Lean’n Long

RipcordLoki
2022-11-11

Thur Nov 10

Been busy since the last post. I’ve been trading swings in the NG futures. Picked up some TMF near the pullback low on Tue. Was hoping to add more on additional weakness but never got the chance. Kicked them out today on the strength. I am going to continue to buy slugs of TMF going forward. Lots of potential upside with this one. Blew out the TQQQ calls (mentioned in last post) on the strength today as well. They were going to expire next Fri. I had written the trade off but took advantage of the bid after CPI this morning. That’s the beauty of long options… peace of mind. If they work out, great. If not, fine too. No babysitting required. I like to size these positions so that I get paid for my time if they work but don’t lose any sleep if they don’t.

Let’s see if we can get some traction in equities after this CPI. Earnings are basically out of the way. Positive seasonality going into year end.

Good trading!

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