Outlook
We have moved on from the Evergrande scare. The thought of the most indebted property manager going bankrupt scared worldwide markets. China has decided to bail out the company in, what I call, Bailout with Chinese Characteristics. These types of scares happen from time to time, and how you fare depends on, quite frankly, luck.
For example, I have a QQQ trade right now, if my options had expired on Monday, I would have booked a large loss. That is just the way it is, so you manage capital so you can stay in business long enough for the law of large averages will keep you in business. And trading is a business.
Watchlist
My watchlist is the list of tickers that I watch for my next trade. Not all of these trades are ready, my watchlist is POSSIBLE of trades. The watchlist can change from day to day, so always look for the most watchlist.
Long Trades
Possible Long iPath Series B S&P 500 VIX Short-Term Futures ETN VXX
Short Trades
Possible Short iShares Russell 2000 ETF IWM
Economic Calendar
Thursday September 23
06:00 AM BoE Interest Rate Decision
Disclaimer
Simple Disclaimer: Trading is not for everyone, and you can lose a lot of money faster than you can imagine. Don’t trade with any money you cannot afford to use. Some or all of the trades posted here, I may or may not have taken. If you really want to know, ask me.