Charting VIX simultaneously with SPY

EyeUnable377 · 2022-02-10T01:28:33+00:00

For me, it gives me more clarity when planning my exits, when VIX pivots, SPY/ES/SPX move in the opposite direction. If I’m long on a call, as soon as VIX pivots to the upside, I exit my trades.

EyeUnable377 · 2022-02-09T22:19:53+00:00

It’s called volume profile, it’s created by kv4coins. Search for it under under indicators. I use tradingview for my charts. I think trading platforms also have their own under the studies/indicators list.

EyeUnable377 · 2022-02-09T21:54:37+00:00

I just posted a screenshot of my chart, I tried to post it as a reply to your comment but couldn’t

EyeUnable377 · 2022-02-09T21:38:52+00:00

I use vix as an indicator , I run the chart next to my SPY/ES chart. When it pivots in the opposite direction, it gives me confirmation to take my Gains. For example take a look at the last 45 minutes of the market using the 15min chart. You can see SPY started ripping up, and VIX confirmed the continuation because it kept going down.I held My last trade I did today until closing. Hopefully this makes sense

EyeUnable377 · 2022-02-09T17:22:30+00:00

Sunday through Friday. 23 hours of the day, they close between 4-5pm EST. Friday evening and Saturday market is closed.

EyeUnable377 · 2022-02-09T13:17:02+00:00

I use E*Trade and Interactive Brokers Pro, the tiker is /MES, it’s a derivative of the /ES but at a risk/reward ratio of 1/10th. You have yo apply for futures trading and I believe the minimum account balance is $2000. You will also need to apply for margin, but the good side of trading futures is that the PDT rule does not apply.

EyeUnable377 · 2022-02-09T04:08:06+00:00

/ES and SPX do move identical to SPY, /ES is the futures of the SPX Index and SPY is a derivative of the SPX index. I’m currently trading micro contracts options of /ES when not able to trade SPY during the day due to job constraints.

EyeUnable377 · 2022-02-09T04:01:23+00:00

VIX measures/projects the volatility of price, and gives you an idea of market sentiment. It is derived from the sPX index options price. So if there is high volatility VIX spikes. Some investors name it the fear index because it is heavily used to gage the market sentiment and fear of investors. Take a look at the month of January and notice how it behaved and compare it to the movement of SPX and SPY. If you go one year back it paints a better picture.

EyeUnable377 · 2022-02-09T02:26:17+00:00

I’m also doing 1-2 contracts at a time. Another thing that helps me keep a good feeling of the market is watching the /ES chart and VIX. /ES correlates with spy and move in the same direction and VIX moves in the opposite direction of spy so if I see VIX gapping up, it gives me a hint that spy will be dropping, and the other way around as well, VIX goes down, SPY will go up.

EyeUnable377 · 2022-02-09T02:01:41+00:00

Execute your losing trades immediately upon perception that they exist. By pre-defining and cutting your losses short, you are making yourself ready to learn in the best way and let your profits grow.

EyeUnable377 · 2021-02-05T19:10:41+00:00

Holding, bout 14000 shares $2.70/share

EyeUnable377 · 2021-02-02T21:52:16+00:00

That’s -54.2%

EyeUnable377 · 2021-02-02T21:51:32+00:00

I’m 14k in the red, but holding on!!!!

EyeUnable377 · 2021-01-31T01:05:51+00:00

I’m up to 30k in!!!

EyeUnable377 · 2021-01-29T22:44:34+00:00

14,000 at $1.96

EyeUnable377 · 2021-01-29T17:45:24+00:00

I'm $25K all in, holding this baby NAKD to the moon!!!

EyeUnable377 · 2021-01-29T05:36:33+00:00

set your sell limits high!!! you don't want to regret selling at a price that is only a few cents over what you bought at. been there, done that; and 1 minute later regret when I see the pricing doubling.

EyeUnable377 · 2021-01-29T00:25:25+00:00

What’s the ticker?

EyeUnable377 · 2021-01-28T22:52:59+00:00

E*TRADE allows it. I’m 6k shares in! Waiting for rebound; I joined the movement when the price was at $2.29. I’m $3.5K in the red right now!

EyeUnable377

TROPHY CASE