SH: Hedging my portfolio with SH longs
Updated
I reccomend purchasing 
SPY puts, and/or going long SH at market open tomorrow.
We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account.
All in all, the range expansion validation target failed to confirm the bullish momentum in SPX, so I'm inclined to revert back to shorting it. We might be soon to validate the
DJIA terminal pattern from related ideas too, lower probability, but still within the realm of probability.
That being said, I don't want to close my longer term fundamental/technical stock longs, so, I choose to protect my exposure withSPY puts, and SSH longs. All in all, factoring in the dividends, and the speculative shorts and puts, there is extremely low risk in holding the trades for longer, even during this pre-election period and beyond.
Good luck with the BOJ today, and tomorrow with FOMC, trade safely.
Cheers,
Ivan Labrie.
SPY puts, and/or going long SH at market open tomorrow.We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account.
All in all, the range expansion validation target failed to confirm the bullish momentum in SPX, so I'm inclined to revert back to shorting it. We might be soon to validate the
DJIA terminal pattern from related ideas too, lower probability, but still within the realm of probability.That being said, I don't want to close my longer term fundamental/technical stock longs, so, I choose to protect my exposure with
SPY puts, and SSH longs. All in all, factoring in the dividends, and the speculative shorts and puts, there is extremely low risk in holding the trades for longer, even during this pre-election period and beyond.Good luck with the BOJ today, and tomorrow with FOMC, trade safely.
Cheers,
Ivan Labrie.
Note
I bought at 38.45, stop 38.20Trade closed: stop reached
Stopped. We might break the recent all time high in SPX soon. We have to wait and see, today we have hit the 75% retracement of the recent VIX spike, so we can determine up to what price the smart money has bought the dip.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.