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Diamond Hands | Short Russell

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Diamond Hands | Short Russell

June 8, 2021 in Trade Recap

I’ve said for over a decade that the Russell 2000 Index (Futures Symbol: RTY) is the pot-limit Omaha of trading. It’s so fun to play, yet frustrating the entire time.   It’s easy for a position to go from first to worst, often in a matter of minutes.  The dreaded river changes everything.

Fortunately, trading is not the same as the binary outcome of a single hand of Omaha, so when you’ve got a strong hand, and proper bankroll management, you can wait for the math to work in your favor. Over the past few weeks, we’re seeing the RTY lead the stock indices, approaching the all-time highs from early in the year.  Part of the narrative in this leg higher is around the Wall Street Bet stocks, including GME and AMC, requiring hedging in the Russell.

When is this game or movie over? I’ve got no edge there.  All I can do is believe in the math, mean reversion, proper entries, and my DIAMOND SHORT HANDS!  ?

Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Trading Week Ahead | June Boom or Gloom?

June 1, 2021 in Watch We're Watching

We’re looking at another sleepy start to the week, though more of the to-be-expected variety given the holiday. Stock indices are sharply unchanged from the modest drift lower Monday.  Crypto remains range bound, not signaling anything for risk appetites leading into one of the seasonally worst performing months for stocks. 

On tap this shortened trading week, we’ve got an OPEC meeting Tuesday, Beige Book Wednesday, FOMC on Friday, and Powell speaking at a conference Friday as well. 

Aside from the norm, I’ll be more focused in the ProTrading Room (PTR) on a few prop programs (TopStep & UProfit) in preparation for the relaunch of my Virtual Prop Trader (VPT Live) mini-course.   

And if you missed it on Telegram, Discord, or YouTube, there may be time left to grab one of the crazy good deals at Earn2Trade or UProfit, offering 40% and 50% off monthly subscriptions respectively.  Also, trade journal Tradersync has a 50% off sale running through tonight too.  Everything expires today, Monday May 31st so hurry!

Earn2Trade: https://www.earn2trade.com/gauntlet-mini/?a_pid=TDG (No code)
UProfit: https://www.uprofittrader.com/#tradersdevGROUP (Code MAY50)
Tradersync: https://www.tradersync.com/?ref=tradersdevgroup (No code)​

Trade Like You Mean It!

Join us in the TDG ProTrading Room for a 10-day trial.

Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.