With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, CIEN triggered long (with market support) and didn’t work:
SIMG triggered long (with market support) and didn’t work:
SPRD triggered short (with market support) and didn’t work (we cut this off for a few penny loss in the Lab):
VMED triggered short (with market support) and didn’t go ten cents in either direction, so doesn’t count either way:
In the Messenger, Rich’s VXX triggered long (ETF, no support needed) and didn’t work:
AMZN triggered long (with market support) and worked:
WYNN triggered long (with market support) and didn’t work:
Rich’s AAPL triggered short (with market support) and didn’t work:
AMZN triggered short (with market support) and didn’t work:
NFLX triggered short (with market support) and worked:
In total, that’s 9 trades triggering with market support, 2 of them worked, 7 did not. Easily our worst win ratio of the year on a day when the market changed directions six times.
