How to trade the election?

[cosmic]

I'm not sure, but I think for me at least, the right answer is 'Take some off the table'

What's your plan?

[demanuel2001]

Er that was my plan all along Cos - back when the Dow was 9600 and I said we'd run up all the way to the election.

[bjxxxx]

Don't know if we'll rally further, but can't see a GOP victory being greeted by a significant pullback. I sold the pop this morning, and bought the dip. I'm 90% long, and will buy a bit more if we get a dip today or Tuesday. I'm looking to sell at least half Wednesday morning, hoping for a pop, before FOMC, though I don't expect that to cause a sell off either.

[ask2lern]

Trading account will be mostly cash at EOD with the exception of AIB SDS and SH......................I added to SH this am.......may add some SPY PUTS not sure yet..........in my LT accounts I have been selling into strength on some of the higher beta plays and set trailing stops on anything I want to protect profits on and then I have the ones that I really have no plans to sell anytime soon.......MCD,BRK.B,MVIS,PBT,BPT,DOW,ADM,NOK,MS,USB,GILD,MSFT....there are others but these are the main holdings at the moment................also holding big positions in SH in LT accounts too......................I also have some mutual funds that I do not really pay any attention to and don't plan to for now.....................and of course I have a PM position but that is like my house...............let the kids fight over it........I hope............. ;D


My vote........Short the WORLD!!!!!!!!!!!!!!!!...................GLTA

[Arc]

;D ;DGood quick read.
www.cnbc.com/id/39917655

Going mostly cash EOD. Dont expect much of a move tomorrow BUT you never know how Mr.Market will respond.

[yjfang]

I've got a lot of cash to be re-deployed. Take her down boys!

[trading4dough]

I was looking for the "Go skiing" tab

but it wasnt there

[Clinton SPX]

with air bags

[trading4dough]

climb up the mountain

ski down the mountain

[cosmic]

So all this obscurity means...

[brosin]

I'd say I'm not trading it - I wonder if election days are historically big days or not. I kind of assume it would be a little slow akin to a holiday.


I'll probably be a seller tomorrow and/or Wednesday, but that's just for the 2 day FOMC meeting starting in the morning

[cosmic]

Bros I'm sure you posted the FOMC dates but I missed 'em. When does the meeting start?

[kbk3ck]

Well Cos, that means that they, like the rest of us, havent figured out if were holding or selling yet. LOL.
Whats your Crystal ball say? Just sell some or sell it all?

[Clinton SPX]

With a Republican win, Ron Paul becomes chairman of House Financial Services Committee. Just wait for him to tear into the fed and kill QE2

[kbk3ck]

I love Ron to death but he IS a politician. No guarantees from my boy Ron. (Dont tell anybody I said that)

[kbk3ck]

Allright!! I'll nut up!
All In 3X BULL ETFs by EOD!!!
(God help me)

[puurfectten]

i'd say caution....if ur fast..could be some wild whipsay action like today

[puurfectten]

:)oops..meant whipsaw..

[novice08]

Whipsay, too--you were right the first time!

[jberger]

Dry powder except for my LVS!