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I know very little about options, I'm a veteran stock day trader. What's the simplest way to short the S&P for day trading and swing trading with options? I'm assuming buying puts, but I don't know the details of how round trips work. Thx for any tips..

Lol I wish I knew how to trade options, I think I'm missing out on something....

Just bought 200 TZA, 200 FAZ, 100 UVXY. Roughly 20k total including earlier 7k I'm in. Small ball starter swing positions. Make it rain, baby :D Though I vastly prefer daytrading, bc swings have gap risk.

Ye olde shit is hitting the fan. I will refrain from calling the market top here, but.... From a technical standpoint, the one outlier is that pullbacks usually lasted just 3 days or so in this rally market. The fact that we've had five down days in a row is beyond bearish. I'm looking forward...

Busy af daytrading today look at transaction count :D 75+ roundtrips and profitable woot

Thanks, very possible and likely. Usually inverses bite me in the ass when I hold overnight. I keep saying maybe this time will be different. I'm just in 7K tiny right now, debating as to whether to scale a bit more just 10 or 15 k worth to buy after hours here now soon. At least I have...

True. Next week will scale up. Trying to decide how much size inverses for weekend hold. Will wait till after 6 p.m. for after-hours trades.

beautiful! i ended up trading it into the close :D Originally I was going to stop trading at 11, but price action is everything and uvxy is my favorite thing to trade, ended up nicely in the green today. Flawless victory. Thx dest for bear bias nudge days ago. Thx ddog re comments re rules.

Market never makes sense. Like many women I've dated. Frustrating. :p

All that stuff is very complicated and confusing re bp, settled cash, margin, intraday buying power etc, it makes my head melt. I call fidelity often with questions. Seriously it's way too freaking complicated.

Market crash finally here? I bought inverses yet again for swing, we'll see. Short bias into weekend :D

True. So I have a handful of automated OTO orders with hard and trailing stops set up at new highs to address my fomo.

Great points. The strategy that I found most profitable is to use a blend of both hard and trailing stops with a ladder of 4-6 trades, spaced out .3-.4 My best exits are always after something's run up in my favor and then I tighten up the trailing stop manually within $0.20 of the inside...

Thx ddog! For once I'm booking early profits today and stopping trading at 11 a.m. thanks to your nudge to follow my rules. Much appreciated. I turned off my main monitor and I'm downstairs now typing this on my cell phone to avoid temptation to trade.

Another winning day today mostly trading UVXY and TZA. And I'm stopping here now at 11 a.m. to follow my rules. I still have a handful of automated buy stop orders in play, but I'm going to do my best to not overtrade today. Nothing pisses me off more than being up in the morning and then flat...

Right... so I no longer take big stops, doing the death of a thousand cuts thing on red days instead : o

The concept of stress in trading is foreign to me, even 21 years ago when I started it was exciting not stressful. If you have rules and process it's fun. I genuinely love it.

From your post, you have plenty of experience. Not sure why you need a mentor. The community here at ET is a great resource to run trading ideas by for candid feedback. You might want to start a journal thread in that sub forum to document what you are doing to get feedback. Your post is...

nice uvxy

UVXY and others looking good today. I opened a new tiny 2k Fidelity account today exclusively for a bear portfolio for ye olde September selloff. If s&p loses 100sma I'll add 20k Small account challenge is on :D Funding weight big to small will be: UVXY SRTY/TZA SQQQ SOXS My strategy is to...