I still lost $100K's. And being greedy, I did not sell as many covered calls as I should have. For example, I may have 1000 shares of some stocks, but write covered calls on only 200 or 300 shares. Could have done more, but greed got in the way.
I hear you and am happy to share. Whenever, I see your posts about selling calls, I am reminded of my Father. He once told me never to sell call options as you will lose your best performing companies...
^ you have me more confused with all the trading then I was before. LOL
When the VIX spikes well into the 25 - 30 range, as it rarely does, then I take a buying interest. It only did that once this year back in February. Prior to that you have to go back to 2015.
Back to the original thread title. I consider the current correction to be unresolved and will trade accordingly. I have no way of knowing when it will be resolved but will begin to buy again if/when the SPY takes out it's 300 day moving average and hopefully holds it's 12 month MA.
I should mention that the ominous double top sitting just above us has got me a bit spooked!