9:00 AM
Today is Federal holiday, and the market is closed. But the global market crashed. Each major market is down more than 4-5%. Basically, tomorrow open will be a crash open, so be prepared for crash. Study those crash pattern, and trade on it.
Alright, game plan for a next couple of days:
1. Strong short (puts) S&P and QQQQ at tomorrow's open. If there is no chance to take sizable profit before 1:00 pm; add puts on any strongness. If it provides plenty of opportunities, take profit (close all puts), and then go long (calls with small size and setup stop).
2. Watch out for possible down turn after 1 pm. If it goes up and turns down, close call positions if they are still profitable.
3. Wait for the uptrend, if it goes up again around 3 pm, load some calls; otherwise, if it is a confirmed down trend, do nothing.
3. If the 1st day closes lower, the next day will be the reverse. So put at the open after a bounce, then wait for reverse to close the puts and long at around noon time.
Overall rules:
1. Trade puts, but never hold it overnight.
2. Long calls (long term), if it can't be profitable, hold.
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