7/21:
SPY: $3,222
hedge: -$1031.80
7/21:
SPY: $3,222
hedge: -$1031.80
7/20:
SPY: -$90
Hedge: $328.30
7/19:
SPY: $54
hedge: $281.40
Both are positive right now, albeit not by very much.
I hope you guys all got the sarcasm in that previous post.
There is only one way to trade with Fibonaccis, and it is the way I am doing it. It has nothing to do with predictive power, magic percentages, or sea shells. Sorry to burst your bubble.
7/18:
SPY: -$3,762
hedge: $1,876
It seems that SPY made a candle formation today. Doesn’t that mean it should go back up?
But wait, I have some great news for the Fibonacci crew.
Did you guys notice this?
If you start at the lowest low in recent swings, and draw the line up to the recent swing high…
Are you fib lovers ready for this?
You are going to love this.
Going from the low to the recent high and drawing the fib retracements…
Todays’s low (and reversal) WAS EXACTLY AT THE FIB LINE!!!!!!
See chart!!!
FIBS HAVE MAGIC PREDICTIVE POWERS!!!!!!!!!!!!!!
THE UNIVERSAL MATH OF NATURE AND SEASHELLS MAKES MONEY IN THE FINANCIAL MARKETS!!!
8/15:
SPY: -$16,644.00
hedge: $3,011.58
Net for this trade:
-$13,632.42 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$8,347.41
7/14:
SPY: -$3,186
hedge: $1,641.50
7/13:
SPY: -$1,944
hedge: $1,031.80
7/12:
SPY: -$2,340
Hedge: $1,313.20
7/11:
SPY: -$1,314
Hedge: $914.55