Week of November 13
Short Squeeze or something more?
Recap of last week:
We add on to our massive November gains this week. We have pretty much caught 80-90% of the the entire squeeze from the lows. Thats the type of trade that makes your entire year. Or takes a good year to spectacular.
Small note on execution. I said to add to ES longs at 4350 for the first add. If you see ES1 bottom at 4357 on Thursday, then test that and fail to make a significant new low at 4354, you can surmise that it’s time to enter long. Levels get front run all the time, so if you make a double bottom at 4354 or 4357 dont sit on your hands waiting for the magical 4350 number. We are long from mid 4100s, so dont worry about entering 5 points early or late. We are making swing trades. We have a massive winner on our hands and we want to add into a trade that is working to make even more money.
So we are long from 300 points lower, with leverage, and low delta (at the time). Then we took profit and added back lower for yet another squeeze. Considering here we are making bets with incomplete information, that I am sending out these plans on Sunday every morning, no crystal ball, catching 80% of these moves is pretty damn good. Premium subscribers already know, but for people who are not getting the complete plans, there is no hedging of my bets. I am not giving multiple scenarios. I am putting my reputation on the line every week and saying I think the market will go up or go down. Not both. Not either or, cause that’s useless. A large part of this game comes down to just having the balls to pull the trigger.